Swift Energy Co fka SFYWQ

[girlfriend]

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.