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

To: Mark who wrote (718)	3/13/1999 10:14:00 AM
From: FloydP	Respond to of 1602

Mark, this was simply "one great post." If SI had a POST OF DAY, I'd vote for yours.

To: Mark who wrote (718)	3/13/1999 10:21:00 AM
From: wolfdog2	Read Replies (1) \| Respond to of 1602

Mark, interesting post. I would take issue with the implication that because the price of NG is easily tracked that this is a plus for the stock. Investing in any stock that is tied to a commodity, SFY or otherwise, is tricky business. It is definitely a negative that SFY is held hostage to gas prices. I'm also less bullish than you on the near term potential for SFY. The oil countries have not in the past been able to hold the line on oil production and I expect that this time around will be no different. At the moment there is a speculative frenzy in the oil markets, which is driving the price of the NG stocks as well. Once the feeding frenzy ends, I think that both the price of the commodity and the stocks will trend lower. Longer term, I think that the future for NG and SFY is bullish, but we're starting to get ahead of the game. I recently increased my SFY position when the stock was still under 6, but I've been selling shares of financially less secure NG stocks into this rally.