SWN has too much natural gas. It’s like toilet paper. Everybody needs it but can purchase only so much of it. SWN was playing Russian Roulette when they purchased 5.5B from CHK. It was up and over gambling. SWN needs to surrender. Cornwallis, Lee, and the Germans did it. SWN does not need another gas well.
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At this point sell for $3/sh and save embarrassment, if possible. Or hold fundraisers to pay the rent. Where will the SWN Xmas party be - Chucky Cheese?
"At the moment, there are a total of 31 analysts who cover Southwestern Energy Company (NYSE:SWN) stock. Among that group, 1 of them gave BUY ratings, 4 of them rated the stock as OUTPERFORM, 21 recommended it as HOLD, 4 set the rating at UNDERPERFORM and 1 rated it as a SELL. Looking at the big picture from the data above, the average analyst rating for Southwestern Energy Company is 3.00" so sell to who at $3/share?
Nah.. Besides, what’s one more hole amongst the rest?