What specific companies related to 'energy' are they holding the debt for. I see only one , which is a pipe manufacturer. I saw none for energy and gas extraction. Their pie chart is pretty small so I may have missed something. Thanks.
You might be surprised to LEARN that NADL debt is guaranteed by SDRL, which owns approx 70% of the company.. What joy does it give you to post foolish comments ?
Go to the Seeking Alpha website for informed comments and articles. Many people here mistake the Finance section for the celebrity section.
Would you kindly refrain from comments that no one believes. If you had that much invested in this company you would be so wealthy that you wouldn't be bothering with this message board. Appreciate rational comments as many of us are normal investors with a
holding in DFT that we take an interest in. The 11% or so drop in two days is not rational based on the report they issued.
I am long DFT and believe they have issued a very conservative 2015 forecast. I see no reason that NOTHING is going to happen to the tenant in default. Either that company will secure financing, sell the company, or perhaps sublease all or part of their DFT storage usage. It is unreasonable to think that DFT will go a whole year without some action taking place. I do not know how these leases are structured, but I am sure there is a clause that says bye-bye to the tenant after non-payment of rent for a specific period of time. If the tenant cannot pay for their computer requirements, they can hardly remain in business. The tenant did not mention that point. I do not know who the company is or what sector they are in, but DFT was very quiet about them, other than mentioning the data. Another possibility is that DFT takes an equity or debt position in the company in lieu of rental monies and then sells it to a third party. Under the circumstances they should be able to get a very decent entry price point, or a high interest rate. There are a number of events that might happen to change the current circumstances. Obviously DFT is being 'gentlemanly" about the situation so as not to rock the boat, but I expect something will occur that will move the shares back up. Just my opinions.