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Atlantic Power Corporation Message Board

infoonstocks 4 posts  |  Last Activity: Feb 23, 2015 10:27 AM Member since: Nov 9, 1999
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  • infoonstocks infoonstocks Feb 23, 2015 10:27 AM Flag

    Additionally, PBR dumped planned (future) rigs with SDRL where they have considerably less sunk costs than existing rigs. Existing rigs are likely profitable at $40 because of sunk costs. That's why existing shale rigs are not layed down until they wither. PBR/Brazil will need the cash flow from pumping existing offshore rigs. There is no reason to believe the 4 PBR ESV rigs are in jeopardy, unless of course you are stupidly trying to foment short sentiment. Offshore represents 35% of world oil production. If everyone summarily dumps offshore rigs, crude will be over $200 in 12 months. Not gonna happen. The cost to restart would be huge. Growth will be curbed for sure in the near term, but remember that many future projects have a 30 year life- the larger, solvent players will not cancel because of a near-term drop in crude prices. PBR is a wildcard, but they need their existing rigs. Expect volatility, but hopefully we will continue to be paid to wait.

    Sentiment: Hold

  • Reply to

    Will ESV cut div to 3% now that RIG has done so?

    by ramstocks Feb 15, 2015 9:50 PM
    infoonstocks infoonstocks Feb 17, 2015 6:46 PM Flag

    No one is surprised that SDRL and RIG have gutted their div payouts- they have terrible balance sheets. ESV does not have their debt problems and supposedly has value-added standardization and practices that should allow them better margins than their competitors. Investors who buy best of breed companies with strong balance sheets over high-flying high debt companies SHOULD be rewarded during times like this with a sustained dividend. We'll see.

    Sentiment: Hold

  • infoonstocks infoonstocks Dec 29, 2014 8:33 PM Flag

    The div is relatively unimportant compared to pps. I'm playing this over a several year period for a turnaround in commodity pricing related to needed infrastructure spending.

  • Reply to

    Pending asset sales

    by stjm99 Dec 1, 2014 8:51 PM
    infoonstocks infoonstocks Dec 2, 2014 7:40 PM Flag

    I asked that very question on Oct 15th- just got an obnoxious comment from an apparent short holder. I did send an email to IR at that time but received no response. Most of the majors who are counter parties to these swaps have long-term vision. They should be fine. Picken's said today oil will be back to 100 in the next 12-18 months... well within my horizon. Not happy about the decline (down $45K), but I'll get paid to wait. If it takes another leg down I may have to grab my junk and double down. Gulp.

    Sentiment: Hold

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