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North Atlantic Drilling Limited Message Board

bobdbeck 358 posts  |  Last Activity: 11 hours ago Member since: Oct 7, 1999
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  • they were interviewing Jeremy Segal, one of the most respected and intelligent economists in the world (Wharton Business School). He stated this market sell off is basically a rotation out of biotechs, story stocks, and hi techs, which have led the past year's market rally into dividend paying companies, which have been basically flat for the past year. With the 10 year this morning now at 2.61% he says if we have another down day today the rate will fall into the high 2.50% range, which is very, very good for the dividend sector.

  • Reply to

    Be careful SDRL is in Bermuda

    by ledire Feb 3, 2014 10:32 AM
    bobdbeck bobdbeck Feb 3, 2014 11:09 AM Flag

    The challenge on these boards are to weed out the intelligent posters from the dimwits. ledire gets one of the dimwit awards.

  • Reply to

    Be careful SDRL is in Bermuda

    by ledire Feb 3, 2014 10:32 AM
    bobdbeck bobdbeck Feb 3, 2014 11:10 AM Flag

    They, along with thousands of other companies from around the world are incorporated in Bermuda. Kinda like Delaware in the U.S.

  • Reply to

    Credit Suisse comment on seadrill.....

    by recession2014 Jan 21, 2014 12:08 AM
    bobdbeck bobdbeck Jan 21, 2014 8:42 AM Flag

    They all have their own agendas and will do their best to skew statistics in their favor. Intentional misinformation buried in long evaluations tend to get lost. It's just the way ANALyst companies do business. Do your own DD to confirm why you made the investment in the first place.

  • Reply to

    Owners are buying at these prices

    by zugzwang1648 Mar 21, 2014 11:07 AM
    bobdbeck bobdbeck Mar 21, 2014 5:04 PM Flag

    The S&P small cap indices were reconstituted today at the close. Perhaps the last of the funds finally liquidated today.

  • bobdbeck bobdbeck Apr 9, 2014 8:37 AM Flag

    You're aping the short position that's been preached for the last few years. HIGH DEBT. It's old hat as the company has maintained that HIGH DEBT for years and it hasn't in any way hindered their performance or earnings nor has it affected their ability to maintain and raise their dividend consistently. Superior management has positioned the company at the top of the sector. If you're smart you'll drop your "HIGH DEBT" mantra as it's only making you look like an uninformed basher. In addition SDRL has the vast majority of their rigs, of every kind under long term contracts, including the most recent GOM rigs just hired. Rates for those rigs have been equal to or HIGHER than past contracts so the supposed reduction of rig prices hasn't affected SDRL one bit. Go spout your short trash on RIG or DO boards. They won't be able to dispute your false and misleading statements.

  • Reply to

    So when do we officially take ownership or NEWM?

    by lespaulz24 Feb 10, 2014 12:05 PM
    bobdbeck bobdbeck Feb 10, 2014 12:59 PM Flag

    Shares of NEWM are expected to be distributed to shareholders on 2/13 and will begin trading as a separate company on 2/14.

  • Reply to

    sdrl explained

    by shuching4 Feb 15, 2014 11:10 AM
    bobdbeck bobdbeck Feb 15, 2014 1:59 PM Flag

    Reposted from IV, compliments of Tankerat:

    ** The negative articles by the analysts, the Seeking Alphas and the Motley Fools most all had errors and omissions, some glaring, which indicate a less than high grade familiarity and understanding of the company.

    ** While it is factual that there has been a lull in contract announcements in the offshore drilling sector, I have not seen announced any contracts for high specification 6th generation UDW rigs signed at materially lower rates. The actual current market rates for such rigs will be more clear when we actually get some contract announcements.

    ** Many of the recent hit pieces were written from the standpoint of lumping all offshore rigs together...whatever age, capability, or generation class. Bifurcation will exist in the offshore rig markets and the newer more capable rigs will be less affected than the older rigs, some of which may take lower rates or be stacked.

    ** This idea of a dividend cut seems to have taken on a life of its own when there is currently no indication of that being considered at all based on the huge backlog enjoyed by Seadrill.

    ** Many of these articles said things like "FRO crashed and burned and Seadrill eventually will as well." Having been a FRO owner during the Golden Age of Tankers, and FRO being the single most lucrative stock I have ever owned, I'd say those making that comment are unaware of an important basic difference between the tanker market and the UDW drilling space. FRO had its glory days due to a relatively long lived sector boom caused by a tanker shortage vs. demand. However, FRO did not have huge exposure to long term contracts and thrived on a spot market that was very strong for a long time. In addition, in the tanker and bulker spaces breach of long term contracts is not uncommon. In the offshore space such contract breach is rare. The Seadrill contracted backlog of $19 billion or so is based on lengthy contracts with deep pocketed counter parties.

