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
always do your own research, dont listen to wild statements on messageboards, also check out rigzone for daily status of all rig fleets including transocean and day rates, you dont have to wait for periodic updates, that from what i see, seem to pick and choose what to announce
Got this from broker today Transocean's recent impairment provides a signal to the oversupplied offshore driller market that industry-wide rationalization is needed to improve market balance and, ultimately, realize a cyclical improvement, according to Fitch Ratings. Transocean surprised the market on Nov. 7 by delaying its Q3 earnings after recognizing a $2.0 billion impairment to goodwill and certain deepwater assets driven by lower economic fleet value expectations. While this was a material and somewhat surprising impairment, the company has been down this road before. Transocean recognized a significantly larger, $5.2 billion impairment to goodwill and its standard jackup fleet in 2011. This impairment was over twice as large as the current charge on a book value basis and 2.5x as large on an absolute basis. A key difference between the 2011 and recent impairments, in addition to size, is timing. Transocean's 2011 impairment was preceded by a few years of weakening utilization rates and seems to have been a lagging indicator of changing market conditions. The recent impairment comes ahead of material declines in current utilization rates and considerable contract maturities and, as a consequence, appears to be a more proactive response to softening market conditions. Fitch views the timing of this month's impairment as a signal to the oversupplied market that, consistent with our view, industry-wide rationalization is needed ahead of scheduled newbuild deliveries to improve market balance and, ultimately, realize a cyclical improvement. Transocean has illustrated that rationalization can strengthen its cash flow and asset profile. This is evidenced by the stabilization of EBITDA and improvements in utilization and day rates following its 2011 impairment. Fitch anticipates the cyclical inflection point to be 2016, which coincides with the delivery of the majority of competitive newbuilds and roll off of a large proportion of legacy backlogs. However, a prolonged
so p/e of 4 is fair value to you, with a 70% dividend yield, gotcha lol
Lol RIG is only stock Ive bought all year that went down, which is why im glued to it. Find the situation very interesting, will be a good learning experience.
if i remember correctly they had positive operating cash flow of 0.96 in 3rd quarter (impairment non cash). But from what I read a lot of rigs still on contract and wont idle till mid 2015, so it will be hard to get an accurate baseline until we see those results, by then we should have some clarity on oil price also I think.
wow Icahn owns 21.5 million shares. btw did you all notice they had positive cash operating cashflow this quarter, the loss was all non cash accounting impairment charge.