Eagle Ford acreage on deep discount shelf via Swift Energy; SFY.
Market capitalization is 1/2 net tangible assets. I challenge you gas bags to find a better VALUE in the energy patch!
The recent zaza ra-ra must be incapable of reading a balance sheet.
Here is some fun math for the wiz to seek....market capitalization of zaza is over $100M and yet net tangible assets are NEGATIVE $76 MILLION. LOL
Got value eagle ford SFY ?
The market cap of Zaza is an outrage and when it gets closer to true value ZERO (as in Zaza) I might go away. In the mean time, learn to exit zaza in favor of SFY. Otherwise, you are nothing but patsies!
Swift Energy is the most extreme value stock in the eagle ford; SFY.
Zaza has huge negative net tangible assets.
Can you even read a balance sheet ?
SFY and other companies with positive net worths are on the rise today.
The marketplace has a way of sifting through the balance sheets and throwing out the wart hogs.
THey should be using their bloated 'currency' to acquire eagle ford on sale = SFY
Don't believe me, read Swift Energy balance sheet.
Your management has thin skins, which is why they are unwelcoming to a 20% shareholder and have wasted millions on worthless proxy wars to prevent that shareholder from acquiring more stock. What kind of public company doesn't want their stock to be bought ? Why is CBRL afraid to allow BH 2 seats on the Board ? Thin skins and incompetence in Lebanon, Tenn. Proxy wars to prevent a large shareholder to have Board seats is a waste of capital by entrenched weak management. Why was capital wasted on a proxy war to prevent a special dividend. CBRL 'management' may be winning the battles, but BH is winning the war, because the stock position has greatly increased in value, and BH collects MIllions in cash dividends Every year from Lebanon, Tenn. LOL!
SFY is trading at 1/2 book value and even half of net tangible assets.
AXAS people should be converted.
How can Pioneer management sleep at night with an untapped $24 BILLION market cap, that should be put to use to fully acquire eagle ford ?
I ask ya?!
what's wrong with natural gas? the price has moved up sharply recently :)
SFY is trading below net tangible assets