that Swift held onto the Louisiana Properties. Oil is going to go through the roof as Russia will be getting all snug with just about everyone in the middle east. Obama has got the United States on the outside looking in. Within 2-3 years oil will be at $125+.
Sentiment: Strong Buy
Developed Proved In Place Reservoir 943 Million BOE Stockholders’ Equity is over 4.26 Billion Dollars
.....................Company presentation can be seen at Swift Energy URL.............
Company indicates 50 percent of the oil in place is recoverable which is corresponding to 1.95 Billion producible NG. Thickness of the reserves over 350 feet, depth is shallow, easy and inexpensive to drill and complete. However with today market it is good to be pessimistic therefore, assume that only 20 percent instead of 50% is recoverable, in this case shareholder equity is still well over 3 BILLION Dollars
Refined Reserve numbers, Reference to Company August 2015 Presentation
• Swift Energy has secured a contiguous ~24,000 acre position overlapping LaSalle and McMullen Counties
Reserve Volume in Place 1.78 Billion BOE (9.2 Tcf), Producible Reserve 969.8 Million BOE (4 Tcf)
• The acreage has excellent access to natural gas infrastructure
• Approximately 3,600 contiguous acres in Live Oak County
Reserve Volume in Place 189 Million BOE (1.1 Tcf), Producible Reserve 86.2 Million BOE (0.5 Tcf)
• Position benefits from offset operator well control
Fasken and Eagle Ford 70,000 Acres, producible reserve is 194 Million BOE
Oro Grande, Uno Mas and Fasken Total Producible Reserve 969.8 Million BOE Oil and NG
Reserve In place Undeveloped: $3.88 per BOE
Producible Reserve: $6.44 per BOE
Please do the remaining part of the calculation…. If you would like to check the numbers presented above go to Swift Energy Web page, than Investor Relations, and then Corporate presentation (August 2015 Presentation, and Company 2nd Q Earning Report)
speaking of "talks with the Saudis" , John Kerry had "talks" with the Saudis two weeks before this #$%$ "glut" started .... and i have yelled this for 6 months now ..... OBAMA IS BEHIND THIS ENTIRE GLUT #$%$ , because he only cares about - #1 - destroying Republican donors/coffers , #2 - Providing cheap gasoline for his idiot welfare clan members for votes , #3 - To transfer wealth from investors (mostly white people) to the hoodies ..... Investments / Royalties / $100,000 a year jobs tank , cheap gasoline infuses money into the hood and Burger King booms ...... If Putin can influence the Saudis to cut production , it is obvious Kerry encouraged them to boost production ...... KERRY VISITED THE SAUDIS two weeks before the "glut" .... I think it is so obvious it is ridiculous , they talked about Oil Production , period end of story ...... Obama did this , and he is an idiot ..... insane to boot
No one wants instability in the Middle east but such is the norm and getting worse every day.
When Putin decided to make a military presence in Syria is when I immediately jumped in to average my position and have seen 100% return in about a week.
Stability in the middle east would mean major cuts by OPEC. Instability will be no cuts but no way to get the oil out.
Don't forget...Putin is #$%$. I don't know about you but if I was Saudi Arabia, I would be concerned that the second (arguably first) strongest military was on my border with an attitude...and justifiably so.
The Saudis are bankrupting Russia and Russia is fed up
I don't think anyone hopes for war in the Middle East. It is what it is and will continue to be a hotbed of violence where 30-40% of the worlds oil comes from. There is risk in that. Then you have to look as US Production and think that it does not have that risk at all.
Folks. Good money after bad does not make sense unless you bought at 34 cents a few weeks ago and talk your investment up by 2 times. There is good return being made by very few. Keep dreaming but please be sensible. Hoping for war in the Middle East to save SFY - Really. That is crazy. I guess you don't have kids.
Many on this board would have you believe that BK is a foregone conclusion so that means I have to work out whether the extra leases they have been picking up for some time now are for a good reason or not ..