  • PSEC, ARCC and all the others down sharply. S&P announced last night that BDCs, due to their rule changes, would no longer be included in their indices as of Friday, 3/21. IMO, this is a spectacular buying opportunity as they are down solely for that reason. When saner heads prevail they will understand "who cares" about being included in small cap indices. The stocks trade on their own merits, not inclusion in an index.

    NEW YORK, Feb. 24, 2014 /PRNewswire/ -- S&P Dow Jones Indices today announced that it has made several changes to the S&P U.S. Indices methodology effective after the close of trading on March 21 to coincide with the March rebalance. After consulting with clients concerned with certain reporting requirements, expenses, and investment restrictions relating to business development companies (BDCs), S&P Dow Jones has decided to remove all identified BDCs from its U.S. Indices. BDCs will remain eligible for certain other types of indices. In order to increase the number of eligible constituents without sacrificing the profitability criteria

  • Reply to

    Best info on NATDF + has a JF Board also!!!!

    by jmdec1 Jan 28, 2014 12:40 AM
    bobdbeck bobdbeck Jan 28, 2014 9:56 AM Flag

    I go back and forth between both boards. Been grandfathered into IV since the early 2000's. It is a great, spam proof website.

  • Reply to

    Hopefully & gdurawa, you're on to something.

    by bobstewart1952 Feb 28, 2014 3:17 PM
    bobdbeck bobdbeck Feb 28, 2014 3:43 PM Flag

    OK, a few points:
    On the golf business they had previously had a debt investment and converted it to equity (similar to Gatehouse). If the golf courses, or whatever they are perform they'll be happy but their deal puts them in a position to liquidate their investment for a profitable return if they're not happy with the investment. Don't ask me, that's what was stated in the CC

    If not for the NEWM spin off and GHSE debt conversion they would have shown .04 more in earnings - .12 instead of .08.The price of NCT on 1/01/13 was $8.68. On 12/31/13 price of all the combined entities including divvys was $13.36, a 1 year 54% total return.

    Expect a continuation of the .10Q dividend.

    NCTs senior living portfolio is now 50% of their business with CDOs and other investments making up the other 50% They DID mention twice in the CC that the Senior Living Assets were certainly being entertained as a stand along business (spin off) but not imminently. There are some smaller senior living deals in the near term being worked on and they expect a larger deal (a la the Holiday Deal) in the 4th quarter.

    I liked what I read and apparently the market had a ho hum reaction to the .01 stated miss in earnings. Big volume today with no price movement, 10 million shares traded.

  • Reply to


    by youandme1998 Feb 18, 2014 11:34 AM
    bobdbeck bobdbeck Feb 18, 2014 7:41 PM Flag

    From tonight's Bloomberg article:
    Seadrill completed four shallow-water jack-up contracts and a fifth will be processed by the second quarter, the company based in Bermuda said today in a statement. Each contract has a 6-year term and total revenue potential from the five deals is valued at more than $1.8 billion, it said.

    Seadrill’s contracts with Pemex, as the Mexico City-based company is known, follow legislation approved last year to open Mexico’s energy industry to foreign investment for the first time since 1938. By allowing foreign companies to operate in shale and deepwater fields, Mexico’s oil production is forecast to increase to 4 million barrels a day by 2025 from current output of 2.5 million barrels.

    “Seadrill sees recent developments in Mexico such as new petroleum legislation, Pemex’s expansion plans and recent large deepwater discoveries as supportive to the great opportunity to expand business within the country,” the company said in the statement

    This is the "foot in the door" of a potential huge market for SDRL

  • Reply to

    Scottrade screwed up the dividend

    by treefortrichard Apr 7, 2014 11:43 AM
    bobdbeck bobdbeck Apr 7, 2014 12:44 PM Flag

    tree, that's ridiculous. They would have had to receive the dividend monies from the company before applying it to shareholders accounts. Where'd the money come from, Scottrade's own bank account. Sounds like an attempted coverup for their incompetence.

  • bobdbeck by bobdbeck Mar 21, 2014 9:35 AM Flag

    NYMT with a BUY rating today and a $10.00 price target.

  • Mgng partner Hayman Capital. They just took a 5.3% stake in NSM and stated there will be approx. 1 TRILLION dollars in new MSRs coming on the market from the banks in the next 12 months. Said the NY investigation into OCN and NSM are superficial and the ratio of complaints from NSM customers vs. loans is under 1.9% (and those from mortgagees delinquent in payments.....of course they'll complain when the servicer goes after them). Banks ratios have been historically over 7% of ALL mortgages.

