SFY Motley Foolish article excerpt: Swift Energy is looking to divest its central Louisiana assets, and to find a joint venture partner for its Fasken natural gas assets in the Eagle Ford shale. The company is negotiating with potential partners and anticipates concluding both transactions by the end of the second quarter. Needless to say, the first step in rebuilding investor confidence is to complete both deals; getting highly favorable terms would also help greatly. Until then, investors face too many unknowns to come back, as both deals are critical to reducing the company's leverage so that it can prudently fund growth.
I actually added earlier today based on the 3 new well results.
Focus Focus Focus Focus !!!!
