Eureka! What a revelation.
You are correct. Their contracts have nothing to do with the price of oil Renewals of the contracts will be based on the time of the new contracts and the outlook of the E&P company looking to take the rigs. SDRL has all new rigs that are state of the art.
It is not expected and it's one guy speculating they might. The company said they won't. I expect the analysts know more than the company about what they will do. No other drillers cut their dividends. BS.
Panas still gaining, now at $8472.
The ships are NOT losing money. Do you even know what the BDI is or where to view it? You are sounding very stupid.
Wow. You are being ignorant. Do you know how to compute fleet days? And the TC for Q4, assuming that's what you meant, are double Q3.
China growth on a "steep decline"? LOL! And the growth in ore imports next year as the Chinese miners wither on the vine will abosrb the newbuilds coming even with "steeply declining growth".
Wrong. Iron ore is double the volume of coal and the price of coal is so low that China will import more now. The tariffs do not off set the lower imported coal prices.
I need to go back and refigure some of this. I may have made an error in computing Q3 operating days, leading to a mistake in Q4. I think that 13 ships are correct, leading to 1200 operating days at $23k making total revs about $28 million, not $50 million. I did the math wrong computing operating days for Q3. It was more like 725 or so...
I think it is a chance they take. If not, why not phrase it as "we agree to supply whatever amount of shares required to equal X dollars" or some such wording. Like the ORIG shares given to the bank for collateral. The bank says they need X shares today. If the value goes up, their collateral increases in value, the opposite being true.