Denbury also cut salary expense load;
'Additionally, two top executives, Craig McPherson, Senior Vice President and Chief Operating Office, and Charlie Gibson, Senior Vice President-Production Operations, have resigned, Denbury announced
It's better than you think, sparky. PGN just acquired specialized rigs for deep discount vulture pricing in Europe....can you spell accretive ? Not to be confused with cretin.
I loaded up on PGN with a basis of $4.56 and now PGN is acquiring specialized rigs at vulture pricing. LOL Thanks Noble, for spinning off the baby from the bath water. LOL
This is the kind of activity that reminds me of Warren Buffett circa 1962. Noble was foolish to jettison this PGN jewel.
Harold could acquire good hydrocarbons for deep discount; SFY
What we have left here are longs who can read a balance sheet and recognize the meaning of $24 per share book value. The short maggots drove this down to $5.86, but their powers have now been exhausted. There will be at least one super spike in natural gas prices between now and June 2017 when SOME of the debt is due. Being largely unhedged, with blowout Fasken production, and higher pipeline capacity, will generate profits well beyond analysts expectations. Texas will be exporting liquified natural gas soon enough.
You should have acquired some Swift Energy extreme value stock when your Permian bubble was still a bubble.
SFY remains the most extreme deep discount to book value in the Eagle Ford.
At what point does Norway wake up and invest in North American natural gas hydrocarbons ?
What about Muriel Siebert ? How dare you forget about Mickey ? Nice of her to float an IPO and run it right into the ground. Hey wait a minute, this is value stock Swift Energy board, corncob!
Swift Energy is trading at $7 (and change) with a book value north of $24.00 per share.
The mind reels.
Book value matters after all, and SFY is trading about about 1/4 book value.
EOG and other balloons trade at huge premiums to book value.
Try reading a balance sheet, tar sands!
Place automated sell orders on shares at LIMIT prices north of $16 per share. This removes your long shares from the house inventory. If your brokerages allows it, set the price at $35 per share, as one poster suggest is true value. Some brokers, don't allow sell prices more than $10 from the current price, so be careful to readjust at the gusher is ignited here. If every long reader does this, thousands and tens of thousands of shares, are deprived to the short maggots! The shorts have won many battles with Swift shares, but the war, my friends, is far from over. Long, strong, and patience are key. Book value $25 per share.
US Federal government has over $17 TRILLION in DEBT, but it's all due tomorrow, now is it ?
Swift doesn't owe a penny until June 1, 2017, then another slug 2020 and a final semi-balloon payment year 2022. The natural gas in the ground will be worth a lot more over time. I am glad the natural gas is NOT hedged. Severe winter, Putin, increased use of natural gas vehicles in America, export LNG Texas Gulf coast, other frackers cut back production, there are many reasons US natural gas prices can rise.
Shorts failed to cover at $6.16, which will prove to be the low of the decade.
Shorts also failed to hold Swift under $7.00 for the close.
This was no ordinary day. This was earnings day, with very high volume.
Shorts have ruled here for a long time. Today, shortie lost two battles.