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North Atlantic Drilling Limited Message Board

bobdbeck 179 posts  |  Last Activity: Jul 2, 2015 9:19 AM Member since: Oct 7, 1999
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  • Reply to

    OK, I"m familiar with

    by bobdbeck Apr 14, 2015 7:23 PM
    bobdbeck bobdbeck Apr 15, 2015 9:55 AM Flag

    Hi chino, nice to hear from you. I'll wait for earnings next month and decide then. I don't expect the shareprice will run away from me and I still want to do a bit of DD. NRZ is the champ, huh? Now 10 straight up days and I think we're headed to $20 easily.

    GLTU too,
    Bob

  • Reply to

    OK, I"m familiar with

    by bobdbeck Apr 14, 2015 7:23 PM
    bobdbeck bobdbeck Apr 14, 2015 9:24 PM Flag

    Thanks seeds.bill. Those forty-one cent shares I bought in NCT way back when have certainly filled my "get rich" scenario. I wouldn't call WMC that much of a success, just a nice steady high yielder. You might want to take a quick look at AI (Arlington). Not a REIT (classified as financial) but they own a very large mortgage portfolio, yielding almost 15%.

  • Reply to

    OK, I"m familiar with

    by bobdbeck Apr 14, 2015 7:23 PM
    bobdbeck bobdbeck Apr 14, 2015 9:18 PM Flag

    Hey wayne, nice to hear from you. Thanks for your thoughts on RSO. I think I'll put it on my watch list and see how things move from here. Some of my MLPs are finally beginning to tick up so I may be adding to them. Made great investments in 2009 in the MLP sector and I think there are some good ones that got killed within the past year that look pretty good right now. I think I'd rather commit cash to them than add to my REIT holdings, especially with the potential knee jerk reaction if the FED should tick the rates up.
    P.S. There's a new NRZ board on Investor Village.

    Regards,
    Bob

  • Reply to

    OK, I"m familiar with

    by bobdbeck Apr 14, 2015 7:23 PM
    bobdbeck bobdbeck Apr 14, 2015 7:59 PM Flag

    Owned CYS years ago and I usually don't go back into a stock once I sell (I know things change). I'm not a trader and usually invest for the long term unless a change in fundamentals. Thanks for the reply.

  • most of the posters on this board over the years. I've owned almost every mREIT or REIT at one time or another over the past 8 years but RSO is one I'm unfamiliar with. Currently holding a very large position in NRZ, with substantial positions in NYMT, MFA, SNR, ARI, and WMC. Sold my NCT last month after owning it for 8 years, as I felt it had been drained of it's most valuable assets. Someone sell me on RSO. Dividend cut 20% last quarter concerns me, even with originations up substantially, as just reported. Haven't done any DD yet but I trust some here from past conversations.

    TIA,
    bob

  • Reply to

    Oil back up?

    by jkprice Apr 12, 2015 11:50 PM
    bobdbeck bobdbeck Apr 14, 2015 4:28 PM Flag

    Good for you DH. Enjoy that well earned vacation.

    bob

  • bobdbeck by bobdbeck Apr 14, 2015 9:45 AM Flag

    to perform. UP 8 straight days with almost a 9% gain. Up nicely again today. :~).

  • Reply to

    Seaspan dividend increase

    by keebon Apr 13, 2015 10:34 AM
    bobdbeck bobdbeck Apr 13, 2015 12:39 PM Flag

    SSW x/d is the 16th, gotta own it on the 15th, kee, you're right. Great site for all that info is dividendinvestor.

  • Reply to

    Oil back up?

    by jkprice Apr 12, 2015 11:50 PM
    bobdbeck bobdbeck Apr 13, 2015 7:43 AM Flag

    jk:

    Bloomberg
    By Mark Shenk 5 hours ago

    Speculators increased bullish oil bets by the most in more than four years, wagering that the U.S. production boom is slowing.

    Hedge funds boosted net-long positions on West Texas Intermediate crude by 30 percent in the seven days ended April 7, the biggest jump since October 2010, U.S. Commodity Futures Trading Commission data show. Long bets rose to a nine-month high, while shorts tumbled 21 percent.

    U.S. crude output and inventories may peak this month amid a record drop in rigs exploring for oil, Goldman Sachs Group said. Refiners returning from seasonal maintenance will add about 500,000 barrels a day of demand by July, the Energy Information Administration forecast, helping ease the biggest glut in 85 years......

    Just an excerpt from the bloomberg article on IV.

  • Reply to

    Shipping outlook

    by keebon Apr 9, 2015 4:40 PM
    bobdbeck bobdbeck Apr 10, 2015 7:01 PM Flag

    keebon, I have no positions in any LNG company. I knew some here did so I posted the article.

