we are coming into refinery maintenance that has been delayed all summer. cant be delayed much longer market will get weak for while. and no div raise may have ppl taking money off the table. long term story still intact. look for broker upgrades tomorrow to make it pop.
they say that 20% of remaining oil may be in arctic. the polar ice caps are melting and these areas will be exploited. You will need harsh environment (HE) rigs and HE PSV's to service them. NAO having high spec HE class PSV is in a good position for that servicing. NAO psv can go to other areas but others cannot operate in extreme north sea and arctic. So if things never materialize can leave for other areas.
some other points
-lifting of russia sanctions will pulll rigs and psv out of north sea alleviating some of glut.
-as one of previous post statoil and most likley others will prefer high spec psv going forward. older units will have to be scrapped balancing out oversupply.
-possible rescue operations contract in med after siem PSV having good success. this would most likely be a good contract
-strong US dollar make buying new ships best use of money to expand. 8 million a ship cheaper than previous buys.
all this said there is choppy waters ahead for at least a year. i would be in no rush to add to holdings.
yeah and not to mention selling dorian stake for 47 million gain. you think it would be up. STNG is gonna buy 8 handymax with the proceeds.
yeah my average cost is $10.85 never thought i see it coming this close to it. on past conference calls i was lead to believe the payout was gonna be more aggressive(their words). I think it has to do with GLOP. LNG business is terrible right now until the export terminals come online.
im about take a position. seems way overdone. main concerns are loss of contracts and postponements as what is happening with the drillers. But with the shuttle fleet if they get canceled contract they can drop in thier aframax pool and make a good rate. The ALP business may see dowturn after initial rig shutdowns and are sitting in drydock. Am i missing anything?
not as much as you think. Teekay has converted 4 lr2 back to aframax crude this year. but it was absolutely the right move.
looking like a good long term buy. once the backlog of fracked wells starts to dry up should see oil and Gas stabilize next year. ramping of export of NA natgas eventually will come closer to global price.
i made the small pizza for lunch today. Brushed with olive oil like said and topped with homemade sauce and fresh mozzarella. added red pepper, basil, and salt. it was pretty tasty . crust is similar to what get on the costco frozen pizza. i suppose its not bad product if you want to customize it or try something different like bacon chesseburger or some other wild creation. but as regular pizza its got tough competition from frozen. ive got the digiorno on sale for $5 dont have to do anything but pop in oven and is really good.
don pepinos pizza sauce was missing underneath for 2 weeks in row. i noticed boboli pizza crust sells together as well. perhaps that is plan. What concerns me most is the BG always seems to be getting muscled out of shelf space. it may only get worse as new giants like kraft-heinz take shape. BG will never be able to compete on price. i noticed kraft has new mac and cheese right next to bear creek in bag as well. And kraft heinz is getting preservatives out faster than smaller rival BG.
i picked up a pack of mini crusts when get chance ill make a personal pizza.
i looked up review of don pepino on amazon seems to get good reviews. maybe was just me, but is definatly chunky and needs more spices imo. i usually use homemade sauce or maybe ill have to try again. it was missing underneath the pizza crusts for strange reason.
on topic of tomato sauces they have the scalfani brand, i wonder why never tried to push that harder, as a lower tier brand compared to emirils sauce, which i find overpriced. they dont always have buy growth can do both.