This is a poster known as sleepingoneoff who is mad at me for belittling him on the EGLE board long before they declared bankruptcy and I told him they would. He now spends hours of his life every day trying to get back at me. Sad. Note the clever use of the 1 instead of the i.
Two very big things to consider....
"As of September 30, 2014, we had 92,510,086 shares of our common stock outstanding compared to
29,040,975 as of December 31, 2013. The increase is mainly a result of the issue of 30,300,000
shares of common stock and the exchange 97,579 Series B Participating Preferred Stock into 5
9,757,900 shares of common stock during the first quarter of 2014 and the issue of 23,076,924
shares of common stock during the third quarter of 2014." So the results will be based on the full number of shares rather than 73 million in Q3
"...acquire all the outstanding shares of Samco Shipholding Pte. Ltd. ("Samco"), a private company incorporated under the laws of the Republic of Singapore. Samco owns and operates a fleet of seven very large crude oil tankers ("VLCCs") with an average age of approximately 4.5 years."
Means the operating fleet is 14 vessels instead of 7.
TCE rates were sharply up, but mostly towards the end of the Q. Q1 will benefit more than Q4 did.
She'd say you should not lie like you are when you say you are up on your puts. You didn't buy them until after Jan. 6th when SDRL was about the same price. And you shouldn't say you are up a factor of ten like you did when you aren't even up at all.
Wow. You continually prove you don't understand things you read. The traders putting oil in tankers have already SOLD IT in the futures market.
Not really. At today's capesize "rate" of $7803, an owner gets that much to offset the daily operating expenses of the vessel which they would incur whether the vessel was on a voyage or not. The charterer pays all the voyage expenses such as bunker fuel, port charges and canal fees. So if they get any money at all, it is something to offset the expenses. Sometimes in shipping, an owner actually takes a negative "rate" to reposition the ship, since the charterer pays the fuel bill. So you can actually see a negative number quoted as the daily rate. It happened with VLCCs a few years back.
Read the ensco report. As well as the ORIG report. In the ORIG report, they point out that 50 Gen 4 or earlier rigs have their contracts run out in the next year. Way more than the Gen 6 rigs that will be delivered in the next three years by some 13 rigs.
LOL! That was a call to buy you moron. What a life you must lead, constantly switching from one ID to another stalking and trying to harass others. You've been doing it for what, two years now? Wow. Sad. Carry on.
DRYS does not have $7 billion in debt. ORIG has most of that, about $5.5 billion of it. It lands on DRYS books only because they own over 50% of the stock.
You're pretty goofy wasting so much of your time with these message board games you play.
Economou flips drillship for tankers at Samsung
George Economou’s Cardiff Marine is contracting a slew of tanker newbuildings worth close to $500m at Samsung Heavy Industries (SHI) as renegotiations take place over one of four drillships the owner has on order at the yard.
Industry sources say the company has penned four suezmaxes and four aframaxes at SHI for delivery during the first half of 2017.