Finster bought high.....and having to sell low. ((didn't anyone tell you a penny stock IS a penny stock for a reason.??))
Mexico is opening up. It's a clear fact. The Mexican government wants/needs more production (for $). There Will Be new and different companies drilling off the coast of Mexico - period. There will be a demand for Offshore + Onshore drillers. (this will help reduce the number of 'available offshore rigs'.) Yes, it may take 6 to 12 months.... but Mexico Will Be a new territory for oil exploration & production companies to drill. ((Just read the Fortune Magazine article about it.))
Try the sector funds or ETFs for "Pharmaceuticals, Healthcare " past several weeks -since August, these sectors have done really well (inside the op 12 industries consistently).
Glad they captured the 350,000 Day rate on Ensco 8503. And by the way, I doubt it will take a full 10 days to outfit with Mooring capabilities ....
I think the dividends are safe, and we will collect a nice dividend yield & some capital appreciation too (over the years).... The low rates WILL continue to drive main street into the markets, looking for better returns.
Saw it drop nicely today, and was wondering why this bond is trading Down (the 10 year Treasury yield has been dropping down to 2.33...... thought this TCCA would have traded Up in price.) just curious.
I would Sell Shares on this guys..... just look at how long the AIDS approach is taking.
A simple comment - to another long process drug - .... this is just the initial Hype.
Oil has been more expensive most All year. The American Dollar has also risen to a 4 year High. (Yes, recently the price of oil has dropped - due to that rise in the dollar.?) However, World oil demand is still increasing year after year (albeit currently a bit slower) and when the American Dollar starts to naturally fall from it's 4 year high levels.... the price of oil should again Increase - correct.? And as Oil Prices Increase, so too should the 'Value" of the off shore drillers - correct.? (I guess the question is "when") ... ~o~
I'm not interested in jumping Up 50%.... I would be happy with 10% to 20 %.... from 42.
and Oil is still commanding 90+ , and the 10 year is roughly 2.50% ... so I feel pretty well with earning 7.14% in a ESV dividend and the prospects now (after the industry got beat up) .... Did you all know roughly 33% of All Our Oil produced here comes from the Gulf of Mexico.? !! And Mexico is opening up it's waters (and land) to provide additional drilling opportunities (a big Fortune magazine article)
This whole industry has been Beat Up for a while .... as if the world is going to stop drilling all together. I think we are close (or at) the bottom. Dollar is Strong (at a 4 year high) and Oil is still 90+