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

To: Ed Ajootian who wrote (769)	4/20/1999 2:20:00 AM
From: PuddleGlum	Read Replies (1) \| Respond to of 1602

Ed- Immense volume, as you noted, is making this stock look pregnant! Stocks that lag in a sector tend to stay as laggards, but I'd be grabbing lots more shares right here if I weren't getting ready to buy a house. After studying lots of charts tonight, weekly OBV and bar charts, p&f charts, and using some home-made indicators I'd say that all sorts of basic materials stocks are in for a continued move here. But I'm known to bounce off the walls a bit when things go up or down a lot, so take this for what it's worth. pg

To: Ed Ajootian who wrote (769)	4/20/1999 6:04:00 AM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 1602

I agree that cash flow from operations is the most important measure of an E&P stock. In the case of SFY, the stock trades at a cash flow discount to it's peers due to the prolific but short lived nature of the chalk. SFY slowed it's drilling program due to low commodity prices, and refocused it's attention on acquisitions, like the Sonat acquisition they picked up for a song. Now that prices are recovering, I would expect SFY to increase it's capital budget and pick up the pace of drilling. I agree 1000% that this stock is ready to take off, and wish that I had boosted my holdings when the stock dipped to the $6 range. My basis in SFY is around $21, and I've already invested quite a bit for one small cap stock. I am a long term investor, and fully expect SFY to return to the $30 range in the next year or two.