A positive move and no response... you are the guy that will wait for negative results and then say I told you so...you are an easy read...your past comments give you away(not just the recent ones...read them..we all have). This is a business that is being built with billions of dollars. Think big or go home!
Earnings estimstes have dropped dramatically for 2013 and 2014 and you guys just magically think the stock is going to go up because you hold long term. Just because you drop ships in the water to add up to value if your over paying for ships or financing is to high. The market is telling you they dont expect vtg to grow at 1.82.
And once and once, and once....we were supposed to be profitable Q4 and now were looking at 6 cents all year. No, after what happened in Q4 i dont plan to hold this company long term since the balance sheet was altered significantly and were still bleeding book. Im sure Bragg didnt draw it up this way but Titanium blew us up. Also, not happy with corporate governence which is the biggest complaint from buy side analysts i have talked too. Not worth spending 1k to go down there for a day. If things were a little different and this company had a different trajectory i would be there. Even fidelity and wellington selln heavy now which tells you alot since they held for 5yrs. We failed on the early refi and Titanium and it shows.
Hopefully we get some suprIse where maybe SDRL or Rowan buys a small stake or buys shares from SU to put us on the radar again. Yes, titanium update and Finalizing Tungsten would help us out here. I assume, given the pressure on liquidity right now its possible we had to sell shares to raise cash, hopefully to a new strategic partner. Could happen especialy with an early meeting like this. I also assume because of the severity with Titanium we cant finalize Tungsten until we are drilling again. Big move here in 5 days so something is cooking.
And once they refi earnings estimates going back up ! I expect earnings beats every QTR ! 2'nd half of 2013 will be much better and BIG earnings beats... Jackup rate increases and 2 more ships in the water DO HELP ALOT WITH BIG FAT CONTRACTS... +30 million profit per ship every QTR ! Will see... Maybe a update on Titanium & Tungsten tomorrow...
You going to see Braggs tomorrow or do you just like talking begind someones back ?
Posirive move? This is one of the few stocks in the R2000 index down for the year. We have seen major underperformance all year. Bragg wants 45mm shares for incentives for blowing out book value and your critizing me. This is about money, get a hold of yourself.