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

To: PuddleGlum who wrote (648)	2/11/1999 4:30:00 PM
From: FloydP	Respond to of 1602

PG The leveraged buyout idea is very interesting. If management could pull that off, then perhaps they could go into the bottled water business. The margins must be terrific at 99 cents per gallon.

To: PuddleGlum who wrote (648)	2/11/1999 5:18:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 1602

I think the reason the market gives SFY a lower price/cash flow valuation is the nature of most of the chalk wells: prolific but short-lived. If you look at things that way, it makes sense to have a lower valuation. Still, the price/cash flow is beyond any reasonable discount. This is one of the few small cap E&P companies that is still turning a good profit, growing reserves, etc. I predict SFY will emerge from this cycle unscathed and stronger than ever. I am sitting tight, and planning to add to my SFY holdings when a turnaround seems more imminent, perhaps later this year.