to help pay back over 11 billion in debt it is only a matter of time before the equity holders get wiped out. The bond holders will take charge and hopefully get back 50 cents on the dollar from the ensuing fire sale of physical assets.
I am starting to buy this one and it is the only oil stock in my account. BP has about 50 billion of purchasing power. Their timing is by mistake, because of the Gulf oil spill, but they sold assets at just the right time. They purchased assets from Devon at like .35 cents on the dollar, greatly enhancing their positioning in the gulf a few weeks ago and will continue this activity in their four other areas of major interest.
No one listens to Cramer but himself and a few uninformed traders. Never have there been so many uniformed sources of noise as concerns the market. Cramer is just noise.
after reading the prospectus was thinking of your comment, buy hold and forget.... as this is not one of those types of investments. Don't forget about this one, as when things change here, they will change quickly and as small investors we will be the last to know. I dealt with GS for 37 yrs and know, they come first and we come last.
Barron's is so bad at picking stocks, they stopped publishing their picks and pans on the front page of their site. The pans were out performing their picks consistently.
free cash flow per share is $6.55 and they pay out $1.84 a share. Doesn't 'approach' anything.
not entirely believeable Samsung will go completely with Exynos, as several years ago the chips covered 70% of Samsung needs. Today it is 20%, as other chips are better. Extremely difficult to ramp up production of Exynos in time for S6. Probably use different chipsets for different markets. Galaxy S5 missed sales proj. by 40%. These guys need S6 to be a winner and this will not happen with a Exynos chipset.
Shale or tight formation oil represents less than 5% of the daily supply. SA is going after Iran, Venezula, Russia, and other high cost producers. The people getting hurt the most are the large suppliers not the tight formation guys. SA can stop the hurt anytime they want.
$104 to $62, and downgrades it today to Neutral. Good going guys.
A common theme that runs through these message boards is the total absence of knowledge concerning the stock market and stocks in general. The SDRL is no different in this regard, but certainly is no worse than the other boards.
Jon is the one that made the worst call of 2012 and 2013, by saying on 12/27/2012 that for the first time he was completely out of stocks. He almost quit CNBC he was so embarrassed by the call.
I day traded this one for a couple of nice watches, for me, and one for my wife.
everyone involved in the Lucas/StarWars deal has been fired, there are still a few around that remember this debacle. This is the same thing.
will move on to another target. WFM will move back to the $60's over the next 12 months, where it belongs. It goes without saying that anyone left short is toast. Serves 'em right.