so what else is new.. another independent oil driller from Texas.. I'm sure you guys are all thinking you've heard this rap before.. but SFY is a little different and worth the risk (and yes, it's a risky investment). Here are the reasons why:
Unlike other crazy drilling companies Swift isn't a micro cap - it's market value is around 2 billion dollars. It's also different in the fact that it has risen 47% in the last 52 weeks and not 4700%..
But the really interesting thing is that 20% of Swift stock is held short (!!) you may ask yourselves who the heck bets against a driller these days. This tuna is guessing that there are expectations of a tough hurricane season ahead. I feel this is a fare risk to take as most of Swift's wells are inland in Louisiana and Texas. Remember the thing about shorts - if shorters are loosing money they must close the position by buying the stock and sending it higher.
A look at the companies financials is just as cozy.. this is a well run company with ROE of above 20, and an industry beating 88% Gross margin.
All these lead me to reiterate my Buy rating on this company.
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