"After the pools take their cut."
Their tankers are not in any pools.
"As those Panamax of drys on spot.. Are leasing at $5.4K per day.."
They are not. Rates don't adjust daily.
"But a yr or so ago, good hearted ole Geo.. Did buy 2 of them back! "
No he didn't. These are just a few of your many lies.
Do NOT challenge this guy on dividends. Just listen, then research what he tells you and understand that he will be correct. Same with the BDI. Well, the OTHER BDI anyway…..
Then why does he lie and make up figures? He doesn't understand financials and doesn't understand the dry bulk industry. The only thing he is knowledgeable about is morning cocktails.
They have $1.5 billion in cash, a back log of $20 billion and banks clamoring to lend them money. Add a 10% dividend and the youngest, most advanced fleet and SDRL is a winner. Most that post about it have not done five minute's actual research.
You never posted once any interest in the stock before, yet you feel compelled to tell people you sold. And for a stupid reason.
This idiot gets the whole thing backwards. How can a person be so stupid? Not just wrong, but BACKWARDS!!! Idjit.
" In mean time.. I have learned a lot about them…'
No you haven't. You just make up stuff and you misread financials. You don't understand depreciation and cash flow and you are incapable of understanding the fleet growth slowdown while demand grows and it's affect on rates later this year. You are just a sad individual that seems to be immune to learning.
Where do these lying punks come from?
Hey, MORON, that's what happens when you buy $2 BILLION worth of UDW rigs. What an idiot.
"I figure since 2008, GE has averaged making about 1/2 billion a year, off Drys and Orig… "
This sort of comment is why nobody cares what you think. You are a liar and a fool.
If he actually knew anything about tankers, he'd know that a 12 year old is NOT considered old by any stretch. Rightships, the major tanker vetting outfit, automatically downgrades a tanker at age 18, not 12. And any inspection of NAT's vessels would reveal very high levels of maintenance. NAT will likely undertake fleet renewal when he time is correct, not when some newbie analyst says it's time. What a crock.
You haven't exhibited the slightest understanding of the dry bulk industry or the companies whose message boards you clutter up with your feeble thoughts. You don't even understand depreciation on assets with increasing value or consolidated earnings. You should shut up and quit wasting bandwidth.
According to a Euronav presentation, there will be one LESS Suezie at the end of this year, 4 less than that at the end of 2015 and one more less than that in 2016. I would love to read the Cannacord downgrade but would not pay for such drivel. I have read so many analysts reports over the years by half-sssed analysts that wouldn't know a tanker from a TANK that I just shake my head when I do read them. They mix up VLCCs and product tankers. They say containerships haul grain and ore. They think that ore travels FROM China. They don't know bunker fuel from bunk beds, for the most part.
I like that you want to buy puts. You suck at this. You were all bullish on DRYS at $6 when I told you that things suck in the sector and would get worse. Now that they are on the cusp of things going better, you once again have it all wrong.
And tanker rates will rise this year to levels far exceeding last year. Suezmax deliveries are way down compared to last and there have been several deletions. Only 10 Suezis on order for next year. This year, the orders from Rongsheng are very iffy.