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CSX Corp. Message Board

germantownes 9 posts  |  Last Activity: Jul 8, 2014 5:34 PM Member since: Jul 9, 2013
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  • Summary
    •Seadrill takes advantage of cheap money to fund new rigs.
    •5% price drop is overreaction to non-dilutive transaction and a buying opportunity.
    •Convertible Debt offering is business as usual, no reason for alarm.

    The market appears to have overreacted to today's announcement by Seadrill (SDRL) that it is issuing a $1 billion convertible bond offering. The senior, unsecured bonds, which will have a five-year maturity and yield 2.0%-2.5%, are convertible at a 30%-35% premium over the volume weighed July 8 stock price.

    SDRL announced the issuance of medium-term debt taking advantage of today's very attractive rates. Cash cost is approximately 2.3% and "all-in" costs are about 2.6%, less than 1% above US Treasuries.

    This is business as usual for SDRL, which completed three debt offerings in the first quarter of 2014.

    Potential dilution is a little over 4%, but would only occur if the stock appreciated 30%.

  • Reply to

    California Resources!

    by mike37jcwa Jul 4, 2014 11:40 PM
    germantownes germantownes Jul 8, 2014 2:41 PM Flag

    There will not be a split with the spinoff coming up. Oxy's pps will decline dramatically with the spinoff, with the loss of the California assets.

  • Reply to

    Does this stock EVER go down?

    by mr_greenbubbles Jul 3, 2014 2:16 PM
    germantownes germantownes Jul 8, 2014 9:34 AM Flag

    Why, yes it does go down. Look at today's pps, down $1.76, 4.5%, at market open. Yes, Virginia, it does go down.

  • Why Eagle Ford producers will benefit first from US oil export:.

    Market Realist
    By Kshitija Bhandaru

    What is condensate?

    Condensate is made up of short hydrocarbon molecules that weigh much less than the long hydrocarbon molecules in regular crude oil. As a result, condensate is considered to be a very light kind of oil. The mixture of hydrocarbons in condensate range from highly volatile natural gas liquids (or NGLs) to naphtha range materials resembling gasoline. This makes condensate very versatile. NGLs commonly produced with condensate include ethane, propane, and butane. Condensate earned its name because it’s a vapor in its underground reservoir that condenses as it rises to the surface, where the temperature is lower....

    Eagle Ford and condensate production

    Condensate is produced along with oil and gas. The Eagle Ford Shale in Texas is considered to be one of the major producers of condensate. According to the Energy Information Administration (or EIA), as much as half of oil production from the Eagle Ford falls under the condensate category.

    The condensate rich areas of the Eagle Ford lie toward the western and southern parts. Companies that will benefit from these positions include Pioneer Resources (PXD), Marathon (MRO), Murphy Oil (MUR), and Devon Energy (DVN) who are the biggest condensate producers in the U.S.

  • Reply to

    California Resources!

    by mike37jcwa Jul 4, 2014 11:40 PM
    germantownes germantownes Jul 6, 2014 1:24 PM Flag

    " OXY has underperformed the whole sector!'

    You are correct. I have viewed the two and one year interactive comparison on the four oil stocks that I own, OXY, BP, MRO, and COP. And OXY has definitely been a laggard when compared with the others.

  • This Bozo is just trying to get attention and monopolize this board with idiotic posts. Hey, shark, go seek your attention elsewhere and get off this board. Nobody cares about your idiotic posts.

    Shark is wasting the CSX board for any posters wanting to make relevant posts regarding CSX. Get rid of this moron now. Let him seek attention elsewhere.

    Sharkbite = sad/lonely/pathetic poster who gets no attention anywhere else. Jettison this boob.

  • Reply to

    To Quote Mark Twain....

    by fivestarsam Jun 27, 2014 11:38 AM
    germantownes germantownes Jun 29, 2014 8:53 AM Flag

    "FYI: Both Mark Twain and Elvis are seriously dead, no exaggeration." It was just a matter of time.

    And Diana Containerships is also dead, just a matter of time. And it's funny how time slips away.

  • Reply to

    To Quote Mark Twain....

    by fivestarsam Jun 27, 2014 11:38 AM
    germantownes germantownes Jun 29, 2014 8:46 AM Flag

    "To Quote Mark Twain...... "The reports of my death have been greatly exaggerated.""

    FYI: Both Mark Twain and Elvis are seriously dead, no exaggeration.

  • germantownes by germantownes Jun 24, 2014 9:48 AM Flag

    So, I bought some shares of KKR this morning. 7.2% annual dividend plus this is a growth stock. As for Wmih, I'd never buy a stock that's such a pig.

32.39+0.05(+0.15%)Sep 18 4:03 PMEDT

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