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SeaDrill Limited Message Board

budfoxtrading 504 posts  |  Last Activity: 13 hours ago Member since: Nov 26, 2013
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  • Reply to

    WHERE IS EVEYBODY AT...???

    by staggman99 14 hours ago
    budfoxtrading budfoxtrading 13 hours ago Flag

    I like big down days instead of days like today. I throw in 2-3K/mo of fresh capital and need to deploy some. UPL is flying high for me lately, up over $10/share since my initial purchase. I won't sell anytime soon though. My income plays are holding their own too. Looking to add to SDRL and UAN at some point.

  • budfoxtrading budfoxtrading 15 hours ago Flag

    The chart informs us that the uptrend has been broken and we are now in the midst of a trend reversal with resistance along the new downtrend line and the 50-day moving average. SDRL is trying to build a base near $33.00 but the MACD and the RSI are indicating that sellers continue to control the market for this stock.
    The six-month chart provides a close-up of the death cross, the downtrend line, and the resistance along the moving averages that are the dominant features and should not be ignored. All of these factors suggest the prudent investor would wait to confirm the bottom of this downtrend before committing capital.

  • budfoxtrading budfoxtrading 16 hours ago Flag

    It also doesn’t help when a company is perceived to have strapped on too much debt at rates tied to the London Interbank Offer Rate (LIBOR). If rates begin to rise, debt servicing costs rise with them, putting a pinch on cash flow. You mentioned the generous dividend and with a yield 11.97 per cent -- it’s a monster that will attract income starved investors.

    An inspection of the charts will help identify if this would be a good entry point.

    The three-year chart displays the sell signals generated by the MACD and the RSI in September of 2013 as the stock topped out at a 52-week high of $48.09. What followed was a breach of support along the 50-day moving average in November of 2013 followed by a break below the 200-day moving average in December. A death cross formed in January of 2014 which indicated that the selling pressure would continue.

  • Per Globe and Mail site. A question to LOU SCHIZAS was regarding SDRL. His response below.
    Hey Nathan,
    This will be the first time that I undertake an analysis of Seadrill Ltd. which is a deep water drilling contractor with 69 operating units including drillships, jack-up rigs, semi-submersible rigs, and tender rigs. The fundamental elements you have attributed to the firm are all well and good but the macro trend that is washing over SDRL and its competitors in the sector is what is ruling the day. The oil and gas majors that contract offshore drilling services are currently cutting their budgets in an effort to tidy up their balance sheets. As you might expect, when customers are pulling back it has a negative effect on suppliers.

    It also doesn’t help when a company is perceived to have strapped on too much debt at rates tied to the London Interbank Offer Rate (LIBOR). If rates begin to rise, debt servicing costs rise with them, putting a pinch on cash flow. You mentioned the generous dividend and with a yield 11.97 per cent -- it’s a monster that will attract income starved investors.

  • Reply to

    BlueMatrix Downgrade

    by budfoxtrading 18 hours ago
    budfoxtrading budfoxtrading 18 hours ago Flag

    This one needs to fall a ways to make it inline with others in the NG space. I'd be patient.

  • budfoxtrading by budfoxtrading 18 hours ago Flag

    Presenting a good opportunity for another COG purchase.

  • budfoxtrading by budfoxtrading Apr 21, 2014 3:00 PM Flag

    Genco Shipping (GNK) has filed for bankruptcy, Bloomberg reports, as weakness in charter rates for its dry-bulk cargo ships made it difficult for the company to pay its creditors; shares have been halted since the open. GNK reportedly listed assets of $2.4B and debt of $1.5B in a Chapter 11 filing.

  • budfoxtrading by budfoxtrading Apr 21, 2014 2:51 PM Flag

    The bulls can't get enough of Ultra Petroleum.
    Just last week , they snapped up the May 28 calls for $0.15 to $0.20. The stock rallied almost immediately, inflating those contracts by more than 800 percent to $1.95.
    Today they're coming back with a new upside trade one month further out. This time, optionMONSTER's Heat Seeker system shows the purchase of 2,300 June 31 calls for $1.10, while an equal number of June 26 puts was sold for $0.45. Volume was more than 8 times the previous open interest at each strike, indicating that new positions were initiated.
    This strategy is highly leveraged to swings in the Houston-based oil and gas driller. If it rallies, the long calls owned will appreciate and the puts sold short will dwindle, yielding profits on both sides. But the opposite will occur if UPL falls, and the calls will be rendered worthless if the stock remains below $31 through expiration in mid-June. And If the stock is below $26 at that time, the trader will be on the hook to buy shares at that level. (See our Education section).

  • KUCHING: SapuraKencana Petroleum Bhd (SapuraKencana) is expected to see an inflow of drilling contracts throughout 2014 as it bids for more work in various regions worldwide.
    Following a visit to SapuraKencana’s seven semi-submersible self-erecting tender assisted drilling rigs (STDR), the SKD Berani, Alliance Research Sdn Bhd (Alliance Research) opined that the company could expect more drilling contracts to emerge as the year progresses.
    “Just last month, SapuraKencana announced RM1.5 billion of drilling contracts for four of their rigs. Based on our records, two more rigs, the SKD Jaya and SKD Menang STDRs will require extensions/renewals in the third quarter of the financial year 2015 (3QFY15),” it explained.
    In addition, more work in the Africa region could mean higher charter rates for these two rigs, the research firm pointed out.
    “The group highlights that they continue to bid in this region, but are also bidding for work in other regions like Brazil and Southeast Asia,” Alliance Research said.

