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Intel Corporation Message Board

furball_80110 20 posts  |  Last Activity: Jul 1, 2015 3:08 PM Member since: Dec 11, 1999
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  • the conclusion the author reaches is:
    "This new CapEx plan is a cautious positive for the offshore drillers such as Seadrill, because it seems to allocate the lion's share of the new CapEx towards exploration and production."

    Sentiment: Hold

  • Reply to

    I'm out

    by gfxsteve Jun 30, 2015 12:26 PM
    furball_80110 furball_80110 Jul 1, 2015 3:03 PM Flag

    My source may be wrong, but a recent article about it on seekingalpha says PBR isn't cutting their offshore exploration budget ... and if that's true, then NO it isn't something to worry about for SDRL ... but that may be why energy stocks are selling off today

    Sentiment: Hold

  • and you certainly shouldn't be investing money you can't afford to lose ... so, what, me worry?

    Sentiment: Hold

  • furball_80110 furball_80110 Jul 1, 2015 2:59 PM Flag

    I doubt we will see this stock drop to $5, because I do not think they will do any secondary and I don't see any other new negative catalysts occurring. I think the low this year will be $8, and you will be lucky to get it as it will probably bounce strong back above $9 shortly thereafter. Remember that John Fredriksen bought a bunch of SDRL shares towards the end of last year at approx. $18.50/share. Oil price won't drop much more than where it is currently either, Saudi's appear to like where it is at and will keep it around $60/$65 per bbl Brent.

    Sentiment: Hold

  • Reply to

    no rush to buy

    by furball_80110 Jul 1, 2015 2:26 PM
    furball_80110 furball_80110 Jul 1, 2015 2:50 PM Flag

    It isn't just SDRL, today practically the entire energy sector has sold off. I don't worry when I see something like that ... machine/algorithmic trading. They create volatility like this to #$%$ investors into selling. Nothing has been announced recently to justify this sell-off, IMO - Greece defaulting on its debt is the only big recent news I can think of that would affect the market, why it causes a sell-off in energy stocks is beyond me but apparently that's the reason. Perhaps funds are rebalancing, and pulling money out of energy stocks to put somewhere else where they believe there is a short-term opportunity. Who knows. Today is a short-term blip. Granted there is no current positive catalyst to drive up SDRL, but at the same time there is no new negative catalyst either. If you have held this long (I have), today's price action is not the reason to sell. Also, we are in the seasonally-weak period of the year for stocks, if you believe the "Sell in May and go away" mantra.

    Sentiment: Hold

  • Reply to

    I'm out

    by gfxsteve Jun 30, 2015 12:26 PM
    furball_80110 furball_80110 Jul 1, 2015 2:46 PM Flag

    You are either a lying shortie, or else haven't done much research on this stock. There is no reason currently for them to do a secondary. There is every reason to think they can push out their new builds. They already have commitment from their lenders. They have been reducing their debt. Their contract backlog for 2015 is fine.

    Sentiment: Hold

  • furball_80110 by furball_80110 Jul 1, 2015 2:26 PM Flag

    There is no rush to buy into this stock now ... just wait and keep watching. Potential positive catalysts:

    1) failure of Iran nuclear talks, indicating economic sanctions against Iran won't be lifted anytime soon - next month?
    2) SDRL announces they have postponed some of their newbuilds - next 3 months?
    3) Russian sanctions dropped permitting North Sea oil exploration - no sooner than 1/16

    Of course there are always more reasons lately for SDRL to continue to sell off, so if you want to buy more, you will probably get your opportunity this year to buy more below $9/share if you are just patient and watch and wait. In a month or so, I may be ready to put a little more in at a price $9/share or less, to swing trade it. GLTA.

    Sentiment: Hold

  • Reply to

    SDRL PE =3

    by nanidog777 Jun 24, 2015 8:00 PM
    furball_80110 furball_80110 Jun 24, 2015 8:43 PM Flag

    Makes sense to me. SDRL is trading based on where folks think this market is headed. The lack of any divi to prop it up also contributes to the low valuation. There is a little good news though: economic sanctions against Iran will likely remain in place. Let's hope (for NADL) that economic sanctions against Russia get lifted early next year, at least the part that has to do with deep water drilling. EU has extended it to January 2016 to make sure Russia respects the peace agreement in Ukraine.

    Sentiment: Hold

  • Reply to

    Something Is Really Wrong With This Picture

    by byebyebirdy08 Jun 11, 2015 2:34 PM
    furball_80110 furball_80110 Jun 11, 2015 3:57 PM Flag

    Just pessimism over where oil prices are headed. OPEC is increasing supply to match demand, and this is keeping oil prices low. There doesn't appear to be any relief soon. I wanted to see $80/bbl Brent by the end of this year, now I'm not so sure if the Saudi's keep increasing supply.

