"North Atlantic and Rosneft rushed to sign five-year contracts for six offshore rigs at the end of July, just days before the European Union broadened sanctions against Russia to target its energy sector directly. Seadrill, which owns 70% of Hamilton, Bermuda-based North Atlantic, said at the time the contracts appeared not to be affected by the restrictions.
“We have to be open” to the possibility that the contracts could be in breach of existing sanctions, Seadrill chief financial officer Rune Magnus Lundetrae said in an interview in Oslo.
“It’s not game over yet. It’s terribly difficult to give a very good answer.”
"Private capital should not be pawns of filthy politicians."
You seem to have it backwards. Politicians, especially in DC, are bought & sold by private capital. You don't actually think they represent the people who elected them or that they're capable of making decisions without first checking the billionaire who owns them.
It must be fun to be so young & naive.
"it is Sept, with Oct on it's heels. "
It's inside information like this that make the subscription price for Yahoo well worth it. Any idea what's likely to follow October or are you on the sideline about that too?
"On the sidelines for now"
The bench warmers' euphemism for glorified "water boy."
"Seen it all before."
Golly, you're so old & wise and the only one who's ever seen stock prices go up or down before. Admittedly you've probably had more experience buying & holding stocks with continuously falling prices, but being a frequent-loser doesn't mean you're especially prescient when it comes to predicting what's going to happen in the market. People understand this will be volatile and SDRL is facing both industry & headline risks, but they're not about to go out of business and .you can trade the stock rather than investing for a lifetime or pick a near bottom and ride it out.
I suppose now whether it goes down 50 cents or 50%, you'll be telling all the other kids in detention how you alone knew that drilling companies were under pricing pressure and that the sanctions would impact SDRL. Stick to the Magic 8-Ball and the Ouija board. at least they are right some of time and far less annoying than you.
And it seems, now that the secondary is understood, that the market agrees as well. Volatility isn't the enemy. In the right circumstances it's your friend.
"No, they are happy to buy more shares because they are not idiots like you"
Now, now. It's idiots like him who over-react and make it cheaper. No one doubts that the drillers are facing headwinds and the US/EU sanctions will have some impact, but drilling isn't going away.
Many people can quote the saying that you should buy when there's blood in the streets, but then as soon as there's blood in the streets they gather up their skirts, start squealing and run for cover.
I reduced my position awhile ago, but the dividend and the longer term prospects (i.e. longer than two or three weeks) are becoming increasingly attractive. Of course there's risk, but there's commensurate potential reward. As the number of idiots become more vocal, the risk/reward prospects look even better. Soon...
I agree. It's a question of a short-term supply imbalance of a thinly traded stock, nothing to do with fundamentals, which are still quite good.
Look at some of the bids for the calls out in December or March. Still quite strong.
Cramer has a buy, hold and sell recommendation out simultaneously on every stock traded. He can't be wrong. And yet most of time he is.
A quick survey of N16M15's posts on many DIFFERENT boards reveals his in-depth analytical skills. Most of these one-liner quotes represent the total of his posted thoughts on each different stock:
GTLS is still way overvalued.
Not a good sign for AME.
We all know what happened last time...Crater.
Not a good thing.
AMZN revs. would crater if they had to run their business the same way most other retailers
Classic Wall Street setup.
When they all decide to move out of NOV....LOOK OUT BELOW!
3 months from now this thing will be trading AT LEAST 10-15% LOWER.
Last gasp money grab and then ZERO!
"I have been in South America"
I've been in Asia recently and the Internet and television are still working fine here.
Why were you cut off from the news?
Were you in some fly-by-night tourist trap?? "Banged up abroad"??picking coffee?? contracting out as a mule??
From $4 to $9 ??
The Morgan Stanley item appeared before you boarded the special school bus this morning. Try to keep up.
"... does not take into account recent news or other factors."
So you're saying it's an automated Cramer, but without all the silly sound effects?
Yes, it seems there's only so much the shorts can hope to milk out of the situation. Once they figure their positions will be dead money (or worse) for them going forward, the rush to the exits could really snowball.
"I wonder what he's thinking ..."
He's probably thinking that eventually, when all the shorts try to exit en masse, many of them will shed some blood.
"He couldn't be so lame as to do a total 180 literally within days when nothing had changed. Surely."
I heard he once did a 720 . BooooooYah!
I was about to post the same thing. I thought I read something from him a week or two ago saying to stay away from LNCO/LINE and now this. Jimmy has a simultaneous buy and a hold and a sell rating on about every stock traded. He can never be wrong ... not matter what happens.
"LinnCo (LNCO): I think the company is fine, said Cramer. It went through an SEC inquiry but that has passed and now it seems inexpensive."
Wow. I didn't know people still took lysergic acid diethylamide. I hope your care-giver stayed with you. LSD obviously lets the real you out.