The time to buy...Hate is not the opposite of love, apathy is. The indifference now accorded SWN and each positive news release is--to me--an indicator that SWN is about as unloved as a stock can get.
IMHO, the only impediment to buying here is one's stomach--i.e., FEAR. Unless you believe the stock is destined to continue to head to zero (and, c'mon, with this asset that's not gonna happen), now is probably a good time to buy.
Sure, SWN may grind lower in the short term. It is that fear--on top of the 75% decline already off the high--that creates bottoms.
One can either decry and lament the condition resulting from those selling here (a surreally low stock price) or take advantage of it by buying more. I am long and strong SWN (22% of the portfolio), having bought more than half of the holding recently in the upper .40s. It may not be a "get rich quick" stock, but I believe it's a great investment.
For those who haven't yet bought, or who have sold: If you're not buying now, at what point would you buy? And, how might you feel if this stock goes up without you?
GLTA!