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

To: wolfdog2 who wrote (765)	4/18/1999 7:07:00 AM
From: Mark	Read Replies (1) \| Respond to of 1602

Wolfdog, Thanks for your thoughts. I'm about 70% O&G at the moment and am hoping to get some cash when a buyout of one of my remaining techs closes. I wish I could say that my O&G holdings had all been purchased at the bottom, but I made a number of buys well before the decline - it was difficult for me to spend more money in this sector after long falls, but I am very glad now that I did (and hopeful that we will enjoy a few years of on-going appreciation). I am not sure that we will see many pull-backs now - I have been watching Tidewater, which triggered my buy limit at $22 last week (but I had no cash!), but which has subsequently risen by 25%. I suspect that we have been riding a small wave of initial euphoria based on the OPEC agreement, but that the tidal wave is just beginning (now that people are beginning to believe that higher O&G prices may be here to stay). Thankyou for the FLOW suggestion. I love investigating new stocks, particularly when someone with a degree of experience makes the suggestion. I have been looking over Pericom (PSEM) which a shrewd friend of mine likes (though I have no conclusions yet). If you want another O&G, which hasn't yet risen too dramatically, then PETD may be worth a look. It's a micro-cap, but it is cash rich and has an extremely attractive business proposition. (The E&P companies are cash starved; PETD is a driller/partner that could offer drilling without big cash commitments. This should be able to open some extremely lucrative doors). Mark