  • Reply to


    by staggman99 Jan 30, 2014 12:29 PM
    bobdbeck bobdbeck Jan 30, 2014 1:00 PM Flag

    $tagg, calm down. #1) NCT is owned by many on this board. Some have owned it for years when it was brought up on the old TCK board. They just don't publicize it. #2) the NEWM spin off is what is holding back NCT's share price, IMO. It is totally an unknown at this point what effect it will have on NCT's share price when spun off, no one knows what the NEWM share price will be nor do they know how it will react when it is spun off. Media stocks are questionable, at best right now. For an investor looking for a new position I'd certainly question NCT's performance this year if I didn't already own an un-godly position in NCT/NRZ already.
    #3) the NEWM spinoff will be a 1:14 ratio (approx.) which means one will get 7 shares of NEWM for every 100 owned of NCT, hardly an exciting number. Would you buy, let's say 1000 shares of NCT to get 70 shares of NEWM, not knowing what the NEWM shares will be worth, AND, knowing the NCT shares will be falling by that amount. A big unknown presently. I'm VERRRRRY LONG and STRONG on NCT/NRZ and will hold the NEWM I'm getting and see where the shares go. The NCT/NRZ spin off has been basically flat since the split up. Looking for much better performance from both in 2014. GLTU.
    P.S. The NEWM spin off will be a taxable event too.

  • Reply to

    New Media spinoff from NCT:

    by bobdbeck Jan 28, 2014 8:29 AM
    bobdbeck bobdbeck Jan 28, 2014 8:47 AM Flag

    Additional information from the NCT website. This will be a 1 for 14 share spinoff, which I will assume is done to meet the NYSE listing requirements of price per share. You have to own NCT on record on 2/6 but the seperate shares will be trading as of 2/4. As is the case, this will be a taxable event, per the website.

  • Reply to

    o/t SDRL

    by madmax19471952 Feb 26, 2014 8:19 AM
    bobdbeck bobdbeck Feb 26, 2014 11:44 AM Flag

    Merrill Lynch reiterates BUY:

    Sticking with the quality driller, maintaining Buy rating
    Following results we update estimates in line with the latest fleet status. Earnings
    for 2014-15E fall c.4% and our DCF-based valuation leads us to reduce our PO to
    NOK275/US$46. We continue to believe Seadrill's strong backlog and earnings
    visibility, along with its sector leading fleet makes it well positioned to navigate
    through the near-term weakness being faced in the offshore drilling space. Seadrill
    trades on a PE of 8.8x, a 28% discount to the European Oil Services sector. With
    21% upside to our PO and a DY of 10% we retain our Buy rating on Seadrill.
    Another opinion from Merrill Lynch.

  • bobdbeck bobdbeck Jan 23, 2014 4:49 PM Flag

    That's about the most confusing ANALyst opinion on a stock I've yet seen. They're reducing their target price from $50.99 USD to $40.42 USD. yet praising their strength against their competitors. Can't understand their statement on Div. Yield. If I were an analyst and was to downgrade a company's target price by over 20% I'd have a sell on it. This just fits in with the short attack theory.

  • bobdbeck bobdbeck Feb 2, 2014 8:14 AM Flag

    My first foray into investing: Back in the early 60's, my father got a stock tip from a coworker, a cheap mining stock. I was earning about $75 a week and decided to buy 100 shares. It quickly went from $1.50 a share to $4.00 a share and before I could sell it I got notification from the broker that I had received a spin off of another company, 100 shares (didn't even know what a spin off was back then). That was selling at $2.00 a share so I was flying high. Asked the broker what to do and he said just to hold it. Again, months later another spin off from the second company, a couple of hundred shares, also under $2.00. This continued for about a year with each succeeding company spinning off another, and the total $ worth of the spin offs approaching $4,000. Remember, this was the early 60's, that was a LOAD of money for me. I decided something was fishy so I called the broker and told him to sell the entire collection of companies, which netted me that $4,000 pot of gold. Hey, a fortune to teenager making about that per year. Not knowing any better I should have held that last company's spun off shares because again, a couple of months later I got still ANOTHER fistful of shares, spun off from the last. Alas, I had to return those to the broker as I has sold everything. Who knows, I could be a mining magnate right now instead of sitting on a beach, sipping a margarita, living the good life on my NCT (and who knows how many other) spin offs. Always keep the last one!
    I'm a Broncos fan but I'm rooting for the NFC Seahawks, solely for the fact that the if the NFC wins the Super Bowl, the market is in for a good year, or so history goes. GO HAWKS!

    Hope you all enjoy the game.

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