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Any idea what earnings are gonna look like? WTI is on a tear would like to see a little more bite here....
Insiders were buying shares right around when those numbers were released to the public as well. The author also doesn't mention that either. I've never heard of the Street Authority Network BTW, who the author writes for. I'll be nice and just say that his write up could have been much better.
That info isn't really new or anything. The author is using the filings released in early March. Anything from that was factored in a long time ago. Just because someone decides to write about it now doesn't make it new info. The author fails to talk about Swift's book value which shows to be 18 dollars a share and also does not discuss Swift's cost cutting measures and does not talk about their assets and properties. Swift knows how to survive and with WTI oil now up trending and touching $60 the worst days are probably behind. When those numbers were actually new info Swift's pps went down to 2 dollars. The author should have written what they wrote back in March, too late now. Almost makes me think he missed the buy in at the low 2s.
This just out…..yikes!
http://finance.yahoo.com/news/money-off-dying-companies-170000038.html
Swift Energy Co. (NYSE: SFY)
There are many companies feeling the pain of too much capital spending and too little cash flow to cover it. The rebound of oil prices back into the $50 range surely helps, but it's clear that a number of oil and gas producers will need to seek fresh capital injections to stay afloat until industry conditions truly improve. Some firms may find the capital market spigot shut off. Bankers may not be inclined to lend to them, no matter the terms -- if the ability to re-pay such loans is doubtful.
Bond rating agency Moody's recently downgraded Swift Energy's bonds to SGL-4, its lowest rating. As of the end of 2014, Swift had just $400,000 in cash in the bank and more than $1 billion in debt. The company will provide a financial update on May 7, and investors will quickly scour the balance sheet and then listen for management commentary about how bankruptcy can be forestalled.
I'm still in! ...Thinking about jumping back in?
I'm still watching
Watch for a Break out move to signal the beginning of a major upward trend.
The last oil crash I rode this horse from 5 bucks all the way to 30. This time I got in at an avg of 2.20. I'm going to ride this baby for awhile. At 5 bucks or so I might sell 20% just to get my cash out and make it pretty much a free ride. Company has been around since 1980 and has survived the previous 3 oil crashes. They know how to get through these times. Oil bottomed last month and insiders have been buying. I'm very happy here.
The SQUEEZE is On!
The sfy SQUEEZE IS ONNNN!
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LMOA... nice.... All good up in the hood!
SFY to the SKY!!!
lol
Oh yeah, I banked, it's all good, I just couldn't resist saying that.
lmao.... good qstn. ... But you made some doe so it's not that bad.
Why didn't I listen to you, LOLOL
OH HELL YES! SHORTS ARE COVERING NOW! $6.00 FOR SFY SOON!!!!
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THE SKY IS THE LIMIT!!! GGGIIDDYYUUPP SFY!!!
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Don't think they have the hedges on but I am keeping a position nonetheless at these levels. Would reload at or around 2 if given the chance again this has been a great trader for me as well as keeping a position in.
just my opinion... SFY is in much better shape than people realize.
I would like to agree with you....but why?
I expect Blow Out numbers for Q1 for SFY.
BlackRock, Inc. now owns over 10% of SFY!
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Hold on to your hats people!.. HERE WE GO!!!
sfy
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Hell yes! This co. was wayyy oversold. finally just starting to get back to a more fair price range.
You still holding? I bailed, took money and run, LOL
better pay attn. ...http://www.wsj.com/articles/oil-jumps-after-saudi-airstrikes-in-yemen-1427349772
Saudi ground troops activated! Sfy will fly!
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Looks like Oil doesn't know what it wants to do today.... it's all over the place this morning.
Sfy.
The market is moving. Timing and patience are crucial.
Another bullish sign ...http://www.cnbc.com/id/102522305
sfy
At least now we know whats going on and it can be addressed. It was the "not knowing" that was creating problems.
sfy
Why, did Mexico and Russia change their mind?
http://oilprice.com/Energy/Oil-Prices/Conspiracy-Theorists-Not-OPEC-To-Blame-For-Oil-Price-Crash.html
And Russia is actually running less through refineries and selling more on open market too.
OPEC begins talking about cutting production = SFY Over $3.00
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BBBOOOMMM!!! SFY GAPPER MONDAY!! OPEC and Oil http://goo.gl/RXXA7d
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up to 33 followers now. SFY is building some interest for sure!
It's going to Pay off Bigtime!!
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Dammmit! I got in a liite too early for maximum profits. But It's close enough to make some good coin from $2.18 on UP!
sfy
It's all your fault for buying, lolol
Looks like a fund is repositioning their holdings at eod.
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Out @ $2.50 on the open! ... Gonna watch for re-entry WHEW!!!!!
Man I was sweating bullets!! So is it Short Squeeze time now???
. sfy
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