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?
Year end 2012 reserves were 192.1 million BOE (barrels of oil equivalent). Production in 2012 was 11.7 million BOE. This indicates a "reserve life" of about 16 years. This is an excellent number. Many companies out there are struggling with numbers under 10 years, which actually isn't a bad number in itself. Numbers below the 7 X level are getting pretty risky. SFY's 16 years is a fantastic number. Present value of their reserves at year end 2012 was $2,300,000,000......yes that's $2.3 billion.
Will be interesting to see what level the reserves come in at when they report.
When Fidelity and similar institutions appear to be loading up on a stock......it's often just a case them putting that stock into various mutual funds and ETFs in amounts that are required to coincide with various indexes that the fund or ETF uses as a tracking device. I've run into this with some of my other holdings. Another one is Blackrock (Powershares) that shows up a lot as a major acquirer of shares.
Current average estimate is d .81, loss of 81 cents. This average estimate has been in place for over 60 days, so likely doesn't allow for the recent 22 million share offering.
Based on the previous outstanding shares of about 36 million, the .81 loss would indicate a loss of about $29 -30 million. This would seem about right.
If the now more accurate 58 million shares were used in this calculation, the loss would jump to about $47 million. This seems like a larger number than AGEN has been losing in recent fiscal years.
Perhaps some analyst updating is needed here of their estimates to account for the additional shares outs.
Take a look at SJNK.....it's an ETF that holds shorter (relatively) duration junk bonds. Moves around a little, but not a huge amount. Pays monthly and has an annual yield of about 5%. Usual junk bond credit risk and interest rate risk if rates take off. I think it's interesting but am not a current holder.
But Swift is trying to diversify away from natgas just like CHK and others. The properties up for sale are largely NG production and most of capex is going to Eagleford oil. Hard to pass up $100 oil when NG is the btu equivalent of $30 - 35 oil per barrel.
Someday all these companies may live to regret moving away from NG.
Great job guys. I was trading silver in the $19 - 20 range back and forth with good success using AGQ and USLV (ETFs). Now it made a nice pop over $20 and I was busy elsewhere and missed the latest move. Life goes on I guess.
This stock has staged a remarkable recovery. Raised outstanding shares from about 36 million to 58 million. Should have over $70 million of cash now. Offering raised $56 million.
Usually offerings that dilute this much will suppress a stock for several weeks, if not months. Looking good to me and still holding.
In @ 9.86. Minor concern that it could sell down a little to fill the gap. No big deal, 50 cents maybe. Like what I see here and is certainly a buyout candidate. Owned TOMO 3 or 4 years ago for awhile I think it was in the $3 area then.
Won't even venture a guess what price it could be bought out at.
Yeah....traded 150 #$%$ 4.15.....previous trade was 4.01. Total trading about 18,000.
I'm still holding IPCI. Bought it at 3.856. Also holding RGDX, BAXS, NAVB, AGEN, and MSTX. RGDX and BAXS are both under $2 and have revenues from test and equipment sales respectively.
Closed the day with 68% cash position.
Phil......you must be in the Carolinas I'm guessing. Just shoveled about 4" here in Green Bay. First snow here since yesterday...(:^)
Did sell one of my short ETFs (SDOW) for a small loss. Still holding TZA and SPXS along with 68% cash.
Futures were down about 75 DOW points this morning. Weak retail sales and employment numbers come out and the market falls almost 100 points
Now it's up 72 points.
Been doing well with SFY (Swift Energy) and small biotechs doing good today.
Dazed and confused...........
One of these days when we get the spike early in the morning the stock won't sell off. Will continue higher with stronger volume. This is one heck of a cheap stock and should be several $$ higher right now.
That all being said, I don't think the volume is there today to take us much higher. Someone is accumulating this stock very carefully building a good sized position. All just my opinion.
In all my other trades of SFY I would have sold this rally. Not this time.....something going on here.
Certainly made a nice recovery from its low for the day. Could have just fallen apart and dropped to the low 3.80s, but it recovered instead. Shows there's some interesr out there.
Kel..........a PATIENT holder
I always wondered about that SEC investigation. Weren't they investigating non GAAP earnings? I could see looking at GAAP earnings (for any company), but non GAAP can be anything you want to throw out there.
Now days, many company's non GAAP earnings are accepted as the numbers that are out there for earnings estimates. These accepted non GAAP earnings usually add back in what is written off for "acquisition related goodwill"........which is a non cash charge to GAAP earnings that is basically a write off like depreciation.
It's why you often see Yahoo listing an earnings number that is somewhat smaller than the number you see under Yahoo earnings estimates.
A few companies that do this are ABT, CELG, EMC, TEVA,.........but there are many more.