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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Hermesmann who wrote (633)	2/3/1999 6:01:00 PM
From: FloydP	Respond to of 1602

I'd be overjoyed if the eps even hits the "whisper number" given the reports coming in from the majors. My bets is on value and the inter- mediate and long term for this company. I've seen all this type of action in my life with the cycles. As I said earlier IMHO Natural Gas will be a better place to be than crude in the future.

To: Bill Hermesmann who wrote (633)	2/3/1999 7:21:00 PM
From: The Ox	Respond to of 1602

I haven't commented on the "we know no reason why" statement and here are a few whys: Through the 3rd qtr 98 and compared to the previous year, production costs are up 40% while O+G sales are up only 13%. Depreciation, Depletion and Amortization costs are up 56% yr over yr. Interest expense rising. G+A costs up...the list can go on. The best thing they did in the 3rd quarter was the write down of O+G properties which at first glance looks awful. I am very interested to see the year end report and their guidance going forward. I think that the stock is worth the purchase price at this level but I also understand completely why it's being kicked around by the street. The short term issues are clouding the long term picture. I think this is a nice opportunity going forward. BWDIK? Michael