SFY Updated Forecast

[dan_s]

Swift Energy (SFY): An updated Net Income & Cash Flow Forecast model has been posted under the Watch List Tab. It has been adjusted to agree with recent company guidance, which can be found on their website.

SFY should generate over $7.00 cash flow per share this year, which it has done for the last two years.

It sure would help if they get a good price for their Louisiana asset package.

I would not read too much into today's share price action. All of the Sweet 16 and most of the small-caps are down today.

Q4 results and year-end reserve reports are needed to move these stocks higher. We still have a couple weeks to wait. 4th quarter results are going to be solid and (if today's commodity prices hold up) the Q1 results will be even better.

Note that I am using $3.50/mcf for gas in my forecast models. If I raise it to $4.50 for SFY, their EPS jump to almost $0.90/share for 2014.

[k1f]

FWIW: Barclay's has downgraded SFY today to "underweight." Mkt seems to be ignoring
the news so far.

[setliff]

i think that downgrade happened yesterday.