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Barrick Gold Corporation Message Board

furball_80110 81 posts  |  Last Activity: Sep 20, 2014 10:31 PM Member since: Dec 11, 1999
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  • furball_80110 furball_80110 Sep 20, 2014 10:31 PM Flag

    I suspect this company is managed differently than U.S. companies, and unlike what shorties claim, is actually putting the shareholders first. Fredriksen makes his money off of the dividend, that is how he is paid. He will make sure it is sustainable. Perhaps SDRL is not a favorite of analysts *exactly* for this reason. You should never pay too much attention to what analysts say, do your own research to find out the real story.

    Sentiment: Hold

  • Reply to

    Safety of dividend

    by typea1949 Sep 19, 2014 6:41 PM
    furball_80110 furball_80110 Sep 19, 2014 10:46 PM Flag

    What you say sounds reasonable, except that SDRL was already very cheap before the recent sell-off. Compare the P/E of SDRL versus HAL. The company says they can maintain the current level of dividend with no problem through 2015.

    Sentiment: Hold

  • Reply to

    Safety of dividend

    by typea1949 Sep 19, 2014 6:41 PM
    furball_80110 furball_80110 Sep 19, 2014 9:10 PM Flag

    The divi is safe. It won't be cut this year, and it won't be cut next year.

    Sentiment: Hold

  • Reply to

    Fear vs Greed Time to LOAD UP

    by bollingr_band Sep 19, 2014 2:23 PM
    furball_80110 furball_80110 Sep 19, 2014 8:17 PM Flag

    And ... what exactly is the investing thesis for gold, that will cause people to buy it? Sorry, I'm not seeing it happen. I used to believe in gold, but clearly most of the world believes now in fiat currency (specifically, U.S. dollar). People don't *need* gold, it is a luxury item for the most part.
    On the other hand, people do need oil.

    I'll keep watching Barrick, as I believe they will eventually get Pascua Lama started back up and that deserves a pop. But, this has been a sad trade for longs and I think it will get sadder in the short-term. GLTA.

    Sentiment: Hold

  • Reply to

    The same losers said....

    by phildog Sep 19, 2014 2:37 PM
    furball_80110 furball_80110 Sep 19, 2014 5:10 PM Flag

    you are an idiot, and SDRL is way overdone at $28.40/share

    Sentiment: Hold

  • Reply to

    Gold is down .29%, ABX down 2.9%

    by runningblackbeardog Sep 19, 2014 1:55 PM
    furball_80110 furball_80110 Sep 19, 2014 2:48 PM Flag

    Yup ... and I'm out, and what a thoroughly painful lesson this stock has been. Sold the last of my ABX today and put it into SDRL. I don't think I want to play ABX anymore ... but if it goes as low as $12/share, I might get back in. Gold is slipping something terrible lately ... U.S. dollar keeps getting stronger. At least with oil, you know where you stand ... gold is too speculative, IMO. GLTA

    Sentiment: Hold

  • furball_80110 furball_80110 Sep 18, 2014 7:59 PM Flag

    the best news for longs is if SDRL maintains their *CURRENT* dividend level through 2015, as this is what they already said they will have no problem doing

    Can you imagine them announcing any kind of dividend cut now, what would happen? another sell-off, of course. Of course you can imagine that. You must be short this stock.

    Sentiment: Hold

  • Reply to

    Quit bashing the bashers

    by phildog Sep 18, 2014 3:20 PM
    furball_80110 furball_80110 Sep 18, 2014 4:50 PM Flag

    I'm swing trading it ... the range used to be $37 to $40, now I guess it is $30 to $35. I got trapped when it dropped recently, no worries my cost basis is now close to $35 and I get paid the divi so I'm fine holding. Once it gets up to $35/share, I'll sell a block though.

    Sentiment: Hold

  • furball_80110 furball_80110 Sep 18, 2014 4:49 PM Flag

    I got it in both Fidelity and Ameritrade accounts today at least an hour before market close.

    Sentiment: Hold

  • Reply to

    RIG

    by gal1918 Sep 16, 2014 10:45 PM
    furball_80110 furball_80110 Sep 17, 2014 12:58 AM Flag

    I guess you weren't paying attention when the ceo spoke about bifurcation ... day rates are down for the older rigs, not so much for SDRL's newer high-spec rigs

    For months now, the ANALysts have been kicking this sector with the story of rig oversupply, but because of *BIFURCATION* SDRL is best positioned and isn't as affected by the lower rates

    Sorry ... there are too many investors on this board who understand what is going on with this stock, you can't raise doubts in them

    I hope you increase your SDRL short position though ... you will get a nasty surprise soon

    Sentiment: Hold

  • Reply to

    SDRL

    by gal1918 Sep 16, 2014 9:27 PM
    furball_80110 furball_80110 Sep 16, 2014 10:19 PM Flag

    That's fine, I have enough confidence for both of us. I just bought more today @$30.27/share today. I bet this stock kicks your shortie #$%$ in the next few weeks.

