Recent

% | $
Quotes you view appear here for quick access.

BP p.l.c. Message Board

jrmills0014 442 posts  |  Last Activity: 17 hours ago Member since: May 25, 2002
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • jrmills0014 jrmills0014 17 hours ago Flag

    To add insult to injury! Cardiff will take their 5% of any revenues, right off the top, of any revenues Drys and Orig generate. For leasing rigs and ships!. Drys and Orig may lose money? Cardiff will be making 100s of millions, regardless? With Drys and Orig generating over $2B a yr.. (If those leases on Rigs hold up) Cardiff(GE) will be taking over $100M per yr, Just for leasing rigs and ships.. And that is beforel GE takes what he wants in compensations and bonuses for running Drys + Orig.. Try to figure out.. How much he takes in compensations + bonuses.. I'll kiss your a.., on Main if you can figure that out??

  • jrmills0014 jrmills0014 20 hours ago Flag

    Mothball? Untill bulkers get about 20 yrs old.. They sure ain't going to scrape a perfectly good bulker.. It will be yrs, before glut of bulkers plays out... As far as any bulkers, being redirected into tankers. (Salt) That bunch of idiots out of Monaco, are trying anything to justify. In 1 yr., losing the $1B they got stk holders to invest. And money lenders have lent them.. For all practical purposes.. All that money has already been lost.. Salt won't last long enough to get bulkers redirected into tankers.. And if so.. Tankers stayed in doldrums for yrs! Probably will be there again, in next yr? As far as spring harvest, creating a rebound.. What's different this yr. from last? Last spring, rates for bulkers were crashing! Only silver lining there. Rates for bulkers can't crash as much this yr. as last.. As they are at historic lows...

  • jrmills0014 jrmills0014 22 hours ago Flag

    What would you expect? That's Drys CEO (GE)s private Co. Who own a bigger fleet of bulkers than Drys.. That handle all leasing, buying + selling of ships for Drys.. Where would you recon a "good" lease on a bulker or tanker would go first? When GE started Drys in 2005.. Drys was Co. who handled everything.. By 07, GE switched everything around.. Since 07.. GE has made himself billions.. Dumping ships ordered for Cardiff on Drys.. When they couldn't get profitable contract's signed.. And have took back some from Drys.. That Drys had absorbed most of building cost.. You got to realize Drys had all their bulkers leased at like $50K per day, in 07.. You need to read 07 earnings reports to realize what GE done to Drys in 07! And since has made all the money.. Waite, Don't tell me after all earnings have dissapeared. And money from sell of 670M shrs have dissapeared.. Drys is being flushed down the toilet, with well over $1B debt.... Oh well, GE can buy up assets, for pennies on the dollar.. Waite, Did someone say he had filed with SEC, for abiity to sell another 1B shrs of Drys? Hell there may be little more blood in this turnip.. Do you realize, when Cardiff orders a new rig.. Cardiff gets payed like 30% commissions on $600M... Why you recon they got 3 newbuild rigs being built right now.. That BTW: They will not be able to pay for... Orig will get killed! Will lose all money already payed to builders! And will owe cancellation fees.. But not to worry about Cardiff and GE.. First thing they do is take their commissions... If you haven't figured out, with the revenues Orig is generating... Why they got like $5B debt.. U B a little slow witted!!!! GE is a selling SOB!! But can't talk fast enough to sell me any of Drys or Orig..

  • jrmills0014 jrmills0014 Mar 25, 2015 11:55 AM Flag

    Let me tell you something.. No other drybulker sold 250M shrs of their stk in 4th qtr.. And got $333M.. Of which most likely went to GE.. Or either went to cover loans he made in the past.. And took that money in past.. As far as psycho barrier.. It sure ain't if BDI gets to 600.. Hell rates for bulkers would have to at least triple, for Drys to even think about operating at break even.. On that note! If BDI went to 1500.. Joe may start nibbling.. Till then.. You can stick that stk you got caught with, where the sun don't shine! Belinda.. Very polite! saying oil prices holding Orig down.. It's going to BK Orig.. And ultimatly Drys.. GE started using Orig stk to make loans when Orig was like $18.-$20.. Now at like $6.50 a shr...

