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BUYINS.NET: (SFY) SqueezeTrigger Price is $27.314. There is $101,774,464.00 That Short Sellers Still Need To Cover
Sep 01, 2010 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET / www.squeezetrigger.com is monitoring Swift Energy Company engages in developing, exploring, acquiring, and operating oil and natural gas properties in Louisiana and Texas. As of December 31, 2009, the company had estimated proved reserves of 112.9 million barrels of oil equivalent. Swift Energy was founded in 1979 and is headquartered in Houston, Texas. (NYSE:SFY) in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 3698200 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $27.314. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com.
From August 2009 to August 2010, an aggregate amount of 38866146 shares of SFY have been shorted for a total dollar value of $1,049,385,942.00. The SFY SqueezeTrigger price of $27.314 is the volume weighted average price that all shorts are short in shares of SFY. There is still approximately $101,774,464.00 of potential short covering in shares of SFY.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com.
Swift Energy Company engages in developing, exploring, acquiring, and operating oil and natural gas properties in Louisiana and Texas. As of December 31, 2009, the company had estimated proved reserves of 112.9 million barrels of oil equivalent. Swift Energy was founded in 1979 and is headquartered in Houston, Texas. (NYSE:SFY) Swift Energy Company (Swift) is engaged in the acquisition, exploration, development and operation of oil and gas properties located primarily in the United States and in New Zealand. During the year ended December 31, 2005, the Company had proved reserves of 761.8 billions of cubic feet equivalent. In 2005, Swift Energy's proved reserves consisted of approximately 51% crude oil, 38% natural gas and 11% natural gas liquids (NGLs), of which 50% were proved developed. Its proved reserves are concentrated in areas, including 52% in Louisiana, 31% in Texas, 16% in New Zealand and 1% in other states. The Company's core development and exploration project areas are the AWP Olmos area in South Texas, Brookeland in east Texas, Lake Washington in South Louisiana, Masters Creek in Central Louisiana, and the Rimu/Kauri and TAWN in New Zealand.
Core Operating Areas in the United States
At December 31, 2005, Swift owned 29,226 net acres in the AWP Olmos area in South Texas. These reserves are approximately 67% natural gas. At year-end 2005, the Company-owned interests in and operated 526 wells in this area, producing natural gas from the Olmos sand formation at depths of approximately 9,000 to 11,500 feet. Swift owns nearly 100% of the working interests in all its operated wells. During 2005, the Company completed 18 development wells in this area and performed 23 fracture enhancements. At year-end 2005, Swift had 118 proved undeveloped locations.
At December 31, 2005, the Company owned drilling and production rights in 78,535 net acres and 3,500 fee mineral acres in the Brookeland area. Swift primarily drills horizontal wells and produces from the Austin Chalk formation. The reserves are approximately 57% oil and NGLs. At year-end 2004, the Company had 11 proved undeveloped locations.
At December 31, 2005, Swift owned drilling and production rights in 17,352 net acres in the Lake Washington area located in Plaquemines Parish in South Louisiana, along with lease and seismic options covering another 6,400 acres. At year-end 2005, approximately 93% of the Company's proved reserves of 39.8 million barrels of oil equivalent (BOE) in this area were oil and NGLs. Swift has primarily produced from multiple Miocene sands ranging in depth from greater than 2,000 feet to less than 10,000 feet. In 2005, the Company drilled 24 development wells and eight exploratory wells, of which 16 development and five exploratory wells were completed. At year-end 2005, Swift had 87 proved undeveloped locations in this field.
At December 31, 2005, the Company owned drilling and production rights in 46,635 net acres and 91,994 fee mineral acres in the Masters Creek area. The Masters Creek area contains horizontal wells producing oil and gas from the Austin Chalk formation. The reserves are approximately 68% oil and NGLs. At year-end 2005, the Company had eight proved undeveloped locations.
United States Emerging Growth Areas
Swift has been focusing on the deep sands of the Frio formation (10,000 to 16,000 feet) in an area known as Garcia Ranch, which straddles the border of Kenedy County and Willacy County in the southern tip of Texas. As of December 31, 2005, the Company owned approximately 14,156 gross acres in the Bay de Chene field and approximately 7,032 net acres in the Cote Blanche Island field, both of which are located in proximity to Lake Washington.
New Zealand Core Operating Areas
At December 31, 2005, the Company's exploration permit 38719, which it operates included approximately 64,061 acres in the Taranaki Basin of New Zealand's north island. In April 2004, two other permits, 38756 and 38759, within the Taranaki Basin were consolidated with permit 38719 to form one permit area. This acreage includes Swift Energy's Rimu/Kauri area, the Rimu mining permit area Kauri mining permit area.
Since 2002, the Company has held a 100% working interest in petroleum mining permit 38151 covering approximately 5,500 acres in the Rimu area for a primary term of 30 years.
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
About SQUEEZETRIGGER.COM
WWW.SQUEEZETRIGGER.COM is a service designed to help bonafide shareholders of publicly traded US companies fight short selling. SqueezeTrigger.com has built a proprietary database that uses Threshold list feeds and short sale time and sale data from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short trades.
SQUEEZETRIGGER.COM has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly one billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, SQUEEZETRIGGER.COM provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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