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Swift Energy (SFY)
Posted: Thu Jan 03, 2013 1:44 pm
by dan_s
Read what this guy has to say about SFY, then read my recent profile on the company.
http://seekingalpha.com/article/1088031 ... urce=yahoo
The share price got hammered when they announced some difficulty getting a couple of their Eagle Ford wells completed and a reduction in their capital program. IMO the market oversold on what I thought was not that big of a deal. Based on my forecast, SFY is now trading at just 2X my 2013 CFPS forecast.
SFY is up 6% today.
Re: Swift Energy (SFY)
Posted: Fri Feb 01, 2013 11:22 am
by setliff
in the past week sfy has had another selloff with very high volume. does anyone know why?
jim
Re: Swift Energy (SFY)
Posted: Fri Feb 01, 2013 12:26 pm
by setliff
blackrock has aquired >8% of sfy.
Form SC 13G/A SWIFT ENERGY CO Filed by: BlackRock Inc. 02/01 10:45 AM
--------------------------------------------------------------------------------
http://xml.10kwizard.com/filing_raw.php ... ge=8688030
Filed on: February 1, 2013
Re: Swift Energy (SFY)
Posted: Sat Feb 02, 2013 9:35 am
by bearcatbob
In addition to SFY being one of our favorites it is rated 4* by S&P and is out perform rated by RBC. With the current price around $15 there appears to exist a good opportunity to play this one via short $15 puts.
Bob
Re: Swift Energy (SFY)
Posted: Sat Feb 02, 2013 12:50 pm
by setliff
bob, can you elaborate? if you are bullish, why not buy equities or calls?
also, can you explain what you mean by "short ---puts"?
Re: Swift Energy (SFY)
Posted: Sat Feb 02, 2013 2:04 pm
by par_putt
Maybe with all the recent small oil companies stock being purchased by Blackrock, we should be purchasing Blackrock stock.
Re: Swift Energy (SFY)
Posted: Sat Feb 02, 2013 5:51 pm
by bearcatbob
setliff wrote:bob, can you elaborate? if you are bullish, why not buy equities or calls?
also, can you explain what you mean by "short ---puts"?
Well - the market is in a very elevated point. If I short - meaning sell puts - I can get cash now - and if SFY falls - I get assigned below the current market price. I want to buy stuff cheap. If it runs away from me - well great - I simply pocket the put premium.
Bob
Re: Swift Energy (SFY)
Posted: Sat Feb 02, 2013 6:12 pm
by setliff
ah so, thx
jim
Re: Swift Energy (SFY)
Posted: Sat Feb 02, 2013 7:25 pm
by dan_s
Selling Put options on the dips is a good idea. Just be sure you are OK buying the shares at the strike price. I do it a lot.