This is going to be an amazing company, although I think most of you may have missed the boat. But peep this article from MarketWatch:
"Southwestern Energy Co. (SWN) said that it will publicly offer 7.3 million shares under its existing shelf registration statement. The Houston-based natural gas company said it will use the proceeds to pay down debt and to fund increases in its capital budget. Southwestern will raise its capital budget by $60.7 million, to $499.5 million, with the new funds targeted for the company's exploration and production business. Southwestern raised its 2005 production forecast to 62 billion cubic feet equivalent to 64 Bcfe from its earlier estimate of 61 Bcfe to 63 Bcfe."
Nice way to get dept free and multiply your budget by a factor of 8.
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