i personally disagree with reinvesting, it worked in past, but so much alg trading basically charges u for it now. Look at stock on x-div day, literlly always hit for vlue of div instantly, while drip buy days tend to be high of short term trends. I choose to collect all div and invest into current opportonity of the moment, with the thought of building income always at the core
do some dd watch the 60 min piece, sourced materials only from china breach only california protocol. No ocea standards breached, isnt that the regulator? Isnt this for laminates not actual wood floors from them? Blahah read a book
So the sky has fallen, we might have bottomed already in crude, healthy backlog, we saved what 6 billion dollars of cash flow tax free from non cash impairments? we have a net loss of 739m, ooooh so bad, oh wait, 1.083 billion of that is non cash, so accounting skill caps. Tax free cash retained. this coupled with the fact that the dividend was paid in this period, and has since been cut, i think anyone with half a brain is gonna realize their 2nd biggest cash position in the industry is poised to grow significantly. 20 like in the blink of an eye? 30 idk, month or 2? especially if oil continues rallying. If it rallies, we now have data, not lies from every analyst who predicted the end of the world for them basically, value facts not these idiots. Im not adding more though, as good as it looks i know what i dont know, and what i dont know is if oil is gonna continue up.
Sentiment: Strong Buy
These guys are gonna have to get real creative to spin this report as bad. During the perod in which oil took its fall from $91 WTI in october, to $53 on dec 31. rig utulitzation is down 3% from the previous quarter. Cash flow positive once again. reduction in operating expenses, not huge but it happend.
"Revenues were $2.237 billion, compared with $2.270 billion in the third quarter of 2014;
Operating and maintenance expenses were $1.310 billion, down from $1.318 billion in the prior period;
Adjusted net income was $344 million, $0.95 per diluted share, which excludes net unfavorable items;
Net loss attributable to controlling interest was $739 million, $2.04 per diluted share, including $1.083 billion of net unfavorable items, versus the comparable third quarter net loss of $2.217 billion, $6.12 per diluted share, including $2.569 billion of net unfavorable items;
The Annual Effective Tax Rate(1) was 26.5 percent, up from 24.8 percent in the prior quarter;
Cash flows from operating activities were $566 million, down sequentially from $882 million;
Fleet revenue efficiency(2) was 95.3 percent, up from 92.6 percent in the third quarter. Revenue efficiency on ultra-deepwater rigs was 95.4 percent, up from 91.6 percent in the prior quarter;
Fleet utilization(3) was 72 percent, versus 75 percent in the third quarter; and
Contract backlog was $21.2 billion as of the February 17, 2015, Fleet Update Summary.
ZUG, SWITZERLAND-February 25, 2015-Transocean Ltd. (RIG) (RIGN.VX) today reported a net loss attributable to controlling interest for the three months ended December 31, 2014 of $739 million, or $2.04 per diluted share. Fourth quarter 2014 results included net unfavorable items of $1.083 billion, $2.99 per diluted share, as follows:
$992 million, $2.75 per diluted share, resulting from a non-cash goodwill impairment. The impairment is due to the decline in the market valuation of the company`s contract drilling services business. (cont.)
Sentiment: Strong Buy
Im curious what options plays you might reccomend, I was looking at them last night seems like very low premiums currently for near contract put and calls. im amazed at how low their loan losses have been through past 2 crisis, if you read most recent quarterly they outline the #s clearly. Why has nobody realized that ths is a compelling takeover target for companies like USB PNC the current top mid tiers. They already at sifi capital, it would make sense to acquire a business like NYCB as great deposit growth and expansion, prob one of the best targets ive seen. Huge short position on the stock, like 20% or some odd of float. I feel like this company ready to retest 20+ w/o aquisition premium. Currently highest yielding in my portfolio beside RIG.
im not concerned on this matter how the deal happens, the point was I think those type of deals, are low risk due to low or no capital outlays, jive well with the long term value unlocking goal of the company, and provide long term income streams that are supportive of income investors.
thanks for the info and reply, nd yes ive just began research on bhp past 2 months, be well
I see info about less people, thinner management, but there has to be more at play for such a behemoth to raise production 23% in 2 yrs while simultaneously cutting cost of iron ore prod 30% on a year/year basis. I see cpital expenditure spiked, im wondering if they bought a ton of those bucyrus automated miners, well catapillar now since they bought bucyrus.
bhp entering copper market, anyone know avg cost to produce for fcx? And does anyone know what is driving rio tinto and bhp's ability to massively ramp up production while slashing costs dramatically, seems surreal
too bad theres no puts to buy :/ Look at anglo american 9 bucks, cant turn a profit. Who would buy this offering, my bid is 0.03 USD
Rick and the other management at PCL are top notch. Under Promise and over deliver. I cant think of a more reliable and realistic forecast on a consistent basis of outlook of markets, company, and planned actions. I was gonna grab nother 100 shares at 40. but i waited too long :/
"We ended the quarter with approximately $2.9 billion in cash and cash equivalents up approximately $750 million. The change reflects the sequential net increase in cash from operations of about $246 million to $882 million. $102 million of proceeds from asset sales primarily from the GSF Magellan and approximately $416 million of net proceeds from the sale of non-controlling interest in Transocean Partners LLC. These were partially offset by capital expenditures totaling $365 million, up $15 million from the previous quarter and payment of $272 million to shareholders for the second installment of our $3.00 per share dividend."
they nearly up to 50% of the outstanding stock short, its becoming poster child for the validity of the argument that short and distort still exists even with the uptick rule.
looks like lack of liquidity, im from bayonne, these crooks juiced the stock for years, now theyve sold out, so their volume is gone, and hype was 2-3 yrs ago. It will silently pay a divvy until acquired by a mid size bank in my estimates. Bought my first shares ever today 11.69 I was so happy to see my fellow Bayonne people moving on, they are known for sucking companies dry.
its trading as if they cancelled it last quarter, instead of affirm final payment. Trading as if economic conditions are worse then the worst point of the 2008 financial abyss, nearly 30% outstanding stock is shorted. Trading as if no contracts exist for most rigs through mid 2015. This reminds me of 2008/9
do you really think even half of the retail traders do any homework? They just bark wht cnbc feeds them or in this case, random price targets of dif analysts lol