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


To: Mark who wrote (747)4/3/1999 2:25:00 PM
From: PuddleGlum  Read Replies (2) | Respond to of 1602
 
Mark-
Remember the rumors about APA buying SFY? Here's some fuel for that fire:
biz.yahoo.com

Of course, APA will most likely use the cash for property acquisitions and drilling operations.

Regardless of any cutbacks in SFY's drilling operations I believe that they will remain profitable and that there will be plenty of low-cost drilling rigs available for some time to come. Remember when the company kept making great announcements and the stock just got pounded harder? Now it's time for some more great announcements and this stock will go places. We're in the middle of some resistance here in the $8-10 range, but once we pop $10 we'll go to 15 pretty easily I believe.

The last 3 days have just been another refreshing pause in an upward trend.

Happy Easter to you.

pg