So far in 2015, BEAV is returning a full 10 % more than KLXI.
January 2015 investors are confirming large activist actions in Spring 2014.
AA is coming "down-stream fast" in the US auto industry......
IMO banks want no rerun of the mortgage mess in auto loans.
Good luck on your call strategy.
US dollar up and crude down so far in Europe this week.......
IMO, Brent /WTI makes a new low before it sees $ 60 Brent......
SLB has not bottomed either.
Brent and more so WTI looks to be down Tuesday morning in Europe.
we had a nice pop in crude late last week, but no real reason for a crude reversal
at this time.
Saudis not modifying their tactics yet, so crude trend is down this week.
If ECB does not do a large QE on Thursday, then Brent goes lower faster.....?
SLB back under $ 78 by Friday, I would think tonight.
There is no SEC announcement or fleet status update stating that Meltem is going
to the USGOM......are you saying that VP of PACD External Communications told
you that Meltem is going to USGOM....?
As of Jan 20, I see no news of a PACD plan to move Meltem to the Gulf. Its not
impossible but I don't see that release. Please correct me if I am wrong. News
of a Meltem move all the way up to the USGOM would be material for investors........
IMO, no way Beckett and Acuff sign "a $ 200" for more than
a "few" months.
$ 200 does not cover : daily op-exp + admin exp + interest exp
+ land support exp + % of survey maintenance exp
......for $ 200 might as well lease an old 4 th generation ship
just prior to its 2015 scraping........
I don't mean to be confrontational ........however,
I don't consider US weekly rig count a good/relevant data set to accurately reflect the
changing prospects for global, specialized UDW drillers like PACD.
Off shore drilling is a herterogenic market with many different locations and classifications
of drilling sectors/applications...
PACD operates in only one relatively small segment of the global off-shore drilling market......
the high spec, UDW 7th generation drill-ship sector. Highly specific and highly productive.
25 years old shadow water jack ups rig counts have zero impact on the prospects of PACD.
Given PACD small fleet size, only one firm signing one contract with PACD would have
a large positive impact on PACD finances and stock price. When will this occur..?
No one knows for sure, but IMO, US weekly rig counts is not a reliable indicator for the
prospects for PACD in 2015.
I wonder if SDRL could be a contractor targeted.......JF known for his
"aggressive" business tactics.......and recent PBR drill-ships contracts.
If PACD had acted questionably, they would have 2 additional long term
IMO, look at FRO over the past 10 years, as to how SDRL investors will fare.
Same investor, same results
INTC is a state-of-the-art foundry ..... not much of a mobile emerging tech designer.
INTC margins down showing that too much money is invested in weak or poor returning
INTC business segments.
They needs to understand they do not need to try to dominate every chip market
technology.....they can't do that
INTC needs to do whatever it takes to grow margins
INTC has no margins in mobile.....why be in that business..?
Thanks for your post .......
P Scirocco is contracted with Total at $ 499 until January 2017.
This is listed under the current 1 year contract.
Do you really think $ 200 for high spec 7th generation drill-ships
is plausible. At that level each ship makes zero FCF after op-exp
and interest expenses & GS&MA costs. What's the point at $ 200..?
But I must say your prior posts have carried reasonableness and logic.
Any idea as to how you see PACD, in very early 2016, with a "$375"
avg contract set up......?
Thanks for your post........
I must say you are still winning ........
I still don't think PACD has real solvency issues .......
No, IMO, we only need to see one E&P firm contract a PACD drill-ship in Q1 2015.
PACD is a small firm....we only need to have a large E&P firm make one small decision
in our favor..
Is it possible that Putin, seeing he is painted into a corner, would rather push the "Red Button"......
and die rather than say "Uncle" to the USA........??