Goodrich share price is over $28 compare to $13 of the Swift Energy
Swift energy has been producing three to four times higher Crude and gas and making profit compare with Goodrich. Swift Energies' Niobrara Shale field is a pure crude oil play with a huge OIL Reserves compare to TMS. If Goodrich stock price is fair than SFY should be well over $70 per share.
In the end, we will correct to higher valuations that are inline with the industry.
Previous management practices spooked the market and I think that they took note internally and cleaned things up.
In a sector like this, you can't fight math and as we grow towards profitabilty, the street will notice.
I'm thinking that $18 by summer's end is totally doable.
The Company is already operating profitably. The JV with the gas properties was announced. Waiting on the potential sale of the Central Louisiana properties.
The only reason the stock trades as it does is because of the heavy short interest at close to 40% of the float.
The valuation is significantly undervalued by all metrics in comparison to other O&G producers.