Big Up SFY Move Today

[bearcatbob]

Any ideas why?

[dan_s]

Swift Energy (SFY) is one of our Small-Cap Growth Portfolio stocks. It has been trading at just over 2X CFPS for months. Maybe a large fund got my newsletter and took a hard look. First Call's price target of $21.50/share has not changed in a month despite a better looking gas market.

I am expecting a dip in production from Q1 to Q2, which should be the low for the year. 2nd half production growth should be strong. Strong results in the Eagle Ford would help a lot.

High trading volume today with a lot in the last two hours of trading. More volume tomorrow would be a good sign.

Swift Energy submitted a permit application to the state of Colorado earlier this month for drilling the first of two exploratory horizontal shale-oil wells in La Plata County. The Durango Herald reports that if approved, it would be the first instance of horizontal shale drilling in the county.

[bearcatbob]

Thanks Dan. A move over $15 would be most helpful to me.

[dan_s]

Swift's production was 31,314 boepd in Q1. I am forecasting a slight dip to 30,900 boepd in Q2 then a steady ramp up to an exit rate near 36,000 boepd.

If my production forecast is correct and natural gas prices drift up to over $4.50/mmbtu by Q4, then SFY shareholders should be rewarded.

BTW my production forecast is based on company guidance provided on 5-2-2013.

Hang tough with this one. It looks very promising to me.

I called then late last year about hosting a luncheon for us in Houston. I will try again.