  • Reply to

    Oil rates

    by emerald_hydrangea Mar 25, 2015 5:57 AM
    jrmills0014 jrmills0014 Mar 25, 2015 10:35 AM Flag

    I think Orig is in about the same boat.. As frackers, that cost to drill for oil, was like $80. per brl.. They already shut down.. Just how good are leases in Orig's backlog? They may be good as gold.. But I sure wouldn't bet on it.. I hope you didn't miss.. Where one rig, that was leased thru Aug, was being returned.. They may end up in court? Before Orig sees any of that money? In court.. Stk holders, usually are big losers... Personally, I believe Orig will go BK, before they see any of that money.. Then any money recouped.. Will go to lenders.. Who look like they are going to lose billions...

  • Reply to

    Oil rates

    by emerald_hydrangea Mar 25, 2015 5:57 AM
    jrmills0014 jrmills0014 Mar 25, 2015 9:57 AM Flag

    Yes oil prices should help, a little.. But minute! As stk price for those 87M shrs of Orig stk., that Drys owns.. Have fell from like $13.50 per shr to $6.50.. Now that is big! And for what bulkers are leasing for, makes them less valuable..So the value of those 39 bulkers have lost quit a bit of value.. The 10 tankers. Are doing pretty good, right now! If you think Drys has been reporting profits.. ""DON'T'''' Orig' earnings don't really have anything to do with Drys earnings, any more. GE just wants you to think they do... As it give him the ability to sell $333M more of Drys stk in 4th qtr.. If Drys and Orig earnings were one and same.. They wouldn't be putting out different earnings reports.. Last qtr, Orig reported $87.5M in profits.. He indicates Drys is ""The Co."" And rolls Orig results in when reporting Drys results.. As "The Co." lost $24M in 4th qtr.. Drys lost $111.5M in 4th qtr.. Here is approximate, what Drys has lost since end of 2010.. $1B from sell of Orig stk.. Money from sell of like 370M shrs of Drys stk. From like $6.40 a shr. to now, last 250M shrs.. He sold them for $1.40 a shr.. All of Drys and Orig earnings have been lost.. And money from loans.. Using value of ships and that Orig stk, as collateral.. Now about at end of road! Nothing left to borrow against.. Not only did he get that $333M from sale of Drys stk in 4th qtr.. He pledged the last asset with any value left.. That Orig stk!! To borrow $320M.. Now if analyst are correct.. And Orig's earnings drop to .09 per shr in this 1st qtr.. They won't be able to hide, what Drys is losing... With 670M shrs outstanding.. If Drys reports .10 a shr lose. It wouldn't be but a loss of $67M.. Sad part.. Drys is generating less than $100M in revenues per qtr... BTW: Maybe not yet? Orig is in worse shape than Drys.. With 3 newbuild rigs to pay for and about $5B debt..

  • jrmills0014 jrmills0014 Mar 24, 2015 11:34 AM Flag

    Am i waisting my time.. Pointing out facts like this.. Does any body read?

  • jrmills0014 jrmills0014 Mar 24, 2015 11:24 AM Flag

    In reading my reply.. When Drys announced they were going to pay like $19.75 per shr for ocnf stk and take over like $131M of their debt.. Ocnf stk had already dropped to like $5. per shr.. And deffinatly was going BK..

  • jrmills0014 jrmills0014 Mar 24, 2015 10:53 AM Flag

    You are kidding! His nephew come up with $20M a couple of mths, before Drys bought Ocnf.. Where did that $20M come from?? But then, as nephew owned 51%.. Nobody had any say so as to what him and GE worked out! GE payed well over $100M for Ocnf, than it was worth.. OK.. At the time.. Looked like Orig was going to be adding $400M per yr to Drys earning.. What the hell if he wanted to give his nephew like $50M? In mean time.. Those earnings from Orig, have never flowed to Drys.. Keep this fact in mind.. GE sold 80M shrs of Drys in 2011. At like $5. per shr.. F the fact. His nephew got $50M.. Where did that other $150M go from selling Drys stk, in 2011? I figure, it went, the same place the money went from the other like $4B from Drys and Orig stk went!! To Cardiff.. Georges privately owned Co.

