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Swift Energy Co. Message Board

  • aruba270155 aruba270155 Feb 25, 2013 9:54 AM Flag

    an interesting note from the CC

    Analyst question:
    I just kind of back to the JV issue, there seems to be a massive disconnect between what sell side now models say in your outlook, if I try to dissect that, the thing that kind of keep someone back when you talk to various people as a management credibility issue. And if I think about the JV, how does the JV bridge that management credibility issue, because the value of the assets are there. By doing a JV is not going to help your creditability, and why not considered as a strategic alternatives for the whole company and your stocks down 13% today on production outlook that was significantly less and what the street expect and I know you did producing more CapEx this year, but it still you say one thing one quarter and then something else happen to the next quarter whether it's bad luck or management execution I'm not sure, but I guess would you just address that point please?

    Sentiment: Buy

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    • reply by the President: Bruce Vincent - President
      Well I do think as to the strategic joint venture in the Eagle Ford would validate the value of the Eagle Ford compared to what the market’s value in it. Secondly, I don’t think the appropriate time to look at strategic alternatives, is when your added significant low point in terms of valuation.