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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (184199)	6/22/2014 9:10:04 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206160

Swift Energy (SFY) -- Someone sent me a PM asking what I thought of this stock at this point. Great to see this stock finally get a solid rally going. I wonder if the long-anticipated short-covering has finally started to happen. With 38% of the outstanding stock in short interest, this could be quite a rally. We get the next update on short interest on Tues. afternoon I believe. Their Fasken Eagle Ford gas play is as good if not better than anything in the Marcellus, with F&D costs of around $.70/mcf. They expected to close their farmout with that Indonesian company by the end of this month. Maybe the recent rally is in anticipated of the news of that closing getting announced. Once that closes they will get their bank line down to about $150M or so, and if they can sell the stuff in central Louisiana that they are also marketing, that stuff should generate somewhere between $200-400 in sales proceeds, which would allow them to not only pay off the entire bank line but have a little war chest also.