    Sentiment: Hold

  • Reply to

    Most Expensive Production Method

    by spamblaster1234 Sep 16, 2014 5:48 PM
    furball_80110 furball_80110 Sep 16, 2014 6:10 PM Flag

    some actual numbers, from a Forbes article titled "What Would Happen To The Current Fracking Activity And Subsequent Booms Generated If Oil $/bbl Were To Drop?":

    Colorado kerogen shale might be economical at $120-200/bbl. Oil shales seem to phase out around the $65-90/bbl range, oil sands cost about $45-80/bbl, deepwater stops being worth it around $35-60/bbl, and Saudi Arabia‘s Ghawar field will keep pumping until oil hits $15/bbl.

    Sentiment: Hold

  • Reply to

    Most Expensive Production Method

    by spamblaster1234 Sep 16, 2014 5:48 PM
    furball_80110 furball_80110 Sep 16, 2014 6:04 PM Flag

    deepwater and UDW is not more expensive than fracking, it is cheaper

    I guarantee you Europe will not allow fracking to occur within its borders, at least not anywhere near where people live. China will I'm sure, but then they have no concern for the environment (nor for people, safety, etc.). Many U.S. states will also say "no" to fracking.

    Fracking has a lot of hype behind it currently. Yes, it is making the U.S. energy self-sufficient, *for the moment*.

    Sentiment: Hold

  • Reply to

    Who would sell

    by tobygrind Sep 16, 2014 9:50 AM
    furball_80110 furball_80110 Sep 16, 2014 6:00 PM Flag

    probably Chairman Gao, he's got a lot of shares to dump

    Sentiment: Hold

  • furball_80110 furball_80110 Sep 16, 2014 5:37 PM Flag

    CHING CHANG BING BONG DONKEY KONG
    These Chinese forkers don't care a bit about us investors, they have shown that time and time again. Probably this whole painful process of dragging out the audits is just so Gao can unload some of his shares. I don't believe anymore that it had anything to do with the shareholder lawsuit(s). Disgraceful.

  • Reply to

    Progress on ceasefire….

    by audiophul Sep 16, 2014 3:49 PM
    furball_80110 furball_80110 Sep 16, 2014 5:34 PM Flag

    yes, I saw that ... that's good news
    I think the latest sanctions were just the EU and U.S. drawing a firm line in the sand and telling Russia "look, you cross that, you can kiss your deep-water oil exploration/production aspirations goodbye", and it appears Russia has the sense not to cross it.

    Sentiment: Hold

  • Reply to

    Worst Case Senario . . . . But it won't happen.

    by chuck37chuck Sep 15, 2014 10:37 PM
    furball_80110 furball_80110 Sep 16, 2014 1:51 AM Flag

    Wow, SDRL a high-flying stock? Give me a break. Its P/E was not much above 3 before the recent sell-off. Compare that with HAL, why the big difference?

    Sentiment: Hold

  • otherwise why does the stock price stay so low?

    Sentiment: Hold

  • Reply to

    SDRL is not a U.S. person

    by furball_80110 Sep 14, 2014 5:39 PM
    furball_80110 furball_80110 Sep 15, 2014 8:01 PM Flag

    google on:
    "How Fracking Disposal Wells Are Causing Earthquakes in Dallas-Fort Worth"

    The rapid expanse of hydraulic fracturing, or “fracking,” has also led to an increase in the number of wells needed to dispose of the water used in the drilling process. (Fracking is a drilling process that uses a mixture of water, sand and chemicals to fracture rock formations deep underground for oil and gas.) Once that waste water comes back up the well, it has to be disposed of, so drillers inject it into deep wells underground, as deep as 13,000 feet below the surface in the Barnett Shale.

    The problem, according to the new study by Dr. Cliff Frohlich, senior research scientist at the University’s Institute for Geophysics, is that some of those disposal wells around Dallas-Fort Worth are also on fault lines.

    The seismologist uses the analogy of an air hockey table to describe what’s going on. If the air is turned off, the puck won’t move even if you push it. But when you pump in the air, it moves easily. With disposal wells sending fracking waste water deep underground, liquid and pressure are migrating into a “stuck” fault. “It wants to move but it can’t,” Frohlich tells StateImpact Texas. “Until you pump fluids in there and it slips.”

    Sentiment: Hold

  • good read ... read the comments too

    Sentiment: Hold

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