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Swift Energy Co. Message Board

  • mswanson45 mswanson45 Jul 26, 2012 4:19 PM Flag

    Volume picked up late today

    Just in case anyone is on this board.

    Looks like we have some positive momentum going into tomorrow. Hopefully we can start moving up before the Q2 Earnings.

    Also, reviewing their latest presentation - their Oil Hedges are all up around $100 so as long as their production rate is not interrupted - the earnings should be on the high side of guidance.

    FYI - I am long with 3500s price between the $16.95 and 17.70.

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    • Sold half of my position today - great run up.
      I will look for a monday pullback to buy back or maybe see if KOG, SD, CPE, or SU provide a better entry point.

      good luck to all of you longs.

      cash over the weekend is a nice position to be in.

    • Good run up on very little vol. 370k in 4 hours. The last hour of trading yesterday trade 300k shares. We may be seeing some short covering going into the weekend. Plus the Europe BS is slowing down to dull roar - just like last year with a major drop from Apr-Jul, then the US Gov screwed us last summer with the debt ceiling standoff. Hopefully we can get past Aug with no major blow-ups.

      And maybe Iran will flare up and we can really see a pop in oil prices.

    • No SD, but have SDRL, HERO, KEX and some mining stocks. and volatility calls.

      I'm tempted to just sit out on the sidelines. I really think the world has gone bonkers.

    • I just have to wonder if this is pricing in an expectation of lower revenues/lower earnings for Q2? Everyone expects losses and is acting accordingly. We won't know anything until 8/2, but based on the activity in some other holdings, I suspect the news doesn't look good.

      I'm tired of getting beat up.

 
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