Bought some SFY (Swift Energy) @ 10.56. Still about there after 3 hours. Have traded SFY numerous times with mostly good results.
Will do a little shopping now. Will look at some of J-man's suggestions for yield. Still have 67% in cash right now. No short ETFs at this time.
Market cap is only about $225 million now, about 4 X what this year's sales might be. Also just slightly over 2 X what next year's sales are estimated at. Anything up to $3 would be a very cheap price for an acquirer. A more sensible price would be in the $5 - 7 range before the end of 2015.
Just my opinion.....................Kel
When all the wells are drilled and the price hedges come off. Later this year through 2016 things will change. Better to be gone sometime before that as smart investors look ahead and don't wait for events to happen. They anticipate the negatives before they arrive.
Kel..........a former holder
NASDAQ site says 480,800 shares traded at 4:44 Eastern time @ $1.37. After hours high and last trade. Is this a fluke or something? Anyone know?
That's the estimate that's been up there for almost 2 months. Could be revised. No analysts asked any questions at the quarterly conference call. Maybe we lost our only analyst.
Average daily production about 410 - 415 BOE (barrel of oil equivalent). Better then I originally thought.
Interest charges have to be overcome with more production though.
What I noted about TMV.....on a one year chart the stock is near what it was when the 10 year (symbol ^tnx) was 1.6% a year ago. You'd think TMV would be quite a bit higher.
A one year comparison chart really shows how badly TMV tracks over an extended period of time. Didn't look at TBF.
Glad that I've had the will power lately to stay away from TMV, an ETF that rises when the 10 year rate rises.
Did some long term charts on it compared to the 10 year and it loses value quickly if rates are flat. One to play with for the very short term only.
I think you make good points. They are things I'm watching out for. The competitive landscape for "new investments" has certainly changed. Some, like PSEC, are so desperate for high yields to sustain their dividend that they have 'diversified' into businesses that are highly leveraged themselves, like apartments and finance companies.
You may be a little early, but better early than late.
The Street opens its mouth and proves how ignorant they are. Is this all they can come up with? What a joke.
Kel...........a holder (who's not concerned about a .15 drop)
Also sold some T today. Made about $4 since early March. Their growth estimates look anemic. Also may buy Direct TV for $50 billion. Cut it loose.