SFL has no preferreds or bond issues as listed by Quantumonline. Great site, by the way for all issues related to any company. Thanks to jerseyvinny.
Dec. 2 (Bloomberg)
Saudi Arabia would consider cutting oil production if other countries, including non-OPEC member Russia, joined in limits, Reuters reports, citing former intelligence chief Prince Turki bin Faisal.
“The Kingdom is not going to give up market share at this time for anybody and allow producers whether in Russia, Nigeria, Iran and other places to sell to Saudi customers because we cut our production”: Turki
Turki said that Saudi Arabia, others would be willing to cut production if there was a “reasonably guaranteed oversight of production quotas,” according to Reuter
a list of those beaten down stocks I want to own in the near future.. I'm hoping to catch some of the lightning that I did back in 09-10 as the recovery began. MLP land is beginning to get to bargain basement prices. The big question is when to start pulling the trigger.
3Q divvy was based on earnings through 9/30. A lot has happened since in the oil patch. SFL has weathered the storm so far very well (until today) as they are in very good financial shape. 4Q results will be very interesting to see if the severe drop in oil prices has any effect on them. It shouldn't but we always say that about the pipelines too. GLTA.
Finally threw in the towel on LINE today and actually made a bit of money in cap gains. Horrible outcome after 6 years though. Wound up like a high paying CD. Good interest (dividends) and got just about my investment back. :~(
FRO2012, if I am not mistaken just followed SDRL and NADL and stopped it's dividend. Hemen Holdings is JF's personal private company created to hold his shares and dividends from all his companies. He does some of his own trading through Hemen. SFL IS tied to all the other JF companies and will eventually feel the same pain. As far as BK, I highly doubt that but shareprice on SFL under $10.00 is a possibility if things continue to decline. JMHO, of course but been there, done that back in 2009. Don't mean to upset anyone but it's just the way I see it currently.
Vin: Well, I DO still have my 5 MLPs and LNCO but I was referring to the drilling sector. Rather you went towards NRZ than NCT. Remains to be seen how the spin off will affect their dividend, as well as SNR. Better still, perhaps NYMT. I just increased my position there by 50%.
Vin, I owned NAO near the IPO in the very high teens and only held it long enough to collect the first divvy and a very small profit. Right now it's probably one of the better plays in the oil patch but the better of what? I'm out of everything in oil except NADL (oy!) and won't revisit the sector till things get a lot clearer.
secondary I've been waiting for over the past few weeks: Tomorrow early is the time to buy. I will.:
NEW YORK, Nov. 20, 2014 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today that it plans to make a public offering of 15,000,000 shares of its common stock. NYMT also expects to grant the underwriters an option to purchase up to an additional 2,250,000 shares of common stock. UBS Investment Bank, Deutsche Bank Securities, Barclays, RBC Capital Markets and Credit Suisse Securities (USA) LLC will serve as joint bookrunning managers for the offering. Keefe, Bruyette & Woods, Inc., a Stifel Company, will serve as lead manager for this offering
rogers, I'm sure Turbo will chime in on NAO which he's up on. My only concern currently (I sold mine a few weeks back) is the still unfolding energy story and more to the point the oil service companies that work with the offshore drillers, which we all know are performing dismally. Eventually it has to get back to the service companies. JMO
One aspect on NADL not mentioned at all was that Exxon today announced the West Alpha will be working somewhere for them, at least in the short term. Looks like they're (XOM) locked into the charter.
ed: Other than some minor glitches it's a pretty decent laptop. Best Buy will have the Acer Chromebook on sale Thanksgiving eve and 11/28 for $149.00. I'm going to get each of my 4 grandchildren one for the holidays.
Some of my best investments were made during the real estate and financial crisis of 2007-. Those were deeply discounted preferreds that sold down almost 50% from their face value. All have recovered to and above face and are paying me upwards of 12-15% on my investments. LGCYO looks interesting, as it has also sold off in the past few months along with most oil stocks. Selling at a 12.5% discount to face and yielding 9.13 at today's price ($21.90). Pays monthly ($0.1666). I will put it on my radar but still want to watch anything related to oil for a while longer. Good find respectful. Thanks for bringing it up. If you want some more information on it go to quantumonline.
You beat me to it mark. I'm waiting a while till Schwab gets my number correct. The past spin offs took a few months.
putting a sell in for 1/2 my NADL @ $4.70. Sadly it didn't go through so I've nothing left to do but wait for it to break $4.00 and buy some more to average down. Problem today is twofold. Russia's continuing bluster and aggressive moves and the fear that NADL will have a hard time getting work for those idled rigs and will have to cut or suspend their dividend. I wouldn't feel so bad if it was the former as I'm prepared to wait it out, but the latter would not be pleasant.