Swift Energy Announces: 96% Increase in First Quarter 2013 Net Income to $7.2 Million, or $0.16 Per Diluted Share
8% Increase in First Quarter 2013 Revenues to $146 Million;
First Quarter 2013 Adjusted Cash Flow of $72.6 Million, or $1.67 Per Diluted Share;
SFY
Re: SFY
Swift Energy (SFY): An updated Net Income & Cash Flow Forecast model has been posted under the Watch List Tab.
SFY is one of our Small-Cap Growth Portfolio companies. The stock is trading way below the fundamentals. This one could make a strong second half run, especially if natural gas prices keep drifting higher. Note that SFY sells all of its crude oil into the Gulf Coast Market at a significant premium to WTI.
Stock is currently trading for less than 2X my CFPS estimate for 2013.
SFY is one of our Small-Cap Growth Portfolio companies. The stock is trading way below the fundamentals. This one could make a strong second half run, especially if natural gas prices keep drifting higher. Note that SFY sells all of its crude oil into the Gulf Coast Market at a significant premium to WTI.
Stock is currently trading for less than 2X my CFPS estimate for 2013.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group