The content is still valid, the 2 recent equity raisings staved things off but were highly dilutive, the equity raising JF said he would offer "the solution to there problems by June" came and went with NO solution story. SDRL is a dead man walking and yes JF can buy out bonds and save them from bankruptcy but at what cost to shareholder value.
I get the feeling he is just procastinating, he should have as the trial goes collected the data and by 1 week after trial organized it and 2 weeks after trial made the draft report and 3 weeks after trial proofreads for inclusion of all info necessary and finalized. Clearly this at this point is more about his worrying about repercussions of decision than creating it.
I got that from Dow Jones - Latest News Headlines for Western Refining Inc
Paul L. Foster Reports 18% Stake in Western Refining *
Wednesday 07/06/2016 06:20 AM ET - Dow Jones News
DHT website has June Presentation looks like through May is at least $40,000 and they have 42% on charters at $42,500 for Q2 and Q3 so while the temperary drop with oil dropping big then demand will go back big time - I bought twice today.
on website they seemed to not be forthright about explaining the merger results - hiding the option about CASH only of $26.06 - I think the in the know insiders went that route because its obviously better yet over 21% of investors did not specify their option and got a default selection really screwing them - I just think some shady stuff went on - still hoping WNR turns around and goes up because IM way under water.
You can forget injunction - too much political pressure - my point and I think the Judge gets it is he HAS TO go easy on Apple because they got clout and he will want them to agree to the penalty, because if he goes hard on them then the CIRCUS of delays and shenanigans WILL continue and that benefits no one - look VHC is a 210 million market cap now which is laughable.
has 18% of WNR shares, last sold 164,328 shares for $46.04 per share on 8/28/14 ( wish I had sold then ), and last buy on May 12, 2016 of 250,000 shares at 21.53 per share - so hopefully our current share price will go up.
The extraordinary low interest rates and easy credit created a bubble and net asset values dropping hard is the result - just like in Drybulk vessels and water based oil rig companies - each day you get a better bargain means you are getting an unwanted and unneeded asset. On the plus side - the selloff yesterday is making buying this stock cheaper, at a time where oil is getting cheaper again thus potentially spurring Chinese demand - so just buy in small quantities until new trend is confirmed.
Oil tanker stocks have been on a definite decline while the actual price of oil has been going up, so we should expect that now that oil prices are going down that oil tanker stocks will head back up ------ why, because with cheaper oil the bunker cost for the shipper is less and the incentive for China to resume buying "cheaper oil" is there, also with the assets - ships - valuations going down recently accordingly we would expect less activity in buying more new ships. There is a lag so my point is I think we have bottomed and heading back up.
Sentiment: Strong Buy
My purpose was to express my opinion that the parent GLNG is a bad investment while GMLP the drop down received the bulk of the revenue thus can sustain a good dividend while GLNG has little going for it.
It is the same - Clinton guilty but the penalty phase is no penalty, while with Virnetx we dont know yet what the penalty is however at a market cap of 1/3 the original penalty without even a willful penalty the market is clearly saying the Judge is going to REDUCE the original penalty which would less resistance from Mr. MONEYBAGS - Apple as the Judge clearly wants to finalize the case not extend it by more appeals which is expected on any major penalty. Time will tell but thats what I see from the market.
You dont get it - its the low I repeat extremely low interest rates that are intended to spur on the economy when in fact that artificial - meaning abnormal - stimulus has infiltrated almost all areas of the economy which has rendered an excess of iron, copper, dryships, steel, potash fertilizer, oil rigs be it on land or water, etc. so when supply exceeds demand yields cutthroat low rates for example dryships operate for about 5 years now at rates that dont break even, think about global competition from Russia, China, Japan, Africa, India, Brazil all wanting to compete creating razor thin margins or losses - even refineries went from huge margins a year ago to thin margins and I can name three refining companies that lost money in the 1st Q of 16, which were very successful only a year earlier.
Sentiment: Strong Sell
Are you saying Democrats are the fair and honest ones - wow - how naive.
But Hillary Clinton per FBI director was extremely careless but recommends NO PENALTY, so thats the political climate we are in and dropping share price says investors have NO CONFIDENCE in the legal system as like TRUMP says its RIGGED and thinking that APPLE cant RIG this outcome may not be WISE. The government this last 8 years is #$%$.
I was early - today drop to $5.07 as the recent Price of $4.77 conditions in the market resurface when things get worse the QE will come back in to prop up the stagnant economy and will fly and time to sell and repeat in the trading market we live in.
because of no dividend, massive debt, and weak demand - they are expanding like no tomorrow at a time when demand is dropping like a rock - they got too greedy and thought that the high prices would last forever just like in drybulk and if everybody buys ships and demand decreases your ships value plummets.
Sentiment: Strong Sell
The double digit drop is because post brexit the demand is less thus why potash, oil, natural gas, and other commodities are becoming cheaper and why interest rates are near zero - if no demand it will keep dropping just like the drybulk debacle.
Sentiment: Strong Sell
Hey Carl - whats the speedy Judge timetable look like ?