  • budfoxtrading by budfoxtrading Apr 21, 2014 2:12 PM Flag

    I think someone on this board mentioned FPI before. Can someone enlighten me? Seems a little sketchy to me but maybe they'll have a nice distribution at some point. They acquired 3.7K acres today and have some deals planned.

  • Reply to

    Corn Biofuel

    by lakeed98 Apr 21, 2014 12:43 PM
    budfoxtrading budfoxtrading Apr 21, 2014 2:10 PM Flag

    I read the report earlier. I believe the report to be a little biased, just like the one paid for by Dupont. Politics between two industries as usual. The article today is making alot of assumptions and isn't taking a few things in mind. One is CHP. Two would be the amount harvested.
    "Bob Dinneen, president and CEO of the Renewable Fuels Association, pointed out that, currently, corn stover is typically removed from fields at the rate of only 10 to 25 percent. But, for some reason, this new study assumes stover removal of 60 to 70 percent. Somehow the authors missed the fact that the biofuels industry has already had many discussions on responsibly and sustainably removing corn stover from fields, without causing environmental harm. It’s not in the best interest of farmers, biofuels producers or the earth to strip fields of the majority of corn stover. It’s not happening to those levels and that makes the conclusions of this new study irrelevant in the realm of reality."

  • Calumet Specialty Products Partners LP plans to lower its leverage by increasing earnings rather than cutting debt that is rising by 35.6 percent this month, according to Chief Financial Officer Patrick Murray.
    Indianapolis-based Calumet sold $900 million of 6.5-percent notes due April 2021 on March 31 to finance a $235 million acquisition and to redeem $500 million of 9.375-percent bonds due May 2019, according to a March 26 statement. That is boosting total debt to $1.525 billion from $1.125 billion, increasing the ratio of debt to adjusted earnings before interest, taxes, depreciation and amortization to about 5.6 from 4.7, according to data from the statement and company filings.

    The processor of crude petroleum into a variety of lubricating oils, solvents and waxes has a long-term goal of returning leverage to below 4 times, Murray said last week. He declined to comment on when that might happen.
    “These senior notes are more part of the permanent capital structure that’s in place,” Murray said about reducing leverage. “It becomes more of a matter of enhanced earnings than debt reduction.”

    Calumet had $241.5 million of adjusted EBITDA in 2013, according to a March 3 regulatory filing. The company acquired ADF Holdings Inc, the parent company of Anchor Drilling Fluids USA Inc., which had more than $30 million of EBITDA in 2013, according to Calumet spokesman Noel Ryan.
    The company is paying a “make-whole” price to call the 9.375 percent bonds, which will cost $567.2 million, excluding accrued and unpaid interest, according to the statement.

  • Reply to

    Corn Biofuel

    by lakeed98 Apr 21, 2014 12:43 PM
    budfoxtrading budfoxtrading Apr 21, 2014 12:54 PM Flag

    You're corny today. What does this have to do with SFL or anything else on this board?

  • Reply to

    OT: ATLS/APL/ARP

    by marklibera Apr 21, 2014 10:28 AM
    budfoxtrading budfoxtrading Apr 21, 2014 12:48 PM Flag

    I like VNR in the E&P space. The Atlas plays are all good buys today.

  • Reply to

    OT: ATLS/APL/ARP

    by marklibera Apr 21, 2014 10:28 AM
    budfoxtrading budfoxtrading Apr 21, 2014 12:15 PM Flag

    NSH is the GP of NS.

  • Reply to

    OT: ATLS/APL/ARP

    by marklibera Apr 21, 2014 10:28 AM
    budfoxtrading budfoxtrading Apr 21, 2014 11:46 AM Flag

    I'm adding to KMI. I like APL over ATLS. That's just me though.

  • budfoxtrading budfoxtrading Apr 21, 2014 10:49 AM Flag

    Gary..do you own any other GP's or only KMI?

  • Reply to

    Looking forward to the divy announcement

    by jaime9_2000 Apr 16, 2014 9:11 PM
    budfoxtrading budfoxtrading Apr 21, 2014 8:51 AM Flag

    I'll buy more if we get an earnings dip. We may see one.

  • Reply to

    West Pegasus / Market Rate

    by the_quarry Apr 18, 2014 11:00 AM
    budfoxtrading budfoxtrading Apr 18, 2014 12:19 PM Flag

    You can get a good idea by viewing the IHS website. It has day/utilization rates.

  • Via Forbes yesterday. I recommend reading the full article.
    "One area where Mexican companies may be more bullish is in offshore support vessels. Under Mexican law, offshore support vessel operations can be undertaken only by Mexican companies with majority Mexican investment of at least 51%, and with Mexican-flagged vessels, said Jesus Ugarte Aznar, an attorney with KSA. The US itself has similar protectionist laws, a la the US Jones Act.

    With an eye on participating in Mexico, US offshore support vessel operators are already talking about joint ventures, and at least one Mexican company is looking for investors to fund its entry into the market, according to recent reports by Mergermarket."

SDRL
32.91-0.19(-0.57%)Apr 22 4:01 PMEDT

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