    Sentiment: Hold

  • Reply to

    SDRL truth

    by markpgilliam93 May 29, 2015 12:14 AM
    furball_80110 furball_80110 Jun 3, 2015 8:01 PM Flag

    SDRL management thinks they are in the middle of bad market conditions for offshore drilling services, which they expect to continue through next year. If you think they will reinstate the dividend before the bad market conditions recover, you are mistaken. I was hoping we'd see $80/barrel Brent oil later this year, now I'm not so sure. Even if we did, at this point I do not expect SDRL will reinstate the dividend this year. Now, if we get some good news about the NADL Rosneft contract,, *that* could be the catalyst to cause them to reinstate the dividend, but that won't happen until economic sanctions against Russia are dropped (at least the part that prohibits SDRL from providing offshore drilling services to Rosneft in the North Sea), and if we are lucky that may happen towards the end of this year but not sooner. I expect we won't see a real recovery in SDRL share price until they reinstate at least part of the dividend, and that won't happen until sometime next year if we are lucky.

    Sentiment: Hold

  • furball_80110 furball_80110 May 12, 2015 9:22 PM Flag

    Remember that SDRL board is expecting a prolonged slump and they want to clean up the table (i.e. do acquisitions) at the end - how can they do that without cash? I know you are now going to call me a basher, but I am long too many shares at $33 cost basis so obviously I want the same thing you do. So, I do not think we will see the divi reinstated this year, and the earliest if it did happen this year would be around November IMO.

    Sentiment: Hold

  • Reply to

    did you fill out and send in your claim form?

    by furball_80110 Apr 20, 2015 11:08 AM
    furball_80110 furball_80110 Apr 23, 2015 1:01 PM Flag

    in my case, that's at least $100
    anyways, the class action lawsuit is ongoing, filling out the form entitles you to any future settlement from other parties besides Sherb

    Sentiment: Hold

  • Reply to

    why is SDRL down while oil is up?

    by daicheng0722 Apr 20, 2015 12:45 PM
    furball_80110 furball_80110 Apr 20, 2015 8:42 PM Flag

    hey, jacka$$, I'm long and plan to keep holding this stock
    stop your attacks and name calling

    Sentiment: Hold

  • Reply to

    why is SDRL down while oil is up?

    by daicheng0722 Apr 20, 2015 12:45 PM
    furball_80110 furball_80110 Apr 20, 2015 3:34 PM Flag

    IMO we won't see a real move up until SDRL reinstates the dividend.

    Sentiment: Hold

  • Reply to

    did you fill out and send in your claim form?

    by furball_80110 Apr 20, 2015 11:08 AM
    furball_80110 furball_80110 Apr 20, 2015 3:31 PM Flag

    http://www.chinaintegratedsettlement.com/

    Sentiment: Hold

  • Reply to

    did you fill out and send in your claim form?

    by furball_80110 Apr 20, 2015 11:08 AM
    furball_80110 furball_80110 Apr 20, 2015 3:31 PM Flag

    google "china integrated settlement angeion group"
    I will try to paste the link, but probably I won't be able to

    Sentiment: Hold

  • I did. A measly 2 cent per share settlement from Sherb doesn't amount to much, so let's hope they succeed in getting that forker Chairman Gao over a barrel.

    Sentiment: Hold

  • Reply to

    There will be a spike up in SDRL

    by tom48482100 Apr 13, 2015 6:55 PM
    furball_80110 furball_80110 Apr 13, 2015 7:00 PM Flag

    That's perhaps too hopeful ... I think until they reinstate a dividend, this stock won't go up that much, my guess is we could hit $14 again w/out divi but I don't think much higher. Probably the earliest they will reinstate a dividend would be this November, I do not think they are in a hurry to reinstate it though so I expect it will be late 2016 before we see that happen.

    Sentiment: Hold

  • furball_80110 furball_80110 Apr 7, 2015 4:49 PM Flag

    SDRL paid a dividend then, didn't they?

    Sentiment: Hold

  • Reply to

    15 by summer and 20 by end of summer

    by kevinvests Apr 7, 2015 2:46 PM
    furball_80110 furball_80110 Apr 7, 2015 3:20 PM Flag

    If it hits 18 by end of summer, I'm selling half my position because it will then drop a bunch. This stock won't sustain those high prices until they start paying a dividend again, and I don't see that happening before November 2015.

    Sentiment: Hold

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