OPEC is pretty much done......? Really..?
OPEC pumps 40 % of world crude needs.
The Saudis are controlling price now. And when they get one other
OPEC member to agree to cut (Ven or Iran) then OPEC will have regained
global crude price control.
Now the Saudis are impacting the US shale producers, the Russians, the
Brazil PBR NOC, the Mexican NOC and the Ven NOC. The Saudis, as the
low cost swing producers are hurting ALL of these producers NOW.
We will discuss OPEC for years to come.
The major IOCs are forecasting Brent below $ 70. Not much new
E&P drilling will take place during the current capital given back
environment. Only existing contracts are being drilled as we speak.
Off-shore non-conventional exploration is NOT a go as scheduled.
Hardly anyone has signed deals to do exploratory drilling in the deep off-shore over the past 6 months.......
US on-shore shale exploration drilling is much different than deep
off-shore drilling contracting....!
In the year 2015 what will be a more rewarding investment ..?
BEAV or PCP or some other Aerospace Parts firm........?
......Just wondering what other investors are feeling for the future.
Is today the first time that the new buyback is having an
impact on PACD stock price....?
The last 4 days were quiet from a price volatility standpoint.
I am not concerned with the "218 off-shoe rigs" number you provide.......as a PACD investor
I only worry about how many new high spec 7th generation drill-ships are added in 2015.
PACD does not compete in jack-ups or semi sector........a lot of the 218 rigs will go into
those segments of the off-shore.
IMO, you are too bearish.
Thanks for the post.....
I think GAP Inc does not directly compete against TJX or
GAP has several different retail platforms and target
a very different customer.
TJX and ROST fight for a brand name off-price customer
who buys for more than just herself. The customer expects
very different inventory each time she enters the store.
RoST vs TJX is a unique segment of the retail sector and
its or that reason these 2 firms deliver strong investor returns
in contrast to so many other softline retailers.......
IMO, GAP has too many different customers that are too
Now investors here can concentrate on investing in an "Aero Interiors only" firm.
Now BEAV is easy to understand and study.
No more crazy CEO stealing cash flows for goofy ideas.
One day does not make an investment premise, but BEAV is off to a good start trading
as a quality aero systems firm.
I will be watching the new CFO, a guy named Joe Lower who came over from Boeing......
How would YOU know what & when Buffett is buying....?
Looks like for the mid session crude is back to its near term behavior.
Crude was up one day.
40 years of investing and you still are blaming the hedge funds and the shorts....?????
I suggest you check the mirror.
Still out there fighting fantasies......?
God bless you, poor soul.
Maybe you should think about talking to a real
person about your issues.
Just a suggestion.
Plenty of avenues available to get help.
I didn't know the Kremlin posted on US investor message boards ........I would think they
would have a lot more important things to be doing now.
The major IOCs you mention have all cut back on their 2014-15 cap ex for E&P.
The same firms you list are delivering capital back to their share holders and making
real efforts to post improved EPS results..
Off-shore Canada will be developed but not soon. There are several off-shore
plays throughout the world that are proven from a seismic standpoint, but yet to
A bid this week does not mean drilling in 2015 .......hold your horses
HE off-shore drilling is some of the most expensive E&P projects in the world.
As all the major IOC re-access their 2015 cap-ex plans, these deep off-shore
projects will be the first to be postponed. Postpone for 6 to 12 months so they
can see how the spot Brent price behaves near term.
Saudis are working because they are producing more crude. Lower Brent
for the EU acts as a major tax cut for their weak economy. Same for Japan.
In a few years cheap Brent will stimulate Brent demand, say in 2016 & beyond.
Lower Brent prices continue for several quarters into the future.
Putin is hosed.