Adding Some Oil To My Holdings
Energy is a need for humanity, and oil companies have been in the front lines benefiting from covering this need. So, how can I get a piece of it? Swift Energy Co. (NYSE: SFY) This company is a small player in the oil and natural gas industry but with huge potential to make my investment double in a relative short period of time. Swift Energy Co. had been on the wrong side of the industry, they were playing mainly on the natural gas (NG) and natural gas liquids (NGL). Now, with more and more operations on the Eagle Ford Shale they are becoming an oil company and moving away from the not so lucrative natural gas industry (as stated on their latest quarterly results ). This move is expected to materialize on the next few months. Although Swift's balance sheet is not very healthy with a current debt higher than the current assets and virtually no cash on hand. I still believe that it has the means to navigate through this transition. Once the sale of their Louisiana asset...