I gotta ask... what the F does that mean?... could you provide a translator for that
BTW any idiot can see from KMPs report that this will be a very decent Q for EPD
Stock is behaving like it could have a "small beat" on the constantly reduced EPS#.... IF we could beat on EPS and revs I don't see how it doesn't rally to $50
That would be delivering earnings to the bottom line and may even indicate that they finally found a way to spend a few less bucks
Maybe Newman is tired of having his name dragged through the mud... IF Newman doesn't have this above $55 by the next proxy he's done
Al Gore is delusional... he still believes he invented the internet..
and does anyone remember when Al Gore.... the "liberal" went after Frank Zappa over lyrics in contemporary music... the guy is not only delusional he has more swings in his opinions than a pendulum in a clock.... isn't Al Gore still one of THE BIGGEST shareholders in Occidental Petroleum
Oh and BTW if we are keeping track of how screwed up Al Gore is.... Florida should be almost consumed by the ocean by now
odds are that his call on the oil bubble is about as accurate as his Globalwarming call
After showing McClendon the door.......
You can't help but think that he has been amassing a larger position here and will shop RIG after he rids us of Newman
Strength today could be that very reason
and the stock is diving....
Hello... where are the shills to explain all this to us...
Please offer up something that contrasts the theory that the Street hates Newman
just the latest shot across the bow that Wall Street hates and mistrusts...... Newman (always said with Seinfeldesque disgust)
Just what size contract is necessary to be viewed in a positive light?
Could you imagine how SDRL shares would have reacted to this news?
Carl.... please put a resolution on the ballot to castrate this idiot next May
and to the BoD.... if you don't see this coming you're the biggest bunch of pathetic fools to ever sit on a bd.... get ahead of the game... search out a new CEO.... and give Newman the old kickintheass out the door before Icahn acts... you can't be so tied to an individual that you will let the Streets mistrust of him take the whole company down
and splitting the charges over 3rd & 4th Qs....... we could see this kissing $30 by EPS
and that's without the 70 mil shorts running for the exit
News is only news when it is fresh... it would have no PR value down the road because it would be included in all their forward looking statements... Cant argue with a build that not only will pay for itself it will earn a small profit ($350 mil over 5 years).... its a boon to 2021 EPS.... couldn't help the hint of a snide remark
He's a real friggin Einstein
Yeah Einstein said the definition of insanity was to do the same thing over and over and expecting a different result...
One things certain.... raising the debt ceiling without some structural changes to govt spending is INSANE
I bought in may of 2012 with the same thoughts..... Early this year the stock really took off with the Icahn news... then current mgmt. won the lions share of the proxy battle with their creating shareholder value lies...
Since the vote in May... Newman's team has created -20% of shareholder value
He did this in an environment of the highest day rates ever... a $28 billion backlog... and oil way over $100bbl
The environment cannot get any better so the only hope for RIG is a better mgmt. team that actually creates shareholder value
I could go into detail about Newman's other lies such as $350mil in cost cutting by the end of 2013.... but that horse has been beaten to death
We need a mgmt. that can execute.... and it wouldn't be so bad if they executed Newman and crew while they are at it.... and a quick note to those dry pathetic yahoo censors... that's not a threat... its called hyperbole
By Monday we'll know if was just some kind of seizure or something
Its 82 in NY today.... with high humidity.... bodes more towards gas fired electrical generation
My daughter who is at school in Massachusetts says its worse there...
and with the insane weather swings that we see it will be in the low 40s by next week
most of the interview was about Icahn eating with APPLs Tim Cook... and that AAPL should borrow $150B and buy back shares... talked about his huge win in Netflix
Few generic comments were on Boards of Directors who think that they are "Royalty" and think they can do whatever they please in the context of being a business.... called that absurd... said that if you think a CEO is non preforming that you need to get rid of em
Talked about activist investing and a website that he is starting
After hearing the interview... even though he did not mention RIG... its clear he will be making another run at the BoD... and IF that's the case he will do so with a larger ownership interest
I think we will see an increased position with the 3Q filings...
RIG is like his sixth largest position.... Icahn sold billions in other stocks in 3Q and that money had to flow somewhere
A mention on CNBC today and a filing in the next week that he is up close to 10% ownership would take us over $50 again
Of course Newman will take credit for creating shareholder value... which in a twisted sense would be true because IF RIG were not so ineptly managed it wouldn't be so low as to appeal to Icahn for Icahn to give the boost