Wake up, silly. The whole stock market is tanking, and stocks like this are naturally more vulnerable. It has nothing to do with the earnings.
I have been in for over a year and SFY has been a never ending enigma. My only conclusion is that the short term traders both long and short can easily move this low float stock in either direction and keep skimming off consistant gains or losses. This would appear to be an ideal stock for a
bidirectional algorithm and fast computer generated trading. Not spectacular moves but consistant and profitable. I still believe that in the long term the value of the assets cannot be supressed as it
is often less risky to buy reserves than to explore for same.
Idiots sold around 250K at the opening of the market by hoping to create panic to drop the price cover their short positions. Bought 3000 using this opportunity, if it goes down can buy additional 5000 more.
Same is here, based on Fidelity recommendation and earning results I am buying. This is a great profitable company
Shorts can not control it anymore, results are excellent. This is going to be well over $35.
24% Increase in Second Quarter 2014 Production to 3.45 Million Barrels of Oil Equivalent
24% Increase in Second Quarter 2014 Adjusted Cash Flow to $90.0 Million;
20% Increase in Second Quarter 2014 Net Income to $8.0 Million, or $0.18 Per Diluted Share
As of 4Q2014 it won't matter that they don't sell it because cash flow will cover company wide costs including capex.
The Company continues to work with a prospective buyer for all of its Central Louisiana properties, but it is uncertain when or if this transaction will occur. The Company’s motivation for selling these assets was to reduce short-term debt and improve its liquidity profile, both of which were accomplished with the closing of the previously announced joint venture in its south Texas area. At this point, if no sale of these assets were to occur, the Company anticipates investing a limited amount of capital in 2015 in low risk projects to maintain the value of these assets, while evaluating future alternatives.
This is exactly why I have been out, and will continue to be out... How many quarters has it been "in the process or next quarter to be completed" Some assets are way overvalued like this one. Still keep the stock on my radar but im just watching at this point. Could be a good long long term play but for the time being im out and watching
6:05 EDT - Amid a 24% jump in 2Q output, Swift Energy (SFY) gushes past consensus views as the oil-and-gas producer also increases 2014 production guidance. Leading the way was the company's Eagle Ford shale holdings, where SFY's daily average output surged 71% on-year. The results are welcome news for shareholders who have seen the stock slide 9.8% in July, including 2.4% this week. Expect a relief rally today. SFY is inactive premarket.
06:06 SFY Swift Energy beats by $0.14, beats on revs; raises production volume guidance (11.71 )
Reports Q2 (Jun) earnings of $0.18 per share, $0.14 better than the Capital IQ Consensus Estimate of $0.04; revenues rose 9.3% year/year to $155.7 mln vs the $138.54 mln consensus.
Swift Energy's production increased 24% to 3.45 million barrels of oil equivalent duing the second quarter of 2014, when compared to second quarter 2013 production of 2.78 MMBoe, and a 17% increase over first quarter 2014 production of 2.94 MMBoe. This production growth was driven by the Company's Eagle Ford properties in South Texas, where second quarter 2014 production from the Eagle Ford formation was ~26,600 barrels of oil equivalent per day, an increase of ~71% compared to second quarter 2013 levels.
"Based on the results of our first half 2014 operational efforts, we are increasing our currently estimated production volumes for the year from a range of 31.5 -- 32.3 thousand barrels of oil equivalent per day ("Mboe/d") to a range of 32.6 -- 33.2 Mboe/d. We also believe we can grow our 2015 production to a range of 34.5 -- 36.2 Mboe/d and align our anticipated cash flows with our capital investments."
GDP Rating is 0.6 over 10, GDP Rating is Very Bearish, GDP has 3 Neutral ratings, 1 under perform rating and 5 Sell Ratings
SFY Rating is 7.2 over 10, SFY Rating is Bullish, SFY has 1 buy rating, 2 outperform ratings, 4 neutral Ratings and 1 sell Rating
Rating for Encana is 9.6 over 10, Encana Rating is Very Bullish, it has 2 buy ratings, 2 outperform ratings and 3 neutral ratings
I think some major such as Statoil/Talisman is going to buy this company. Only the value of Eagle Ford is exceeding 2.81 Billion dollars, Niobrara, Central Louisiana and Lake Washington are also as valuable as Eagle Ford.