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Hercules Offshore, Inc. Message Board

  • longtimefollower longtimefollower Apr 24, 2014 12:24 PM Flag

    Loaded up this morning.

    I think the negative reaction to yesterday's release was irrational. The earnings beat was much more significant than the revenue shortfall.

    I would be very surprised if we do not see one or more insiders come in here and buy in the open market.

    The proper trading price for this stock, imho, is $6.00-6.50.....not $4.30.

    Sentiment: Strong Buy

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    • good call. to me, the most interesting excerpt from Q&A: "From there still very optimistic I think the three year deal that we talked about is going to work, but it’s not done yet. But there’s good demand in West Africa. I think the outlook for the Resilience post its first set of contracts there, we’ve got, we’re building up some very solid activity, like we got about just between those two rigs there are if you count just a firm period of the contract, it’s almost 12 years of work and if you include the option it goes to 16 years of work that we’re focused on just on those two rigs."

      I donk know how onerous the hurdles are for permits in africa, but it doesnt sound too easy, but once you're in & dry some ink on contracts like that, this is for sure a target, imo.

1.220.00(0.00%)Jun 14 4:00 PMEDT