seemed like a good report. The DayRates seem to be holding up nicely. Truthfully, I am more excited for RIG and the drillers with MEXICO opening up to outside drillers. (but we wont see too much from that area until 6 months or so.) Long & Strong & Enjoying my dividends - lowering my cost basis yet again.
Barron's seems Really Really late to the bashing party on All the drillers. (I did notice RIG had the least exposure in its article about Brazil.) No mention of Mexico "opening up" ....huh.... hidden agenda, or just poor reporting....
AHHHhhh I would not be Top-Ticking stuff like that for everyone. It's probably more realistic that Most current holders on this board have been here for only a year, or maybe two..... And probably have a cost of 50 or even Under (like myself), and have been collecting dividends since May 2013..... But Top-Tick facts to state / buttress your opinion as you wish. Cheers. (I'm getting another .75 this month)
I get it Ukraine & Russia fighting, and Europe can't / won't truly maintain the sanctions...
However, If Russia - or the Russia Conflict(s) end up with-holding the delivery of Nat.Gas and Oil to Europe and others..... am I wrong in thinking That would drive up the cost & price of Nat.Gas and Oil.?? And wouldn't That also mean that BP, Exxon, Total, and others would then want to start to ramp-up there drilling efforts... to help supply the shortages that Russia and its conflicts were causing on Europe and others.
Just a thought. Where did I go wrong in my thought process....
Regarding Mexico (and gulf of mexico) "We will pursue potential investments in Mexico that are competitive with other opportunities around the world," said Richard Keil, a spokesman for Irving, Texas-based Exxon.... Shell is "following these developments with great interest," Kayla Macke, a spokeswoman for the company, said in a statement.
Drill Drill Drill ...... Folks,...Demand for oil & Consumption of oil is not going to decrease any time soon.
Another Good Report from RIG - even 'glass-is-half-empty', gasman agrees and says it was a Nice Quarterly report. I truly think wall street is making Way To Much of all the 'potential' doom & gloom. The world basically runs on Oil, and the world demand for oil seems to Increase over the years, so...there will remain plenty of drilling for companies like RIG. - especially since many of the newer, larger oil discoveries are deep under water. Cheers to all, and Thank You RIG for another good report. ;) lets start the climb back into the mid $40s yet again.
Really.?? Contracts will be 50% cheaper in 6 months.??..... and I suppose the Average Day Rate has already dropped 50 percent from January 2014 - with all the doom & gloom. (NOT) Hey, maybe OIL will drop 50% too....hey maybe gas prices will drop 50% too....((yeah, I'd love to see gas at $1.50 per gallon again.))
Icahn made a ton with his large stake in Family Dollar stores. He has sold most of that stake, saying there are better places to invest (versus awaiting the Dollar Tree deal to close). So....The Better Question Is This... "Is Carl going to Increase his current stake in RIG, now that he has made progress with the Board Of Directors and a bunch of liquid cash to Increase his position in RIG, and a dividend around the corner.??"
That's the title of a great article, about how those old Shallow water rigs (with new technology drilling in place) Are Indeed Showing More Interest now-a-days. drill, drill, drill..... they're doing it.!
I believe I read that Carl Icahn still owns his position in RIG, as of the last disclosers (he didn't add / nor sell) . - I think I was reading about the new E.T.F. that's now open, and created to own the stocks that Buffet & Icahn are involved with. ((so RIG is now also being purchased by another E.T.F. - to track the steps of Icahn.)) cheers.
seems like a new ETF that's designed to mirror the positions of Buffet & Ichan is now available, and therefore this new ETF will be a buyer (and low turnover owner) of shares. cheers
You are such a bull#$%$....glass is half empty individual. You selectively skew and screw your numbers. Look at a simple graph of RIG. for it's first ten years 1993/94 to 2003/04 the stock doubled and More, with lots of Pops & Drops along the way and dividends too. For the second ten years 2003 to 2013 the stock is still positive a bit (but yes, lagging the market overall); still it had some fantastic Pops & Drops along the way. Now, we are starting another ten year period.... worldwide oil consumption and drilling isn't going down. Rig will be fine..... and you may even escape your short position with a little $, .... but overall RIG will be just fine. excuse me....I gotta go fill up my 20 gallon truck with gas.
well,....from 1993 through 2002 to start with. Then they openly stopped it, removed the payout for the next 10 years and grew the size of the rig fleet. Now, the dividend is back (and time marches on). For ME, the dividend equals 6.38% of my cost.... I'm sure for others (and new shareholders) it will mean much more than that. Cheers.
IMO.... sitting Long with RIG, collecting a healthy & safe dividend is a much better investment. Oil production & consumption for the world will be consistently higher over the next ten years. Oil rigs (on land & sea) will be consistently needed. The Shorts here are watching paint-dry and their potential profits erode away. They'll start covering soon-enough, moving on to capture more price 'action' somewhere else. ((are you an investor, or a Trader....that really defines your vision for the industry and company.)) Cheers.