J-man........earnings come out next Thursday, Feb. 27 pre-open. Announced last fall they would shop some of their non core properties in Central Louisiana. Possible catalyst there. Earnings may come in above expectations due to strong oil and ng prices. Natgas is about 60% of production. Stock is selling at about 50% of book value and about 2 X cash flow, both very attractive levels.
If I recall correctly, the properties for sale were around 50 -50% natgas / oil production, 20 mil BOE equivalent of reserves, and "potential" of 160 mil addl barrels of reserves. The value of this property has to be rising with ng prices advancing and oil staying high.
Maybe the cash flow from this property is making it worthwhile to just hang onto, unless they can get a worthwhile price.
Swift Energy....added shares @ 12.32. previous buy @ 11.88. Largest holding now in my IRA account, more than double anything else. I guess you'd say "all in" for me with SFY.
Added more @ 12.326. Previous buy @ 11.88. Now the largest holding in my IRA Account, more than double the allocation of anything else.
Kel........an enthusiastic holder
In the Oct. 31 Q3 report they said that 40% of natgas production for Q4 was hedged. Some oil was hedged for Q1 of 2014, but no mention was made of NG being hedged for the current operating 1/4.
SFY has been very quiet. They might be booking some nice profits for this 1/4 (and some for the last 1/4 as well) due to the gradual rise in the price of NG.
Earnings report out pre-open on the 27th. Will be interesting.
WI-fish......they stated in the 1/4ly report that they have cash of $6.1 million as of 2-18-14. They said this was enough cash to fund operations until November of 2014. Not sure exactly how they know how much will come in from licensing between now and November, but that's what they stated in the SEC version of the report.
Maybe they read all the brilliant posts here about the BILLIONS in revenues when analysts are expecting about $150 million for the 4th quarter. Ran out and bought a bunch. Maybe some of these ridiculous posters talked themselves into an afterhours market order. Fools.....
SFY is fine and it'll go higher on its own without any help from the ultra-pumpers.
The $3.1 million they just received was for sales through Dec. 31. So it looks like approx $1.5mil for the last 12 days of November and about $1.6 mil for the month of Dec. You are probably right about some inventory building.
That's the revenue that fell into the November quarter for licensing revenue from initial drug sales. Extrapolate those numbers out to a 1/4 (90 days) and revs will probably be over $10 million, and maybe much more. Remember, that 12 days of rev was for the initial launch. Sales should build as time progresses.
I bought some PRAN this morning at 8.08. Dipped to its low for the day right after I bought it, then took off. I held / traded PRAN for about 3 years, but have been out of it since this past August in the $5 area. Has since been up into the $13s.
Any thoughts on why these 2 are so close to their 52 week lows? I don't have a real good understanding of cell phone plans and the direction things are headed in this business. Looks like VZ estimates are for a 10% profit gain in '14 with a 4.5% yield that gets raised every year. Almost too good to be true..
Any help is appreciated..........Kel
Idiot pumpers with their TOTALLY unrealistic revenue numbers. You guys ever hear of credibility? You have none. SFY doesn't need your help with such BS. Their doing well on their own and the stock is still a bargain at 12.50.
By the way, with the rising natgas prices, the properties they have up for sale are worth more $$ every day.
SFY = a stock at 1/2 of book value and at 2X cash flow.
No!!!!......IPCI down a few cents. Welcoming new investors. Notice what MYL did today after Forest Labs got bought out. This is a HOT sector. Added some PRAN to my biotech stable today. Been there before. Good Phase 2 results in Huntington's and Alzheimer's.
Looks like some updating was done recently. The next 2 quarters have a range of .25 - .28. The full year has a range of $1.01 - 1.09, with an average of 1.04. Nice to see that even on the lowest part of the estimate range the dividend is covered.
where you coming up with these totally BS numbers?