They only lost that money if they panicked and sold. If they remained calm and listened to the facts, they would have doubled their position.
I don't think the shorts will cover unless oil jumps $5 overnight. There isn't much RIG can do right now to motivate them. Even announcement of holding dividend into 2016 wouldn't help right now.
Coherent responses only. This company has some value, but a $15 PT seems absolutely insane.
Mr. gravis909, what you've just said... is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul...
The PTs for RIG are all over the place. What's up with that? It's either sub-$20 or $40 PTs it seems like. And I don't understand the sub $20 PTs, even with a dividend cut in half. Oil is never going away.
You fail reading comprehension? Have you seen what RIG and ARCP have done since I bought them? Blows this out of the water.
Do they have to pay fees for suspension? I would expect so, you just can't tie up a rig's schedule and not pay anything to defer it to a later date.
Was I nuts buying IRM and telling people here to buy IRM at 27-28? What about DLR at 45? I work in the REIT sector. ARCP is fine. Nick is a sleaze bag but doesn't mean the tenants will stop paying their rent.
Even the dividends received today. Spent a lot the past week buying RIG and ARCP with their 10%+ yields. I'll revaluate my rebuy position at a later time.
Ok smart guy, then wouldn't it be higher if he actually performed? This is all due to the REIT conversion which Meaney wasn't the architect of.
You're joking right? Earnings are expected to go down as revenues will go down due to less demand for the rigs.
I see the dividend getting cut to at least $2.50 with reduced earnings. Some idiots will panic on that news, but its still a solid value at the current PPS.
Agree on a lot of things except $125. I see the $100-105 range again. $125 would need ISIS taking over Iraq's oil supply or other major event.
LOL @ "...neither can he compel RIG management to do the same." Uhmm, he's trying at AAPL that has about 50x+ the market cap. Try again shorty.
He spends too much time whining about Apple buybacks that he needs to spend more time on RIG.