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.
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
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
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
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
bayman great trdes, sadely the market moved in options be4 i could get positioned. and tbh badwolf, when in doubt like that, i say do both if you find the right day and premium. Like if i bought at 15 lets say as an example 400 share u could do 3 and 1 splits, or 2/2 2 to sell at 17, 2 for 20 same maturity, i prefer to do 1 contract per maturity tho, i dont like messing with the same chain. i wanted to sell puts on it but seems like jus having dividend would outdo the cash, but depends on prices too, ohhh missed the boat
Buy 3 FCX Nov 20 '15 $10 Put Executed @ $0.29 Details | Edit
Buy 10 FCX Mar 27 '15 $18 Put Executed @ $0.11 Details | Edit
Buy 4 FCX Apr 17 '15 $19.50 Put Executed @ $1.09 Details | Edit
03/24/15 1:02 PM EDT Buy 3 FCX Jan 20 '17 $8 Put Executed @ $0.63 Details | Edit
03/24/15 1:02 PM EDT Buy 2 FCX Jan 20 '17 $8 Put Executed @ $0.63 Details | Edit
03/24/15 12:59 PM EDT Buy 2 FCX Jun 19 '15 $20 Put Executed @ $2.17
i dont short, good luck to all, sorry shareholders for your loss today, nothing worse than huge divvy gone, cept bankruptcy.
never owned any fcx, considered it years ago they are a great company, but the market is literally gone, bhp just came into the copper game. Prices are going up? good lock check the 10 yr trend
Without considering the upcoming 12b capital raise forthcoming, the stock is already 2x as diluted as public market, take a looke at b shares and restricted shares, when milestone in project occurs, instant dilution to every1, in the mean time, russia has made a huge deal with china, so wheres the asia demand? They are doing massive capex while companies like exxon and conoco scale back capex, meanwhile ceo pays himself 100m a yr, i sincerely reccomend you all do some homework, 60m in revenue, 16b market cap, no profit expected for 2 yrs at least, as prices continue dropping. Economics of exporting LNG will not make sense once eurpe and asia gets our fracking technology. Wish everyone the best, im buying puts at the open
BBB take a look at LNG, 60m rev, 17.5b mrket cap, bout to do a 12b capital raise, also restricted stock currently existing would double outstanding shares. Im buying some puts, LNG is bigger version of NAK and BQI. Dilute, dilute, n pay themselves.
bhp and rio tinto profit, vs look at fcx 85% div cut, unprofitable, clf, x, anglo all unprofitable. If the producers are in dnger, why would anyone be considering projects at this stage.
u still got time to sell those calls, and buy some puts, implied volatility is huge, u could get bank for those calls if ur long
or, every single type of energy alternative has collapsed in price in addition to coal being down what, 50% just this yr? I read that these guys are already unprofitable in production, they have been bankin on the old days, ppl would switch to coal as its cheaper, except nat gas is down to insane all time lows, oil down 50%, so the obama attacks, carbon emissions, all got beat to the punch to decimate coal by the age of cheap and abundant energy
most of the companies will go bankrupt, one dy we will come up for a use for coal, but right now as you said, theres no increase in demand, anywhere, at all.
2014 was the first year in decades china's net import of coal decreased, marking an inflection point in major cycle. China is 80% global coal demand on top of that, furthermore in nov they institted imprort tariffs ya man go verify these facts please, your operating on a false premise