They also have a contract that expires in the next 9 days that hasn't been renewed, and no new contracts for any rig that wasn't working the month before either. It's getting bad, but the silver lining may be that some NE shareholders jump ship and come over here if PGN fleet status report turns out to be any better than the disaster that NE just posted.
New fleet status report out for Noble and 2 renewals. The old rate was 57% higher than the renewal rate for one semisubmersible, and over 25% higher than the renewal rate for the other semisubmersible. I knew they'd go down, but that is more than I expected. PGN still strong company but it may take a bit longer for the market to recover than I thought, especially with all the rigs that may come online soon.
This pattern is getting to be very common now. Open with a seesaw, then gain about $1 after an hour or two, then give some of it back. I don't know what's going on, but I get the feeling that a large fund is buying every day and that pushes the price up everyday, then they stop buying and people take profits for the day. We seem to keep some of the gains just about every day though. I'm curious what's going on with the accumulation of a large fund like that. Do they know something we don't?
That would be great, but it is very untrue! Maybe an 80%-120% premium to share price max. No way 300% premium!!!
They are deciding if they are going to issue dividends in the next month or two. If they do declare a dividend, they want it to be sustainable. No special dividends like Transocean does.
We finally found the big problem that noble left with PGN. It's effective tax rate was under 19% when combined with NE. Now it is going to 50% (48-52% range). That is ridiculous!!!!!!! I think everybody had a feeling that something bad for PGN would come out of the spin off though.
Everything seems to be very cheap and profitable, but the reason you have so few buyers at $10 or above is because most companies tend to screw their spinoffs in some way. Nobody knows if, or how NE did it but their is a good history of that happening with spinoffs. Most recently, SDRL essentially "sold" some rigs to the company it spun off and charged them double what SDRL paid for them. If they could sell everything they buy for double what they paid for it after a year or so on the open market, they would be geniuses. It is easy to make profits when you sell something to yourself though. That was the main reason they booked a $14/share profit or so in Q2. I call it stealing, not earning a profit, but it is what businesses do unfortunately. Just curious to see if NE did it or not!
Yahoo still has number from the ticker belonging to progress energy. They are slowly adding paragon numbers in, but a book value of $0 should tell you that nothing should be trusted on their site yet. There will NOT be a div. of $2.48! That sure would be nice though!!!
In the 1990s I bought coke in 6 packs for 99 cents most of the time. We didn't buy much coke, but we never EVER paid more than $1 for a 2 liter of anything. Sales were often 69 cents or less for a 2 liter. I still have a hard time paying more than $1 for a 2 liter!
The CO2 tanks only comprise 5% of assets, so it's really not a big deal. They are assets however because they aren't the CO@ tanks that customers have bought and "basically own". They are only the ones on loan to companies in the tank exchange program.
I actually really like this promo! It is very similar to the QVC sales they had last year. You are right, the profit margin is not great, but there is profit for soda in this deal. The big thing is getting the soda maker in more people's hands though. The recurring refills/syrups are the tremendous money makers. Also, as far as the stock goes, all people really want to see is an up-tick in sales of the soda machines in America. Short term, price/margin doesn't matter and long term it is all about co2 refills and syrups anyway.
The clerk working there went on and on telling me about how many people bought the machines, syrups, and got refills of CO2 there. He was really shocked when he was told to store CO2 canisters in the closet at guest services and figured he'd never sell any. Boy was he wrong apparently. He spent about 2 mins. just telling about how much of it sold (and he'd never bought any or really knew what it was).
I'm thinking Target may be the better store for sodastream than wal-mart because the shoppers are a little higher up on the spending ladder and soda's fun and health message should work well.
Please give bj12 a break. His posts are usually very factual and informative. While I am a Soda bull big time (mostly based on low stock price, possibility of pepsi/etc. combo, or buyout, short squeeze, and of course strong international growth), and I really enjoy my sodastream (which has actually helped me lose weight), they do have some excess inventory in Wal-mart which is only $3.50 on clearance. My Wal-marts also have a TON of bottles on clearance, although not any extra machines. But please leave bj12 alone. He or she is very nice and helpful even if you don't like that fact that he points out areas that SODA needs to figure out.
Actually it broke down as soon as a seeking alpha article came out on its troubles in England. It jumped up and down until that article came out. The article sounds bad, but it really probably isn't. They lost being stocked by one store in England was the worst of it, but they also aren't stocked by Sears anymore in the U.S. and nobody cares. Wal-mart and grocery stores are all that really matter for Soda in America at least.
Thanks for the info. My Wal-Mart has all the deals listed except #2 now (of course that is the one I want the most), but I'll look around for it at other local Wal-Marts and hopefully get a few bottles on the cheap. I never could've/would've spent $20 or so on 2 plastic bottles anyway. These new prices are finally in line with what a plastic bottle should cost.
I tried, but I can't find any of those deals online except #1. I really wanted the Jet Mega pack for $71. Unfortunately, the closest store that carries it is 40 miles away, but I still ordered it because family is within 10 miles of it. They cancelled my order because they are out of stock. I'll keep looking for those deals you mentioned, but often times they are deals on items wal-mart doesn't have, or they are errors that wal mart fixes as soon as they realize.
BTW, the soda stream 20 ft. section has sold well at my local store. Unfortunately it looks like it with bare spots that haven't been filled in yet.