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Zoetis Inc. Message Board

bas32060 3 posts  |  Last Activity: Jul 21, 2015 10:00 PM Member since: Aug 27, 2001
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  • Reply to

    Earnings

    by hdnguyen999 Jul 20, 2015 8:11 PM
    bas32060 bas32060 Jul 21, 2015 10:00 PM Flag

    i appreciate your kindness as always Eves...Sadly,today puts me in the red on my holdings...much more than 300k mind you. so Guilty of packing it away and not cashing in...Of course, I won't say I didn't cash any in but the disappointment is pretty severe. Given the hostility regarding ANY new projects ANYWHERE as far as drilling goes especially deepwater, I am surpirsed the maintenance side of the market hasn't held up better this year. I'm certainly not alone in this perspective. When I look at the pressure and I mean relentless pressure on this company and the position they take in the market, I am reminded of the financial crisis of 2008-2009...it took a little while b4 the mortgage mess was cleaned up but it was cleaned up.. JPM,BAC and WFC were thrown out and the values were absurdly low. Just like today and with a strong balance sheet and severely reduced capex on the horizon, time is on our side. I am not in the camp that DEEPWATER is dead

    Sentiment: Strong Buy

  • Reply to

    Deal getting done

    by rjp3245 Jul 3, 2015 12:03 PM
    bas32060 bas32060 Jul 3, 2015 3:25 PM Flag

    A fool and his money shall soon part.... WMB mgmt would rather stay in power than sell to this guy. it's the clash of culture and there is a very good reason ETE likes the MLP structure....WMB was taking WPZ for the exact opposite reason... to keep a circle of protection around mgmt...I'm all for a nice premium takeout but I do believe ETE has exposed WMB mgmt for whom they are...execution risk with mgmt is the piece of this that is at play and why it's "hostile"...how WMB mgmt can convince ETE to do more is all about WMB mgmt ability to convince another suitor they are worth more in cash and stock...doubtful in this depressed sector...

  • Reply to

    Setting Up Nicely! "Revisted"

    by eves_advisor Jul 1, 2015 12:53 PM
    bas32060 bas32060 Jul 1, 2015 11:14 PM Flag

    Eves...This company has staying power contrary to 6 yrs ago when it was almost dead. I would've liked to have sold every share at $27 back in early nov . However, the valuation cram down that is occurring does NOT make me lose faith. I feel for your 6 figure loss of course and unfortunately mine is much worse than that at this time. Hard to see this thing trade much worse and I said that at 17 too... Yeah oil prices are under pressure and the OPEC gamble is working as far as marginal producers are concerned. Oil supply in THIS country rolling over and soon ( within the next few months) the decline curves will begin to gain some traction. E&P budgets are getting squeezed and with it the utilization of HLX vessels and its value too. Do I see this as permanent? Nope...OPEC wants to keep production from increasing everywhere in the world and as such the relentless pressure on valuation in the service sector is rearing its ugly head. Does the stock trade into the single digits? Can you buy this company for the price of the BP and Shell and PBR contracts?already getting PBR for free. Am watching the wholesale cancellation of rig contracts as well rigs being stacked almost daily. When the inflection point gets here within the next 6-9 mos., I shall more than double up. I'm certainly an eternal optimist and if the balance sheet weren't as strong as it is I would agree single digits. As for EPS, this stock has never traded based on EPS but on ebitda and cash flow. stock being bludgeoned is as simple as a downward sloping oil price at this time...Next year will be nothing like this year for them in my opinion but that doesn't mean much in today's hostile environment. Thanks for checking in tho...

ZTS
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