wondering if they are pitching a offering at the banks. herb said they had enough for two ships we got them. now may be from equity
getting close to end of orderbook. then can really return cash to shareholders. scorpio services should also be buying, would show investors they are in it for long term not just management fees. I don't see them even in top 10.
someone dumped at close. looking for news didn't see any. I'm thinking this is result of redemptions. and being an illiquid stock. I know the Saudis are selling a lot of stock.
1-the main source of growth from NA shale is at risk from saudi price war. If they curtail production too much there may be less propane to export out of NA i think the fears are overblown. not mention Saudi have propane export coming online soon.
2- a Large orderbook coming on the water in next year or so. Rates will come down. utilization is already starting to drop. but out a few years there should be increasing demand. especially as coal plants are shut around the world.
yeah and scorpio services which management owns. Good to see the confidence. they always should of been shareholders not when monarch forced them too. i want to know who is selling? are they buying on open market or from say monarch looking to get out?
any in house equipment shuttle tankers, FSO, FSPO etc. the producer could basically do a sale and leasback. im not sure how many are out there, but teekay made it seem on conference call that there are opportunity.
i think shorts are thinking div cut not bankruptcy. NAO will trade sideways for year IMO. reports are there are 10-20 too many boats in North sea. there are more delivering as well, any rate increase will pull the layups down and rates with it
sleep easy there is no question they will survive. only downside could be few cancellations of contracts.the financing is mostly in place for growth. they may however have trouble for future financing of projects. but the Yards are now in trouble after offshore collapse. they will be bending over backwards to secure work. EXIM financing should be attainable. If need be TK could step in for some. if you have the time read the last TOO transcript on seeking alpha. they cover allot of the financing questions.
there was some general offshore news. more psv layups. Transocean just got accused in pay for play sceme at petrobras. Teekay and evensen seems to be straight shooter and werent involved but one never knows. i added to my position @14.50 today. 14% yield, if doesnt get cut seems like good opportunity. i also saw teekay is bidding on supplying a FSO for the bressay field.
yeah last i saw was gbp 6000= $9,188.36 usd. from being an investor in NAT for years i would say he will pay the .17 for 4 qtrs. at end of that time will get adjusted again. he will use balance sheet to pay dividend but not forever.
that book value will be coming down fast it was at $44 a share last year. i seems tempting at this level. but i have no confidence in management anymore. after buying a building instead of leasing one seems like a bonehead move. that cash could be better used buying more ships.The founding father just died so maybe the inherited money i would like to see them buy more stock before i sink more money into this.
what design and what yard? thinking about investment but find details always seem to be hidden. is there a fleet list somewhere with specifics?
they can as of now. i dont think they would be raising dividend if they didnt think was sustainable. there are few reasons IMO why they are so low.
1-petrobras scandal- they uncovered massive fraud at company. any contract with them is suspect to fraud and possible fine/cancelation. on the shuttle tanker side i believe if canceled which i dont think will be case. they have tanker pools already running they can drop into and earn revenue.
2- drilling sector crash- the drillers were pumping their chest about how much backlog and long term contracts were in place. well when E & P companies are fighting to keep dividend or possibly bankruptcy noting is sacred. many contracts were canceled i think alot of investors got caught in the massive selloff in driller( myself included) and are hesitant about the space. But TOO being in production side they need to keep pumping to maintain cash flow, should weather storm.
great way to play global lng build out. been long since ipo. thinking of adding here. only troubling situations is the us shale bust is limiting upside on stock.
yes it is giant branded. ive never seen in my supermarket. hummus would be good synergy with the new york style brand. hummus is a hot category now.