  • Reply to

    Shipping outlook

    by keebon Apr 9, 2015 4:40 PM
    bobdbeck bobdbeck Apr 10, 2015 12:11 PM Flag

    Don't know if you LNG guys saw this on IV:

    Moody's See Majority of U.S. LNG Projects Cancelled
    Liquefied natural gas (LNG) suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of new LNG supply from Australia and the US, Moody's Investors Service says in a new report, "Lower Oil Prices Cause Suppliers of Liquefied Natural Gas to Nix Projects."
    Moody's says low LNG prices will result in the cancellation of the vast majority of the nearly 30 liquefaction projects currently proposed in the US, 18 in western Canada, and four in eastern Canada.

    "The drop in international oil prices relative to US natural gas prices has wiped out the price advantage US LNG projects, reversing the wide differentials of the past four years that led Asian buyers to demand more Henry Hub-linked contracts for their LNG portfolios," says Moody's Senior Vice President Mihoko Manabe.

    However, projects already under construction will continue as planned, which will lead to excess liquefaction capacity over the rest of this decade. Notably, through 2017, Australia will see new capacity come online from roughly $180 billion in investments, which will result in a 25% increase in global liquefaction capacity. Likewise, the US is poised to become a net LNG exporter after the Sabine Pass Liquefaction LLC (Ba3 stable) project goes into service in the fourth quarter of 2015.

    Moody's expects Cheniere Energy's Corpus Christi project will be the likeliest project to move forward this year, since it is among the very few projects in advanced development that have secured sufficient commercial or financial backing to begin construction.

    Lower oil prices will result in the deferral or cancellation of most other projects, especially this year. While some companies like Exxon Mobil Corp. (Aaa stable) can afford to be patient and wait several years until markets are more favorable, most other LNG sponsors have far less financial wherewithal.

  • bobdbeck bobdbeck Apr 9, 2015 10:59 AM Flag

    BIG THANKS gambler. If you had posted that 5 minutes earlier I would have not pulled the trigger on my MEMP purchase. LOL

  • Reply to

    O/T NRZ

    by huffdaland Mar 17, 2015 6:45 PM
    bobdbeck bobdbeck Apr 7, 2015 8:35 PM Flag

    stagg: The Street has always had a SELL on NRZ, ever since they first noted it about 18 months ago. Nothing new and shows how really well they analyze a company :~).

    bob

  • Reply to

    OT: spo for O

    by marklibera Apr 6, 2015 10:33 AM
    bobdbeck bobdbeck Apr 7, 2015 3:20 PM Flag

    Word is NRZ secondary will be priced at $15.37. Will be interesting to see the reaction if that is correct.

  • Reply to

    OT: spo for O

    by marklibera Apr 6, 2015 10:33 AM
    bobdbeck bobdbeck Apr 7, 2015 9:45 AM Flag

    mark, I'm sure you've seen the NRZ action this morning, UP 2% so the market just loves this deal and no secondary pullback (so far). :~). Guess I should have added last night instead of waiting.

  • bobdbeck by bobdbeck Apr 6, 2015 8:35 PM Flag

    today to "outperform" by Raymond James, P/T of $15. Nice bump on the upgrade.

  • Reply to

    nrz/hlss

    by mudrackers Apr 6, 2015 5:30 PM
    bobdbeck bobdbeck Apr 6, 2015 5:39 PM Flag

    By all means YES. Tomorrow will be a great buying opportunity for NRZ after tonight's secondary announcement. Already down 5% A/H. I'll be adding again tomorrow.

  • The two terminate late February's merger agreement in which New Residential (NYSE:NRZ) was going to purchase Home Loan Servicing Solutions (NASDAQ:HLSS) for $18.25 per share in cash, or roughly $1.3B, and instead enter an asset purchase agreement in which NRZ has paid $1.2B or $17.08 for all 71M shares of HLSS. Adjusting for cash and repayment of HLSS debt, the price works out to about $1B in cash and 28.3M newly issued shares of NRZ - roughly $1.4B.
    The deal had the approval of both boards and did not require a shareholder vote.
    In addition, New Residential agrees to a multiyear extension of the servicing contracts with Ocwen Financial (NYSE:OCN).
    Alongside, New Residential announces a 40M share secondary - 28.3M shares being sold by HLSS and another 11.7M shares by the company. The underwriter greenshoe is another 6M shares.
    NRZ -3.8% after hours to $14.79, Ocwen +9.2%
    HLSS closed today at $17.23.

  • Reply to

    psec rights offering

    by mudrackers Apr 6, 2015 4:02 PM
    bobdbeck bobdbeck Apr 6, 2015 5:29 PM Flag

    mudrackers: The bottom line is no one right now knows anything.. Until the company releases their plans for potential spin offs everything discussed is just guesses. Take them for what they're worth. Most on that board are a bunch of morons and name callers anyway.

NATDF
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