I can not imagine clf buying its shares. They wil preserve the cash for other uses. I hope to be wrong about this but I simply don't believe they will.
Morgan Stanley commented on Q4 earnings results for Seadrill Ltd (NYSE: SDRL) Thursday and maintained an Overweight rating.
The analysts were positive on the company's efforts to fill its funding gap by cutting the dividend, which allowed it to retain $2 billion per year, along with $250 million gained from cost cutting initiatives.
While the company did not buyback any shares in Q4, John Fredriksen increased his stake by 4 million shares at an average price of $12.16 per share
There is so much fear right now in anything oil its scary.
I got an email reply from IR Dept last week (Paul, I think) with links to 6 or so comments LG made defending CLF. Most seemed to happen at company meetings with employees, and Paul hinted I wasn't paying attention the messaging they are doing. My email was about not doing a good enough job communicating to WS, based on trading and volumes.
If he hadn't sent me those links I never would have found out they said anything. I wonder if they really think the have a handle on messaging? Volume tells us they need to do something different, and they just will not consider something different. I like what they are doing as a company, I hate what they are not doing to drive this message home where it matters, not at company meetings or select interviews here and there, but on main street.
In the early afternoon I was watching a 8,8000 share block trade in increments of 100/200 shares and the entire transaction took almost 3 minutes to complete. This is how few have been in the markets of late. By the end of this week at this rate the 10day avg vol goes from 12m in January to maybe 4.25m by Friday (now at 4.9m). what a drop in activity
6.5m shares light of its avg 10day vol. Very small trading in SDRL on a volume basis. Both released earnings and SDRl is seeing very little vol relative to RIG
Yes, that's right. Was reported on CNBCthis morning, thinking is this short term pricing of 49 will have to rise up to the futures price of 60
I am looking forward to the CC. All-in-all the ER was better than expected. Before they were afraid of today ER and now that wasn't so bad so now they fear tomorrow. I listened to RIG CC for a clue about what may happen over at SDRL. Do not think this selling is merited.
The Saudi's need to do their part and stop blaming N.A. drillers and look to themselves as contributors to the declines and co-partners in the repair.
P.S. 3m share days is proof that they do not have good PR. Volume should tell CLF they failed here and must look at new avenues of communication.
It's a rehash of everything we already know. LG his IR department calls it messaging. It is not. CLF must get on the public media shows like CNBC, Bloomberg, Fox Business and others and stop depending on company meetings or small interviews for their PR, where unless you search really really hard, you'll never find the PR anyway. Someone needs another job over their.
If oild could jsut stabalize this could help in a big way.
With avg 10 day vol now at 4.9m (down from about 12m not too long ago), short covering duration will move to 20 days to cover at this rate. I know when it happens vol picks up, but wow for now!
Neither RIG or SDRL earnings turned out as bad as many thought, so depending on what WS thinks about them on a going-forward basis, including the bigger short postions held on these stocks, also based on the pre-market take-down of the last hour from pre-market highs, I suspect things settle up later on for both stocks. All-in-all SDRL beat on all metrics given one of the worst environments in a decade for anything oil.
Is SDRL CC around 1pm EST today?
I think your missing the bigger picture. While you are waiting for price appreciation to show itslef you are missing out on what is actually happening. Both RIO and BHP are getting money flow. VALE and CLF are not in the same way, but CLF is.
On a one year chart you'll notice the longest basing period for CLF over the past 52 weeks and the slope is a gradual penny by pennt advance. CLF hasn't touched the January low of $6.04. IO pricing is improving. CLF changed its stucture. Things are likely happening very slowly, but happening.
Money flow the last 30 days sucks becaue CLF is trading 50% or less of avg daily vol. Once vol returns we'll know for sure, but for now I think you have the direction wrong.
money seems to be flowing in.
or for everyone. The most interesting parts for tomorrow will be what they are doing with the savings from the divi and contract clarification. I just hope SDRl doesn't get hammered by anything bad frm RIG news tonight.
I was trading Apple when the stock was at $300 in 2013 so I remember the message board debates on Yahoo well. Apple based at $300 for 6 months before it broke out and never looked back.
While I was trading Apple posters (and almost all the WS analysts as well) had all given up on Apple. They said it was dead, that Cook could not get anything right, that Apple had no new products, that the Apple story was dead and buried forever. These were the common thoughts and conclusions while Apple based for 6 months.
Does this familiar with CLF. Ohtaegun more than anyone expects CLF to go up daily starting two years ago. Well, the structural changes were just put into place and I really believe it won't be very long before a news story comes out that brings life to CLF. Too many good things are going on right now in the company for shorts to maintain control.
You msut know the shorts are gong to throw every trick in the book at CLF with 68m shares short. They do not want this to get away from them, and they may be affraid because this stock on decent short covering and interest new longs could send CLF up by 100% in a few days time.
I am not comparing CLF to Apple. I am comparing the story line of the two and reminding you about the utter hate on Apple in 2013 followed by the love affair today. Maybe, just maybe the same for CLF
does he really care that much. This is a special hate-story for those folks.
You need to do yourself a favor and forget where CLF started from 3 or 4 years ago. The IO stocks are all at/near decade lows. What matters today is what CLF doing now compared to the others, and the charts today are the same. Do not try to tell me VALE is doing fine.
We all know what CLF history is from the previous management, and no other IO producer did what CLF did. You might feel better if you change where you are starting from unless you bought it at 100 share.
On a second note, sometimes there is over a minute between trades and then its 100 to 1000 shares being traded in increments of 100 share blocks. Watch it unfold. No big players are hitting CLF. It's the MM keeping flow going or some silly retail trade. There is no evidence of your conviction to short here. Maybe it appears when volume does, but hardly a good barometer.
Is WS on vacations?
Any guesses if current holders are just not interested in selling their shares? I would think that the spread on bid/ask would widen to encourage sellers but its very narrow.
Interesting and perplexing.