Getting rid of the CEO was a start, but I am going to wait to see UTX make a few smart moves (like
beat a quarterly earnings report) before I would put new money in this stock......
If the market has another 10 % correction in early 2015, UTX will go down more than the average
UTX is better with a new CEO.......but not good enough yet for my new investment.
Don't look like it .........this CEO is being fired/retired with an $ 172 million exist package
What BS that a poor CEO gets so much $$$$ for underperformed
Why not just demote him, give him a desk in some basement and pay him $1 per year
based upon his CEO under-performance.
The common shareholders should get a $ 172 million special dividend in December from
the Board, instead of paying off a weak CEO who ran this firm poorly...........
An 8 % yield on an off-shore drilling stock is not "too good to be true" in the current stock market
environment.....stop lumping all off-shore drillers into the same situation, it shows your lack of
When Brent spot reverses ESV stock price should rebound as well .......not all drillers are created
equal, due diligence tells smart investors this who can tolerate near term volatility.
ESV capital structure is much different than JF's over at SDRL.
At current $ 37.25 price ESV yields a " still reasonable" 8 %
Nothing happened to ESV other than the SDRL announcement
and the Brent spot drifted lower before the OPEC meeting.
IMO its the nervous/weak hands selling the entire drilling sector.
Bad move long term
Who are those "Asian and Chinese drillers cutting prices" who have the required know-how, without
SLB, HAL, NOV, BHI & #$%$ to successfully drill where Russia/Rosneft needs to produce.....??
What happened today was not a surprise to knowledgeable investors, only rookie traders, IMO
You have no clue .....only a net short position
Feel free to voice your actual short thesis for PACD, but to stay its a bankruptcy play is folly....
Make a contribution not some BS statement, please
The 2015 dividend was modified yesterday, because $ 30 million will go to a buyback.
Everything needed to fund a 2015 dividend was accomplished in 2014.
To remove the full 2015, IMO would mean the P Mistral gets zero extension from
PBR in 2015......Beckett did not indicate that the P Mistral was a cancellation risk.
I would agree with you that the 2016 dividend is up for total review.
Thanks for your posts,,,,,no offense intended disagreeing with you on this topic
Let's see how smart PACD really is as an equity investor......
The buyback is approved for "up to 8 million shares, up to $ 30 million"
So IMO, PACD should WAIT to start buying back PACD shares once the Brent price
collapse plays out. Right now all seem to think this drop goes on forever, but Brent
will bottom round $ 74, perhaps.
Maybe PACD buy 8 million shares at approx $ 5.50 thus spending the full $ 30 million
and they would buy about 5.54 million shares ........or will they mindlessly start buying
today, while the knife keeps dropping with Brent...?
I hope pACD waits to make sure the buyback has a positive influence on an orderly
price bottom for its stock, instead of "blow its load away" on this drop trend .......
PACD debt interest rate for their debt is 5.5 % .......why pay off a interest expense that low....?
Let the banks help fund the operations if need be through the next few/several quarters of slow
business....that's what debt is for........pay off debt when times are great and cash is plentiful.....
Its been recommended and approved based upon 2014 cash-flows......
Unlike the JF SDRL balance sheet PACD debt is maintained at a lower interest rates.
The 2015 divdiend could be cut 25 % though, to pay for the buyback.
The 2016 dividend is the dividend that is in question now for PACD shareholders.
Great earnings as expected, the dividend is gone, as I expected.......and NADL is still down 17 % at
Why....? Think today's spot Brent
No real reversal will occur in this stock until Putin shows signs of wanting to settle with the world powers
and drill the Kara Sea reserves......
6 weeks ago when folks said "between $ 2 and $ 3" I thought they were crazy, now I wonder when
NADL breaks the $ 1 mark ................
What data or proof do you have for your HFT rigging of NADL.....?
I do feel that investors are selling NADL again, based on weaker crude prices
WSJ is reporting that OPEC is moving toward a production cut compromise...this would help energy
stock prices if the spot Brent stabilizes
But today spot WTI & Brent are lower & so is NADL as the selling continues
An unnamed OPEC official said Monday that OPEC would agree to allow Iran, Iraq and Libya
to continue to produce at their pre-Nov 27th supply levels. those countries would not have
to cut their production, but would not be allowed to increase production either.
Sounds to me this would make it easier for the Saudis to cut their swing production to meet the
OPEC agreement, if one is achieved. This would seem to indicate that a cut is more possible
which could put a floor on spot Brent prices. This would be good for NADL's stock price.