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McDermott International Inc. Message Board

cricketseesall 4 posts  |  Last Activity: Apr 7, 2016 6:35 PM Member since: Sep 17, 2013
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  • Reply to

    Long term debt transaction

    by cricketseesall Apr 7, 2016 9:40 AM
    cricketseesall cricketseesall Apr 7, 2016 6:35 PM Flag

    Makes sense, as I read CRK bond prices were down down. Yes, it is a good deal for both and thank you for putting it into perspective regarding the nature of the debt.

  • cricketseesall by cricketseesall Apr 7, 2016 9:40 AM Flag

    This seems to be an encouraging event. Someone sold 14 million in debt for roughly $3 a share. Hmmm, someone is making a pretty large bet on this company when they calculate cash as worth less than CRK stock. Also, CRK has a lot of cash to weather this storm. There is a lot of short ownership, over 20%. This is troublesome, but they, (shorts), will be buying back their shares if the real price is over $3 per share for a cash buyer. IMHO

  • Reply to

    Mdr and offshore wind farms

    by chasserman Mar 17, 2016 10:46 AM
    cricketseesall cricketseesall Mar 17, 2016 11:03 AM Flag

    Offshore wind farms are a miserable failure, I hope they don't get involved.

  • Reply to

    Potential to quadruple

    by kmx_swing Mar 12, 2016 11:24 AM
    cricketseesall cricketseesall Mar 16, 2016 10:58 AM Flag

    These hard variables are great indicators and cannot be ignored. While the wild card still seems to be the price of oil, there are other facts at work. MDR is utilizing a "tax free fabrication zone" in Mexico, which significantly cuts the raw cost of construction and is attractive to investors, (or at least it should be). The real driver of the oil price, as many assert, is the glut of refined fuel. Summer will surely soothe this glut, at least enough to put the demand of raw crude back to a more "fluid level", no pun intened.

    There is upward pressure on MDR for sure.

4.222-0.218(-4.91%)10:04 AMEDT