You lasted this long without getting pushed out and are trying to find a point to exit?
I hope that exit point is well north of $2.80.
Let's hope...but a buzz kill for natural gas demand this winter is the El Nino' predicted to be one of the biggest in 20 years...unusually wet west...unusually mild north east.
It's all in Putin's hands...Imagine, he could be the one to save the American energy industry...inadvertently, while looking out for his own interests.
F the Saudis...and we can't blame the lack of a cohesive domestic energy policy on Obama...no president going back to the 50's has expressed a bonafide interest in such a concept. Free market is great until something like the 70's happen again. The government needs to be pro domestic oil...and in being so "pro", they need to regulate the toxicity of current practices. We need the oil but fracking sucks for the environment. There has to be a middle ground...and technology does exist to clean it up. A little subsidies are necessary in such a touchy feely environment.
Two days on the run, very heavy trading and not one after hours. Any ideas what is going on here. I have a lot of common at 2:80. Don't want to get pushed off my shares but trying to find the point to exit?
(Swift Energy August 2015 presentation) shows Asset value of Oro Grande and Uno Mas is well over 4 Billion dollars, Equity is over 2.8 Billion
……August 2015 presentation provides the exact in place and Producible reservoir volumes for Oro Grande, Uno Mas, and existing Fasken, Eagle Ford and Louisiana, which are ORO GRANDE has 9.2 Tcf (1.59 Billion BOE) in place, with potential up to 4 Tcf (690 Million BOE) recoverable, UNO Mas, 1.1 Tcf (190 Million BOE) in place with potential up to 0.5 Tcf (86.2 Million BOE) recoverable. These two fields have 1.78 Billion BOE resources in place and 776 Million BOE Producible OIL and Natural GAS. 12,000 acres of ORO GRANDE is developed. The price of producible resources is $6.44 per BOE, the remaining 12,000 acres is undeveloped, the price of undeveloped producible resources is $3.88 per BOE. UNO MAS may considered as undeveloped. Based on these, the asset value of ORO GRANDE and UNO MAS is exceeding 3.89 Billion Dollars
the middle east. Saudi's surrounded on all fronts. Just wait til this winter when Natural Gas is at $4.
Sentiment: Strong Buy
SFY stock price is up because the price of oil is up. SFY volume is up because it is better to sell @ $.80 rather than $.40. This is NOT going to end well.
I don't agree with him on most things but I do here. The mighty country of Russia is not going to let some Saudi #$%$ bankrupt it! Enough is enough!
Russian presence in Syria is simply to pressure the Saudis to ease production.
Within a week of their military presence, they were in talks with the Saudis and oil is spiking.
As soon as I heard the news, I went all in for the sector including a big stake in SFY at $.35
As such was bottom for SFY...so was bottom for Russia and Putin said enough!
The Saudis have single handedly destabilized many volatile places in the world...Russia is not gonna take their #$%$ any more.
Nothing, maybe 1 point. The big gains have been in EXXI 2nd liens almost a double. 32-63.
Linn paper up almost 50%. Resolute, Northern Oil WTI, very little as well.
Tells me the buyers are probably restricted and can't buy anymore, since they are probablyin negotiations with the company on something.
Swift has more than 4.26 Billion Equity
SFY’s Producible RESERVE at Oro Grande and Uno Mas is over 943 Million BOE, Total Liabilities and Stockholders’ Equity is over $4.26 Billion (Reference Company Q2, 2015 Earning Report, and August 2015 Company Presentation)
Company is a PRIME TAKE OVER TARGET, Swift Energy has over 23 TMC (940 Million Barrel equivalent) of Oil and NG reserves at Eagle Ford, Uno Mas and ORO GRANDE, Reserve volume is much larger than most of the countries entire reserves, the largest RESERVE in the USA. Company is a prime Takeover Target. I believe buyout offer has been already on the table and progressing