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North Atlantic Drilling Limited Message Board

bobdbeck 266 posts  |  Last Activity: Jul 11, 2016 7:55 AM Member since: Oct 7, 1999
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  • American Capital (NASDAQ:ACAS) shareholders will receive $6.41 per share in cash plus 0.483 shares of Ares Capital (NASDAQ:ARCC) for each share of ACAS they own - a total of $13.75 per share at current prices. As part of the deal, Ares Management (NYSE:ARES) is providing financial support, will pay $275M in cash, or $1.20 per share to America Capital shareholders, and has agreed to waive up to $100M in fees over the ten quarters following the close.The deal is expected to be immediately accretive to ARCC core EPS, with potential for boosted dividends over time. It's also expected to boost NAV per share between the first and second full years after closing, and beyond.

  • Four Picks in Mortgage REITs Amid Low Rates

    New Residential, PennyMac Mortgage, Starwood Property and Two Harbors are sector favorites.

    July 5, 2016 11:48 a.m. ET
    Credit Suisse

    We expect that the mortgage real-estate investment trusts were able to generate a 2.1% total economic return, not annualized, in the second quarter, as book values were helped by rate moves toward the end of the quarter.

    Following the decline in rates this quarter and the move higher in shares, we view the risk-reward for the mortgage real-estate investment trusts (mREITs) as more balanced. With the lower-for-longer view more firmly entrenched, we see less risk of book value shocks to pressure stocks. At the same time, with the shares today at 91% of book value, we see less capital appreciation potential. The majority of the return should come from the 12% dividend yield.

    We continue to prefer the mREITs that have operating businesses that allow them to create and/or source differentiated investments -- this should help produce better risk-adjusted returns over time. New Residential Investment (ticker: NRZ ), PennyMac Mortgage Investment Trust ( PMT ), Starwood Property Trust ( STWD ) and Two Harbors Investment ( TWO ) [all rated at Outperform] are our top picks among our mREIT coverage.

    We have confidence in the sustainability of New Residential’s current dividend given call right profitability and minimal interest-rate volatility. The ability to make new investments with leverage can add to earnings power as well. New Residential’s servicing assets have experienced lower volatility in prepays than the broader market given a high mix of credit-sensitive loans. This should serve to support excess mortgage-servicing rights (MSR) returns in the current low rate environment.

  • Revised Analyst Roster May 18, 2016
    Analyst recs for NRZ:
    by bobdbeck • Jan 8, 2016 1:20 PM Remove
    ratings and Price Targets for NRZ;
    Thompson/Reuters: BUY, P.T. $17.55
    Keith Bruyette Woods/Steifel: Outperform, PT 15
    Bank America: Buy, PT 18.50
    Credit Suisse: Outperform, PT 17
    CompassPoint: NEUTRAL, PT 15
    Citi: Buy, PT 18
    Sterne Agee: Buy, PT 18
    FBR Capital Mkts: Outperform, PT 21
    Barkleys: Overweight (buy):, PT 19
    Piper Jaffrey: Overweight (buy): PT 16
    UBS: Buy, PT 21
    JMP (new) Outperform (buy), PT 15 (cowards)
    Zacks (last and least impressive): STRONG BUY, PT 19

    That’s13 ANALysts (if you count Zacks), 12 BUY ratings, 1 Neutral, and an approx median PT of 17.00. I'd call them ALL very reputable (leaving out Zacks)

  • bobdbeck bobdbeck Jun 16, 2016 6:32 PM Flag

    NYMT declares .24 divvy. Looks like they may have gotten their house in order. Picked up a small position in after hours. May spike in the morning as I think investors were waiting to see this declaration before entering.

  • for the period 4/15-4/30 will be reported on 5/11. Our interest is in the period from 4/30-5/15, which will be reported on 5/25. That is when we'll find out if this rally has been helped by short covering. May actually see an increase in the short position on the 5/11 report. BofA reported that current overall short positions in the US markets are well over $1 TRILLION dollars, the highest since 2008. They also stated that this is a contrarian bull signal as the markets have been strong and the covering of this massive position will continue to fuel the stock market rise.

  • Reply to

    OT: Thoughts of Shark

    by dividendhunter May 10, 2016 12:20 PM
    bobdbeck bobdbeck May 10, 2016 12:49 PM Flag

    I remember Shark well. I think he was the one who turned everyone on to the dry bulk shippers when China buildout was just starting.

  • Reply to

    Good day to take profit here

    by jkprice May 11, 2016 2:11 PM
    bobdbeck bobdbeck May 17, 2016 8:46 AM Flag

    You know mark, you're beginning to sound just like lakeed when he used to berate shark constantly. Since DH has you on ignore why don't you just do the same for him and then neither of you will have to read each other's posts. It's getting tiresome. Please take this constructively as we value both of your contributions to this board.

  • Court
    May. 16, 2016, 6:03pm by Nichole Wilson
    In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.

    The high court ruled unanimously that shareholders are not confined to federal court when seeking recourse for securities violations. Granting “due deference to the important role of state courts,” the Court reinforced federalist principles while clarifying congressional intentions to limit the federal government’s role.

    The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Court’s opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence.

    In 2012, businessman Greg Manning sued Merrill Lynch and other financial institutions in New Jersey state court for purposefully devaluing his company through systematic “naked” short-selling — a term used to describe selling a stock a seller does not own and has not borrowed. In standard short sales, traders either borrow a stock or make sure that it can be borrowed prior to selling it short in the hope that its value will fall before the transaction must be covered.

