Thu, Dec 25, 2014, 2:45 AM EST - U.S. Markets closed for Christmas

Recent

% | $
Quotes you view appear here for quick access.

Corning Inc. Message Board

furball_80110 155 posts  |  Last Activity: Dec 23, 2014 5:57 PM Member since: Dec 11, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    from the fleet report

    by foolagain2000 Dec 23, 2014 5:19 PM
    furball_80110 furball_80110 Dec 23, 2014 5:57 PM Flag

    no matter ... sentiment will continue to suck for awhile
    I don't think we'll see a reasonable valuation (i.e. $28/share) for SDRL until 2016, no matter what good news gets announced ... unless oil trades above $100/bbl again which ain't happening in 2015
    SDRL and all offshore drillers were being kicked to the ground by fracking (like HAL), now they are all in the toilet together ... the fracking hype pumped up fracking-related oil services company stocks to valuations 4x what SDRL was at, then SDRL was hit with tripple whammy: russian sanctions + Rosneft deal, dropping oil prices, indefinite suspension of dividend
    this stock is toast until at least June of next year, if we hear good news about Rosneft by then it could move the stock to $20/share
    I am continuing to hold, will hold for my money back, this is the last stock trade I do

    Sentiment: Hold

  • Reply to

    OPEC

    by glb1943 Dec 22, 2014 11:24 AM
    furball_80110 furball_80110 Dec 22, 2014 8:20 PM Flag

    OPEC means exactly what they say, it is a price war pure and simple. They *WILL NOT* cut production. If they find new customers, they will increase production.

    Sentiment: Hold

  • some baboon scat he made fresh just for you!

    Sentiment: Hold

  • Reply to

    Move your money into RIG.......

    by wiszad Dec 18, 2014 7:40 PM
    furball_80110 furball_80110 Dec 18, 2014 10:14 PM Flag

    Not sure about that, but pretty close!
    I think the worst move ever was CBEH.

    Sentiment: Hold

  • Reply to

    Dividend reinstatement

    by pkgannon Dec 18, 2014 12:25 PM
    furball_80110 furball_80110 Dec 18, 2014 12:50 PM Flag

    and they won't ... at least not until next November.
    Just chillax. You will eventually get out of this stinker with your money intact. Just a matter of time.

    Sentiment: Hold

  • Reply to

    slaughterhouse for shorts

    by ivodirect Dec 17, 2014 3:07 PM
    furball_80110 furball_80110 Dec 17, 2014 3:20 PM Flag

    forking manipulated #$%$ market ... oil really isn't up today, no good reason for SDRL to be 10% up
    not that I'm complaining, I'm long w/ cost basis $33/share ... just saying there is no logic for it to go up in the short-term

    Sentiment: Hold

  • Reply to

    17 yr old HS student

    by chevymalibu1966 Dec 14, 2014 3:20 PM
    furball_80110 furball_80110 Dec 16, 2014 12:01 AM Flag

    chevy malibu - please give up. I did. This market is crap manipulated, no logic to it. I was warned ... but thought I could beat it. Consider that stocks have no real value unless they pay you income, so it is a constant fight to maintain their value. It is like a pyramid scheme ... you hope you won't be the sucker left holding when the stock price drops into the toilet.

    I'm holding SDRL, but I don't want to watch it every day, I try not to. I have no interest in investing anymore. When I can get out I will. GLTA

    Sentiment: Hold

  • Chairman Gao, the baboon, as he shows us investors his bright red cheeks

    Sentiment: Hold

  • Reply to

    Too early

    by o.investor Dec 12, 2014 2:49 PM
    furball_80110 furball_80110 Dec 12, 2014 8:33 PM Flag

    Naw, U.S. dollar rules and paper currency is king, sorry but that's the truth.
    He who has the power to make the laws makes it so - not he who has the gold.
    You can say all you want it is a huge Ponzi scheme, and what you say makes some logical sense but it ain't how the world really works. They can and they will keep printing the money. You are silly to fight that power.

    Sentiment: Hold

  • Reply to

    Too early

    by o.investor Dec 12, 2014 2:49 PM
    furball_80110 furball_80110 Dec 12, 2014 8:31 PM Flag

    1) the market is #$%$ manipulated
    2) the market is #$%$ manipulated
    3) and ... the market is #$%$ manipulated

    SDRL is a strong company, from the standpoint of their backlog and newness (and therefore safety) of their rigs they are the strongest in the sector (I'm not addressing their debt, which is manageable, even more so now that they've cut the divi). They have a solid backlog for next year. They were already way oversold before the oil price rout. The Rosneft deal should go through because it was signed before the 2nd set of European sanctions (so it is grand-fathered in) ... it is just a matter of time before NADL gets the waivers for that work. The oil price will equalize in a couple of months, and I expect it will be at least $80/bbl by next summer if not sooner. Deepwater oil exploration will continue pretty much as before. OPEC may even cut some production.

