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Swift Energy Co. Message Board

  • aruba270155 aruba270155 Jan 23, 2013 12:07 PM Flag

    Canaccord notes of today

    Swift Energy: A solid value proposal; transitioning coverage with a BUY rating and $27 target - Canaccord Genuity (17.10 )

    Canaccord transitions coverage of Swift with a BUY rating and $27 tgt. Co has a balanced, long-lived asset base with three core areas along the US Gulf Coast providing it with low-risk development and high-reward exploration potential. The South Texas assets alone have over 1 BBoe of resource potential on ~115K net acres prospective for the Eagle Ford (EF) and Olmos. Given its strong balance sheet, ability to obtain premium pricing relative to WTI, and attractive valuation, firm believes the stock offers a compelling entry point at current levels.

    Sentiment: Buy

0.152-0.008(-5.06%)Dec 18 4:00 PMEST