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


To: Bill Hermesmann who wrote (658)2/18/1999 3:42:00 PM
From: compradun  Respond to of 1602
 
Talked to the CFO today. He was upbeat about the recent discovery well being placed in service and generating sales. The land work complete it seems that they have a basket of good opportunities. Internal cash flow estimates are a bit more conservative than the street but doesn't appear that there is a current need to pick up any more financing. I bot the 6.25% conv today, YTM 11.5%. I hope that NGA doesn't go any lower but it seems that we have found a temporary support on the price @ about $1.7. W/i the last two weeks Jefferies and Dain Rausher have had nice thing to say(ie cheapest in peer group). Hang in there guys this will work out.