  • jrmills0014 jrmills0014 Mar 24, 2015 9:44 AM Flag

    We should get a better picture of how much Drys is losing when they report 1st qtr results.. Not that Orig's earnings really have anything to do with Drys earnings.. Best I could figure out.. Last qtr they wiped out $87.5M of Drys loses.. Indicating Drys and Orig earning are one and same.. In mean time.. GE sold another 250M shrs of Drys in 4th qtr.. On that belief.. It sure ain't my fault, If ones who bought that stk.. Missed where GE stated: Drys is pure shipping Co.. And Drys and Orig assets and financials have been completely seperated! BTW: I think GE wanted everyone to miss that statement.. As he just thru it in, with one line statement.. In 2013, 1st qtr earnings report... I figure GE has made himself about $4B, off Drys.. Getting people to pay attention. To BS, like EBITDA.. And ignoring little unsignificate statements like that.. Who the F cares what earning would have been.. If Drys didn't have to pay interest on all that debt, or have to pay taxes.. And don't believe depreciation ain't for real.. In first 5 yrs.. Bulkers lose about half their value.. If you really want to know how much bulkers depreciate? Google, Compass Maritime Weekly.. Click onto wkly report.. They tell you what it cost to order a newbuild bulker.. Pay attention.. If you want one immediatly.. It cost about $5M more? Then compare what those bulkers are worth after 5yrs. And then after 10yrs.. As for amortization.. That basically tells you how much GE is taking. That is not included in General + Admin. expenses.. Last thing he wants people to know? On average.. He has been pulling out about $100M per qtr, for last 10 yrs..($4B) Maybe more? All earnings from Drys and Orig have dissapeared.. Money from about $4B of stk sales have dissapeared.. And he has lenders on the hook for about $6B...

  • When they got that $200M loan from ABN.. They had to pledge 53M shrs of that Orig stk.. And I believe were obligated to pledge more, if Orig stk price dropped.. Orig stk was trading about $13.50 at time of loan..And on that $120M loan from Orig.. If Drys is unable to pay that loan.. It's to be payed with Orig stk? Where Katie says.. Drys has 25M shrs of Orig.. That is debt free.. I don't believe that is true? Where she points out Orig earned .66 a shr in 4th qtr.. She didn't tell you analyst have already dropped earning est. for 1st qtr down to.09.. Will Orig continue to pay that .19 a shr divvy?? Of which, of the $25M.. $15M goes to Drys.. I'm sure GE will continue to pay that divvy.. If those partners he has sold part interest in some of those rigs and lenders, that Orig owe about $5B, can't stop him... I think its 50/50 shot.. As to whether Orig will declare another divvy..

  • Reply to

    jrmills on suicide watch this weekend?

    by bigfatty_guns Mar 20, 2015 11:29 PM
    jrmills0014 jrmills0014 Mar 23, 2015 4:00 PM Flag

    In mean time.. What you been living off of? As you been telling people to buy, since it come off $5. per shr.. I made a little money playing it down to like $3. per shr.. But as I got plenty of money.. I just took that little money I made.. And invested it wisely!! In houses and lots.. In local cat house.. And LOTS of liquor!!!

  • Reply to

    jrmills on suicide watch this weekend?

    by bigfatty_guns Mar 20, 2015 11:29 PM
    jrmills0014 jrmills0014 Mar 23, 2015 3:46 PM Flag

    Cancel suicide watch.. Jumped out the window, like people done in 29, during great depression.. But as my house is 1 story.. I got scratched up a little.. Landing in snowball bush...But make no mistake.. I know Drys and Orig will go BK.. But wouldn't bet one penny, you manipulators can't steal every penny bet against you, as yall have ability to drive it higher or lower, with other peoples money! In mean time.. Yall been trying to manipulate Drys since it come off $5. per shr.. I think yall have lost a small fortune.. And going to lose a lot more.. As joe, ain't going to play in a game.. With known crooks!

