Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark who wrote (764)	4/17/1999 7:02:00 PM
From: wolfdog2	Read Replies (1) \| Respond to of 1602

Mark, I'm still around. I sharply increased my position in SFY when it was under 6 and I'm just holding. My other big holding is XTO, which has also been doing well. With hindsight, I'm sorry that I didn't put a greater percentage of my portfolio in E&P stocks a while ago. On any significant pull back, I intend to increase my position. OT. One of my favorite non-tech stocks (most of my holdings are in the tech sector) is FLOW. They are a leader in the manufacture of water cutting tools. What makes the stock interesting is their Fresher Under Pressure equipment, which kills pathogens in fresh food without heating. They recently signed an agreement with a seafood processor and have a test program going with Tropicana. If Fresher Under Pressure takes off, the size of the company will double. Meanwhile, the company is growing earnings at about 20% a year and sells for a reasonable p/e.

To: Mark who wrote (764)	4/19/1999 10:40:00 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 1602

Mark, Thanks for the links. What about looking at the relationship of SFY's stock price to operating cash flow? IMO the single most important stat for an O&G company is cash flow from operations, not earnings. Wondering why Swift has such a low drilling budget for this year as compared to its cash flow and borrowing power. They are barely planning to spend their cash flow. Given the projected rise in commodity prices (the beginning of which we are already experiencing) it would seem that a more aggressive drilling budget would be in order. If I were Earl I would start planning to drill a whole bunch of Austin Chalk wells this summer. Figure they will come on line by the fall, when gas prices will really be going idiotic as forecasted. Immense volume today with little price change action. Looks like the institutions are trading this one amongst each other.