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Famous Dave's of America Inc. Message Board

glb1943 9 posts  |  Last Activity: Jan 11, 2016 1:13 PM Member since: Aug 24, 2015
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  • SA and OPEC may get oil prices lower than they ever planned. Can you say full tank for less than $ 20.00.

    Sentiment: Sell

  • Minneapolis StarTribune Daily Business section today ran a story saying North Dakota oil is now being sold at $ 27 bbl. Nobody is making a profit. SA and OPEC run just about anyone out of business and destroy jobs, investments and families. Why do we still buy oil from those folks?

    SA and OPEC may take oil to the $ 20 bbl level.

    Sentiment: Sell

  • The Saudi's may have taken their position one step too far. It may have caused commodity disinflation world wide.

    Some offshore oil drillers will file for protection and some will come back leaner and be able to survive at a much lower cost. On shore drillers will learn to operate at a much lower cost through much improved technology, drastically lower costs and improved efficiency.

    As other energy sources grow Brent crude may never go north of $ 50 bbl again. Even if the Saudi's and OPEC cut 5 million bbl per day other producers could make up the difference as prices move up. US, Russia, & Canada. The Saudi, OPEC and Russian mentality to protect so called market share is wide spread and probably can not be stopped. Oil could be below $ 30 bbl in 6 months with gas below$ 1.50 gal.

    North America probably should create their own pricing sphere to insure a constant supply at a reasonable price.

    Hope I'm wrong on this.

    Sold at a big loss to avoid more.

    There should be a disclosure below that states one is on the side.

    Sentiment: Sell

  • If oil continues to drop which five Off Shore drillers will not reorganize before March 31 2017.

  • Reply to

    Dividend

    by knowitall864 Aug 27, 2015 9:00 PM
    glb1943 glb1943 Aug 31, 2015 3:30 PM Flag

    Yes, NADL should not have more debt than one years gross income.

    Sentiment: Hold

  • Reply to

    Dividend

    by knowitall864 Aug 27, 2015 9:00 PM
    glb1943 glb1943 Aug 31, 2015 1:32 PM Flag

    Maybe ......... if oil returns above $ 75 and all NADL rigs are on long term contracts.

    Sentiment: Hold

  • glb1943 by glb1943 Aug 31, 2015 10:46 AM Flag

    No contracts for next nine months but minor extensions. Stock floats between $ .60 and $1.00. Speculation continues about merger back with SeaDrill parent. Third quarter 2016 - potential for 1-3 new contracts in North Sea area - possibly from Statoil.
    Sanctions off July 2016. New talks with Russia. Contracts uncertain.

    Sentiment: Hold

  • Slow climb back up from here.

    Sentiment: Hold

  • Reply to

    how long OIL will stay in the 30'is..?????

    by ivodirect Aug 24, 2015 8:54 AM
    glb1943 glb1943 Aug 24, 2015 2:46 PM Flag

    Agree. When it does the Saudi and Iran Oil people will be patting themselves on the back saying,
    "We won! We protected our market share" Iran will wonder how are we going to pay for the spare parts we need to keep our military equipment running? SA will be okay for a year or two and then possibly have to take a living standard cut. Hopefully The 500 people running this country from Washington will wake up, allow US oil companies to sell excess productions and establish their own market share. Hopefully those same folks will realize we are not driving 1950, 1960, 1970, 1980 cars and allow refineries built back then to be replaced so they don't have to shut down for maintenance and seasonal changeovers.

    Sentiment: Hold

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