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Star Bulk Carriers Corp. Message Board

gringo33339 4 posts  |  Last Activity: Nov 17, 2015 12:58 PM Member since: Dec 9, 2009
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  • Reply to

    Buy-out coming

    by boat9man Nov 16, 2015 3:38 PM
    gringo33339 gringo33339 Nov 17, 2015 12:58 PM Flag

    I wouldn't be surprised one bit. Think about that PR put out in early October. Why would you send out a PR that says you will cold stack a rig that has 9 more months of employment? One reason would be to drive the PPS down ahead of a transaction, if that transaction was going to be with a related party...

  • Small beat on revenues, met on eps expected loss
    Big news was Seph taking over the helm. The street will respond positively IMO.
    Slightly disappointing that average revenue per device dipped, after rebounding last Q. Especially given claims on the call that unproductive accounts had been culled, explaining the dip in number of active accounts.
    Nevertheless, better than last Q3's seasonally blah numbers.
    GLTA, shouldn't go lower, may move higher on CEO news.
    Cash burn should slow moving forward based on comments during the call.
    Analysts seemed overall positive on the quarter, not sure why.

  • From Noble Energy's press release today:
    The rig which drilled the Humpback well [Eirik Raude] will be released to another operator before returning to Noble Energy to spud the Rhea prospect in late 2015 or early 2016.
    The fleet status currently shows the rig's contract in the Falklands ending in November 2015. The Noble release seems to indicate 2 more contracts....

  • gringo33339 by gringo33339 Aug 31, 2015 9:28 PM Flag

    9k shares, feels like a nice entry point.
    In the last 3 months OIL is down 26%
    ORIG down 55% or about 2X to the downside.

    In the last 5 days, OIL is up 25%, with ORIG only up 22%.

    It seems to me that there is plenty more room for ORIG to respond to the recent bump in OIL, especially since today's move is based on now restated lower US production data.

    Other names like PGN that had been excessively punished have been rocketing higher. ORIG should follow given strong backlog and quality assets.

0.9403+0.0036(+0.38%)Nov 25 4:00 PMEST