  • jrmills0014 jrmills0014 Mar 23, 2015 3:02 PM Flag

    Stick around till they report.. Orig won't be reporting enough earnings, to hide what Drys is losing.. GE has sold a lot of Drys stk.. Hiding Drys loses with Orig results., He has basically stole Orig from Drys.. And Orig's revenues and earnings, Don't have one dam thing to do with Drys revenues and earnings.. Last qtr.. Orig reported $87,5M in profits.. At best unless GE, quits taking a lot of Orig's profits.. They should report like $10M in profits for 1st qtr? GE may have started out with good intentions.. But now Drys and Orig.. Ain't much more than a ponzi scheme.. Sad part! In a ponzi scheme. They pay out most money to get get new investors.. GE, ain't payed out *&%# .. While taking all money from stk sales, earnings and money from loans... And I think he can walk with like $4B in 10 yrs.. As he incorperated Drys thru Marshall Isles..

  • jrmills0014 jrmills0014 Mar 23, 2015 1:43 PM Flag

    I don't believe we are close to bottom.. Bottom is like 0.(BK)..If you think I was sitting on any at $1. per shr.. You ain't been paying attention.. I have concluded all the Drybulkers will go BK.. Half basically went BK last yr.. Just a matter of time for the rest... Cause you are trying to convince dummies, to buy stk you got caught with.. Joe tell fatty what he can do with that stk!! Fatty, It Goes up, with lot less pain.. If U use KY or vaseline..

  • jrmills0014 jrmills0014 Mar 23, 2015 1:04 PM Flag

    How have all us dummies done in the past when buying billions of dollars worth of Drybulkers.. I'll tell you how,we have done... The ones running drybulkers, got rich.. While our billions dissapear.. While they took our billions.. They took enough of those billions, to keep ordering newbuild bulkers.. And if they leased those bulkers, at profitable rates.. They have took any profits and Money from stk sales.. Now drybulkers losing so much money.. They are borrowing as much money AS possible against any equity, stk holders have left.. The only thing dead in this cute little game.. Is your brain!! BEWARE of Greek's bearing gifts...

  • jrmills0014 jrmills0014 Mar 23, 2015 12:11 PM Flag

    As you are one of few, that seem to have a clue!!! Drys sold about all the stk they could in 4th qtr. (another $333M worth) Borrowed every penny they could, against that Orig stk they own. ($320M).. As they didn't need but about $520M to pay remainder of that $700M loan.. If GE didn't take it.. Drys should have had about $130M to cover loses for 1st qtr.. GE has been hiding Drys loses.. Reflecting Orig's earnings, belong to Drys.. Biggest crock of BS ever!!! But as Orig is projected to earn .09 per shr in first qtr vs .66 a shr in 4th qtr.. He can't keep hiding Drys loses.. I figure if Orig declares that .19 divvy this qtr.. GE done wrote off Orig, as already BK.. As far as Drys..It's been a money cow for GE, for 10 yrs. to tune of maybe $4B. Just how many shrs of it can he sell?? He does have Capes leased at decent rates.. And those 10 tankers are doing good, right now.. What the hell.. My understanding.. He just filed with SEC.. For ability to sell another 1B shrs of Drys?? No wonder he was elated to have sold $90M worth in 1st qtr, 2014 @ $4.14 a shr... Hell yes! It's worth, seeing just how many idiots, that will keep sending you money.. Regardless of what you are losing.. Or how many shrs outstanding! GE, Go get these suckers!!! What else they got to do with their money..,

  • To extend the lease.. Leasing it for first 50 days for $4.5K per day.. Then leased for about next yr.. $7.2K per day... That tells me a couple of things.. The one leasing it.. Not willing to pay no more than they are leasing for now... But not willing to bet rates for Panys, won't go over $7.2K in next 50 days...BTW: DSX has been recording loses.. And I been following what they get bulkers re-leased at, as they get returned.. Just about everyone. Is getting re-leased for less..

  • Tell all the lies you want to.. If idiots want to believe yalls BS and buy.. More power to you..

  • Reply to

    anyone here making money drys long say

    by bernankeisadaytradar Mar 20, 2015 3:29 PM
    jrmills0014 jrmills0014 Mar 20, 2015 4:57 PM Flag

    Actually that Camaro is a 68..

BP
39.81-0.11(-0.28%)Mar 26 4:04 PMEDT