  • but I just sold a small (500) position in MMLP for a 30% gain in 10 weeks (+1 dist) and half my DLNG (1k + 1 dist) for a 32% gain in 7 weeks. Hope to buy both back cheaper on any pullback.

  • bobdbeck by bobdbeck May 9, 2016 2:04 PM Flag

    Credit Suisse today reiterates Outperform on both. GLOP target $20, DLNG target $15.

  • bobdbeck by bobdbeck May 27, 2016 4:02 PM Flag

    in GSL today after a miserable week.

  • Reply to

    If we see a late-summer Fed rate hike

    by bidenboners May 23, 2016 12:44 PM
    bobdbeck bobdbeck May 23, 2016 5:19 PM Flag

    It really makes no difference and it will only affect NRZ's business positively, increasing it's portfolio value by about $80-100 million dollars per 1% rate rises (as per Mike N. in 4Q CC).. Might affect traders but to long term holders here it would be just a blip and, as you state, probably a good chance to pick up some shares. The fact that talk is now running rampant that we'll get that rate hike within the next few months might give the market time to digest it's effect on certain sectors and mitigate any volatility in the market.

  • Reply to

    Price Jump

    by daniel_haitz May 4, 2016 3:19 PM
    bobdbeck bobdbeck May 4, 2016 3:49 PM Flag

    In most recent instances NRZ volume HAS spiked on earnings day and continues to rise for some time after. I'm beginning to agree with some other posters that NRZ will trade along with it's B/V in the foreseeable future. At B/V it is at the top tier of comparable REITs as I can't think of one that is trading at a premium to B/V. That's just fine with me as I consider NRZ my bond surrogate, at a higher yield.

    Hi Wally.

    Sentiment: Strong Buy

  • bobdbeck by bobdbeck May 9, 2016 9:56 AM Flag

    through $13 this morning. Hope it maintains it.

  • Reply to

    YUGE job miss

    by marklibera Jun 3, 2016 8:54 AM
    bobdbeck bobdbeck Jun 3, 2016 4:24 PM Flag

    Of course the numbers are all a jumble. The really unemployed, those that have "dropped out", those that are working 2-3 jobs to make ends meet, those that are making $10 bucks an hour vs. the high paying skilled jobs they can't find. THAT'S why I don't trust anything the gov't reports. They can juice the numbers to their liking. Anyone that really thinks the unemployment rate is 4.7% would agree that one of the candidates for president is as honest as the day is long. Sorry for that, I normally don't post politics.

  • Reply to

    AT&T divi

    by sarge198502 Jun 24, 2016 12:40 PM
    bobdbeck bobdbeck Jun 25, 2016 1:07 PM Flag

    Stagg, ya think? I've owned T for well over 30 YEARS. Long term, you betcha.

  • Reply to

    FRO is down in PreMarket

    by sarge198502 Jun 24, 2016 7:44 AM
    bobdbeck bobdbeck Jun 24, 2016 8:59 AM Flag

    Ive got 3 stink bids in this morning. SFL, AMID and DLNG. Got enough ETP but it's a great buy at current pre market price. Just mentioned yesterday by Credit Suisse in their 3 top MLP picks:
    These three look especially appealing now.

    Energy Transfer Partners

    This stock is still offering investors a top quality distribution and entry point. Energy Transfer Partners L.P. (NYSE: ETP) currently owns and operates approximately 35,000 miles of natural gas and natural gas liquids (NGLs) pipelines. It also owns 100% of Panhandle Eastern Pipe Line (the successor of Southern Union Company) and a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets.

    Last November, Energy Transfer Partners and Sunoco announced the dropdown to Sunoco of the remaining 68.42% interest in Sunoco LLC and 100% interest in the legacy Sunoco retail business for approximately $2.226 billion. Sunoco is expected to pay to Energy Transfer Partners approximately $2.2 billion in cash (including the expected value of working capital) and also will issue approximately 5.7 million common units valued at approximately $194 million. This completes the $5.7 billion total retail business dropdown in just over a year.

    Energy Transfer shareholders receive a huge 10.48% distribution. The consensus price target is $40.27. Shares closed Wednesday at $40.26.

  • Reply to

    SFL--cash to debt ratio

    by jkprice Jun 1, 2016 12:53 PM
    bobdbeck bobdbeck Jun 1, 2016 2:32 PM Flag

    jk: I took that out of yesterdays CC transcript. I'm sure you could go to the website and find that info on previous CC's transcripts.

  • Reply to


    by suadela24 Jul 4, 2016 1:00 PM
    bobdbeck bobdbeck Jul 4, 2016 1:07 PM Flag

    CAREFUL JANET, you're dealing with a preponderance of old, retired geezers on this board. :~)

  • Reply to


    by sarge198502 Jul 6, 2016 11:03 AM
    bobdbeck bobdbeck Jul 7, 2016 9:20 AM Flag

    Every day since last week I've moaned to my wife about missing my order on SXCP by THREE LOUSY CENTS. If I was at home when the market opened that morning I probably would have chased it up a bit. OH WOE IS ME!!!!!!!!!!!! :~(

3.500.00(0.00%)Jul 20 3:14 PMEDT