The climate is called "Mediterranean". It is also called a desert because we get less than 15" of rain per year. Never snowed here, ever, except in the mountains 60 miles away. Even though we do get some heat, it is a dry heat, called a Santa Ana", which is what we are having right now. The humidity is 20%, so it is definitely not like the P.I.
We usually get winds off the Pacific that cools in the summer and warms in the winter, moderating the climate. Not too hot, not too cold, just right. Free A/C. There is that one problem with the liberals, but there isn't much you can do about that. Oh well, small price to pay.
It absolutely WILL NOT BE BK. Reorg is what WILL happen, but the net result to current shareholders will be the same. Hopefully this will happen by Jan 2017 bc that is when my puts expire. I don't want to buy more puts at the current prices. Just not worth it. And if something wierd should happen I don't want to be short at these prices. SO Jan looks like the end of this cash cow for me.
I'll take San Diego with a year round average temp of 72. You can do anything outside ALL YEAR. Right now I am working on a 69 Chevy truck. Putting in a 5.7L LS1 motor with a 4L60E auto overdrive. All the computer wiring and reprogramming is being done by an online supplier for $300. Bought a totaled truck at an auction for $500. Sold parts off of it for $1500 so I got paid $1000 for taking the motor. Helps if you're handy (and have good weather) Wouldn't want to do this in the snow.
I drove across country when I was in the Army. I thought I would NEVER get out of TX!! 585 miles or there abouts. I did enjoy those foot long red hot dogs though. Still got them?
East TX was nice, west TX was a desert. Gulf Coast TX is a hurricane waiting. CA earth quakes"? I have felt a few, but all very mild. Lived here 65 years and have never seen any property damage. San Diego is out of most of the seismic areas. Look at a map. The San Andreas runs from the Gulf of CA to San Francisco. Draw a straight line and that is the danger zone.
I would thing a PE of about 15 would be more appropriate. That would put a fair price of $73. Any thoughts? Looking for a re-entry point. Got in at 103 and sold at $110. Not much of a dividend for support at these levels, but an interesting portfolio if gas prices stay low.
His source is Cockryder. One of his many other ID's, Al. He is so full of it and nothing he says has ANY basis in fact.
You have been pretty quite IVO. This was almost your last post. Now you're down over $70K US. How many Real's is that? It's just Brazillian monopoly money anyway. Not to worry.
I can go deer, turkey and wild boar hunting within an hour drive. I can go snow skiing in two or three. Water skiing and deep sea fishing in 15 minutes. Cruise ships 15 minutes, International Airport in 15, A nice sandy Beach in 10 (Coronado), Mexico in 15 minutes, Down town SD in 10 minutes, but I live on almost an acre and you would thing you are in the country. We can have up to 3 horses but sold them when my boys moved out. No sidewalks and just got out first street lights, but we do have horse trails. No noise, no traffic ever. Yep, it's worth it.
My property tax is under Prop 13 and it can only go up 2% per year. And it has since 1985 when I bought my house for $160K house next door just sold for $1.1M and it was a fixer! He pays a lot of tax. Income tax is about 8%, so that is a little bit of a pain, but my wife is a CPA and does a great job at keeping us well below that. We have 10 rental properties that make living here easy. Most I have owned for a long time, but I did do some like kind exchanges during the housing slump and most of those have doubled what I paid for them. So there are costs and opportunities here. Don't feel sorry for me paying taxes.
My heating and A/C bill runs less than $100 a month all year and the wife keeps it at 70 degrees all year. How is yours? So plusses and minuses and that is why I love it here. Only thing wrong you did note it too. I am very right wing and this is known as the Left cost for a reason.
Oil will eventually go up, no doubt about it and I suspect it will go up with a vengeance when it FINALLY does. But that will not happen in time to save SDRL. A re-org is probably already being negotiated with JF now. It will likely be the same type of reorg that a subsidiary (NADL) has already done and I have posted many times about that too. Search SDRL message board for 1 for 10 reverse stock split. .
I have been short SDRL for two years via puts. My latest block expire in Jan 2017 ($8 that are now worth $6.50 and I bought them for a song). I have been warning people about the collapse of SDRL since it was @ $37 and I put some of the many posts in a title called Memory lane to save people some time and research. Although most of my posts have been on this board and you can look at them as far as two years ago and see the same thing.
You seem like a nice guy so I am trying to share some information I feel important for a new invester to understand. Hope this is more like a lotto ticket rather than an investment. It will probably have the same value as most lotto tickets when this is all over.
When oil does start to turn around I will probably invest a small part of my portfolio in a company LIKE OXY (not saying that will be my final choice when this is all over) . They are a US oil production co. (primarily) and their cost is $11 per barrel.
You should listen to your CEO Cockryder! SDRL CANNOT MAKE IT until the end of 2017....
Furthermore, even when balance has returned to the market and the price of oil rises to support new investments, it will be another 12 to 18 months before the offshore market will begin to recover, according to Seadrill CEO Per Wulff. In fact, he recently told Bloomberg that "we're likely to be at the end of 2017 before this starts being fun again."
My portfolio is up 1.86% today and everything I own is up at least 1% and many over 4%. Janet must be doing something good, but I can't stand to listen to her talk (almost as aggravating as trying to listen to Hillary. I hope Bill and her ride off into the sunset soon!)
It was 80 degrees here yesterday and forecast is much the same for the foreseeable future. Going to BBQ some T-Bones tonight. Life is great! Hope yall are having nice weather too. SD might be expensive for a new person, but I have lived here all my life and don't understand why anybody would live in the cold.
Well, that was another bad call cockryder. Not an 8 handle a 3 handle. Well, you still got another 11 months I gurss, but I will bet you ANYTHING it will be LESS than $50 all year unless some major event happens.
Well it is down 15% in the last month. Not very good, but that is better than SDRL (down 34%)
Hows line and linn working for you? CHK, NE, LINE, SWN, WOW. Probably the worst combo play you could have made. SDRL is in the same boat and all the others you mentioned too. Hopeless bets by an ameteaur. Hope you had something better than oil in your basket. This, as I have said for two years, is NOT THE USUAL OIL MARKET. SDRL will fall by the end of the year unless the Saudi's give in (and they won't). Too bad, so sad.....