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

To: Ed Ajootian who wrote (787)4/30/1999 5:08:00 PM
From: Mark  Respond to of 1602
 
Ed,

I agree with you that it would be good for SFY to increase drilling.
However, I don't think they'll miss the boat on low rig rates. What
I think a lot of people have overlooked is that the support companies
have their own supply & demand imbalance to overcome; i.e. I don't
think the support companies have bottomed yet (in terms of earnings).
Drilling rates are going to remain well below their past peaks for
almost another year yet.

Mark



To: Ed Ajootian who wrote (787)4/30/1999 8:23:00 PM
From: wolfdog2  Read Replies (1) | Respond to of 1602
 
Ed, I think that you need to trust management to zig, or zag as the case may be, when they need to do so. That's why we pay them hefty salaries. <g> If they are holding back on drilling, it may well be that they feel that they can do their best drilling on Wall Street and are looking at acquisition candidates.


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