Swift Energy (SFY)

dan_s · Post by **dan_s** » Tue Oct 07, 2014 8:16 pm

An updated Net Income & Cash Flow Forecast model for SFY has been posted under the Watch List Tab.

SFY is now trading at less than 1.5 X 2014 cash flow per share. 3rd quarter CFPS should be at least $1.30 and my full-year CFPS forecast is $6.18. First Call's CFPS forecast for 2014 is $6.61, but what they now show for Q4 is way too high unless gas prices spike in November (which could happen).

Swift is going to report a dip in production from Q2 to Q3 because they sold 36% of their Eagle Ford (Fasken Area) to Saka Energi for cash + a carry on future wells. The deal shores up the SFY balance sheet.

Unless an E&P is heading for Chapter 11, it should trade for AT LEAST 2x CFPS.