Summary
Southwestern recently divested its Fayetteville shale acreage.
This will enable the company to pay down debt and focus on its core top-tier Appalachian assets.
Meantime, basis differentials for Marcellus gas are improving.
As a result, SWN could be in the early innings of a turnaround story. It could easily earn $0.925/share next year.
Let's face it, Southwestern Energy (SWN) has been a horrible investment over the past five years. The stock has dropped from the high $40s to the current $4 and change. While I certainly don't see the company becoming a leader in the market any time soon, there are signs indicating that 2018 might be viewed as the year a turnaround started.
Source: Yahoo Finance
