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


To: PuddleGlum who wrote (807)5/24/1999 5:56:00 PM
From: Mark  Read Replies (1) | Respond to of 1602
 
PG - In a market which was mayhem today I'll settle for any stocks
which ended in positive territory - of which SFY was one!

Boy am I glad to be so heavily into O&G at the moment. I am hoping
that the sector will show good relative strength due to the attractive
valuations and the generally defensive nature of the sector. I just
pray that O&G prices don't collapse on us!

What's kind of funny is that I tried to alert a couple of the old
SFY folks to the value here when we were down around $9. Both folks
were keen to stay in DELL - Boy, could that end up being a BIG mistake!
(I think DELL is looking pretty precarious at the moment, with ASPs
possibly going to fall as quickly as unit volumes grow. CNBC was
full of comments about how it's about to break down through it's
200day ma..... Man the lifeboats!)

Mark



To: PuddleGlum who wrote (807)5/24/1999 10:25:00 PM
From: Robert T. Quasius  Read Replies (1) | Respond to of 1602
 
XTO and APC have good DRIPS, with basically no fees except if you sell. I like to utilize low/no fee DRIPs in order to average price, in stocks which I am trying to pick up near a bottom, sometimes a difficult task.

I got the APC DRIP information through www.netstock.com. I also got started in Cross Timbers Oil (XTO) through a DRIP similar to APC. Some of the big integrated oil companies offer DRIPS too, some with very generous fee structures, and some that charge you for every little thing.

Here's a summary of the APC DRIP plan. You need a minimum of $1,000 to get started, if you don't already own APC stock (25 shares minimum) in your name. You can invest $50 or more at a time, including automatic deduction from your checking account at no charge. Dividends are reinvested at a 5% discount. The only fees are $15 plus $0.12/share for sales only, $25 for rejected automatic withdrawls, and $20 for a prior year statement. All of the buy side fees, commissions, etc. are fully paid by the company.

Hope this answers your questions.