    Sentiment: Hold

  • Reply to

    Too early

    by o.investor Dec 12, 2014 2:49 PM
    furball_80110 furball_80110 Dec 12, 2014 5:15 PM Flag

    if you are long this stock (I am ... hurting @ cost basis $33/share), just keep your wits, don't get emotional over this bloodbath
    remember what happened to bank stocks (and the entire market) in 2008
    thinks will look bleak for a few more months, but I'm confident that this oil stock selloff (and oil itself) is way overdone ... traders are in control amplifying the loss, just be patient the market (and SDRL) will recover

    Sentiment: Hold

  • furball_80110 furball_80110 Dec 8, 2014 8:55 PM Flag

    blah blah blah
    anybody can file a lawsuit, that's the first thing that happens when the share price tanks

    Sentiment: Hold

  • furball_80110 furball_80110 Dec 7, 2014 7:38 PM Flag

    paper gold blah blah blah
    just face it, fiat currency (specifically U.S. dollar) is where it's at, this gold stuff is so passe

    Sentiment: Hold

  • Reply to

    Obama spending

    by lan_wan_man2003 Dec 7, 2014 6:13 PM
    furball_80110 furball_80110 Dec 7, 2014 7:37 PM Flag

    he's desperate ... nobody else would listen, so he posts here ;-)

    Sentiment: Hold

  • Reply to

    Be cautious when buying this stock guys

    by tt321boom Dec 7, 2014 5:51 PM
    furball_80110 furball_80110 Dec 7, 2014 7:19 PM Flag

    Poor chevy malibu ... I hope I'm not responsible for your investment in SDRL ;-)
    First ABX, then this #$%$... wow. Well, ABX is a pure mistake, bcuz the investing thesis is flawed: fiat currency rules, gold does not.
    SDRL will see better days. My cost basis isn't as high as yours, it is $33/share. I have decided not to trade anymore. My Barron's subscription has lapsed. I did renew my Stock Trader's Almanac subscription. We shall see how SDRL does in the new year. My wife certainly doesn't want me to trade EVER AGAIN ;-)
    Good luck to you.

    Sentiment: Hold

  • furball_80110 furball_80110 Dec 5, 2014 7:48 PM Flag

    Very funny joke! You are joking, right? The dividend was suspended ... that's part of the reason why we are so low now. Ouch.

    Sentiment: Hold

  • furball_80110 furball_80110 Dec 4, 2014 7:34 PM Flag

    Just hold ... now is the absolute worst time to sell. Wait until at least mid-2015, when there should be more clarity on the Rosneft deal and the price of oil will have stabilized (and Brent hopefully back above $80/bbl). PATIENCE. My cost basis is higher than yours ($33/share). Easy to get depressed holding this at such a loss ... valuation is based entirely on sentiment currently, which is very poor. Stock trades way below the value of the company.

    Sentiment: Hold

  • furball_80110 furball_80110 Nov 26, 2014 8:02 PM Flag

    Or sell, I don't care what you do. I'm holding. Just don't let fear make your decision for you. This is still the same company as before ... true, no divi currently, but it will come back. It does not matter what the current valuation is, that will not affect significantly what the future valuation will be next June. What matters is whether the majors start cancelling their deepwater exploration programs, the price of oil, and the Rosneft deal. Those things are still unclear. Even if the Brent oil price does stay around $80/bbl next year, I still think SDRL will come out of this weak period a stronger company, and oil prices will eventually go up again. So, it may take a year, but we will see $35/share again and divi reinstated. GLTA

    Sentiment: Hold

  • Read the NADL earnings transcript:

    "The deal with Rosneft is North Atlantic Drilling delivering on releasing that potential and we have been excited about being the first and the only drilling contractor who have been able to penetrate this market. It is therefore very disappointing for both us as management, as well as for our board of directors to see that events and factors outside our foothold [ph] have forced us to delay the closing of the agreement with Rosneft till May 2015. Rosneft shared our view on this. They are just as disappointed as we are.

    In order to mitigate the current situation we are currently working, obtaining, the required exemptions from relevant authorities in light of our contracts having been signed prior to the effectiveness of the sanctions. This is a process that takes time however; we are hopeful that we'll be able to conclude on this before May next year. As such, unless there be no doubt about it both ourselves and Rosneft remain committed to the transaction and we will continue to work hard and cooperate in our efforts to make this happen.

    ...

    Before this quarter, supporting however they both [ph] in the quarterly assessment of this pillars has concluded that the company needs to suspend the regular cash dividends as a responsible course of action in order to protect the company and all our shareholders from the recent market development and increase short term risk we see out there.

    In order to avoid any ambiguity on this, let me underline that our dividend strategy has not been suspended or changed in any way, and that we will consider assuming the regular quarterly dividend as and when all the supporting pillars regain sufficiently strong foundation. The timing of this is uncertain at the moment, first we will keep you updated on the development of this each quarter going forward."

    Sentiment: Hold

  • furball_80110 furball_80110 Nov 25, 2014 5:41 PM Flag

    Chairman Gao is an idiot ... that's why they couldn't get their poop together and make the required filings on time. He certainly is stupid. And, I'm stuck holding this loser stock. Who is the bigger fool? Well, I was scammed, along with many here. Scammed by this Chinese forker. He doesn't care a bit about us investors.

    Sentiment: Hold

GLW
23.22+0.08(+0.35%)Dec 24 1:01 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.