I certainly hope so. It is interesting how the stock keeps bouncing back. My guess is that the shorts are playing it cautiously as the merger news will probably be out soon.
Try using facts to back up your arguments instead of insults. Oh, that's right, forgot you don't know any. Hope you are luckier than you are smart. Now why don't you post some insults my way.
SDRL has a super sized dividend that most shorts loath to pay. It gives us significant short protection. I would expect the short position to be reduced by month's end.
About 8% of SDRL is shorted. That's high. RIG's percent is most unusual. SDRL's rigs are in better shape.
Wow. I was thinking about the thumbs down before I read your second post and agree with you. There are many shorts that patrol these boards. Also a few dunces. Your factual post however is definately appreciated by me and most on this board.
1 Oil ain't going much lower. Opec and drilling costs costs will see to this. 2 The balance sheet is not too bad especially for a stock at these levels. Going forward the cash flow is much more important. 3 Hopefully the political atmosphere does not undermine this industry in PA but after the elections I am not too sure that any politicians really want to kill jobs and their careers by trying to stop fracking. Nonetheless it is a valid concern.
Since I was back in REXX. I don't understand it. This is stock has been decimated. The world cannot do without energy. Prices can't keep going down indefinately. Here is your chance shorts. What am I missing? Longs can chime in as well.
I am requesting help from this board. Please click on Jon_ton's posts. You will see that he only uses personal insults and never ever discusses anything about the company or industry the board is discussing. I use these boards to post my opinions, based on years of experience about the company, the industry or anything that may affect the market price. Please use "report abuse" whenever you see his attacks. He hounds me for exposing him for what he is. Thank you.
In a case where one must choose between the validity of a private company in the business and wall street traders in the price manipulation business one must go with the private company. I agree with your conclusion.
I have many more posts on SDRL and XCO you lying sleazebucket. It is easy to check a person's prior posts by clicking on their name. My posts are all about the companies I invest in or their industry. None of your posts are about anything of substance and are always mudslinging personal attacks. This will be my last wasted post to you as I will not further engage in your nonsense. I would suggest that anyone reading your posts use "report abuse" because you are a waste of space on any board. Click on Juan_ton's name and see.
Elimination of the dividend is a terrible idea. Many investors here need or want the income stream. You can't play games with investors investment strategies.
Anytime you can borrow at 6% cash flow to reduce 18% cash flow out it is a win win situation. Bank convents may not usually address this but creativity is a good thing. I think a bank may approve of a loan for this purpose in this circumstance. Another possible way to go is to have SDRL issue debt directly as commercial paper. Time to think around the box.
(Reuters) - Continental Resources , the pioneering U.S. driller that bet big on North Dakota's Bakken shale patch when its rivals were looking abroad, is once again flying in the face of convention: cashing out some $4 billion worth of hedges in a huge gamble that oil prices will rebound.
I have learned to never underestmate the institutional shorts the hard way. I have also learned how to make a great deal of money buying into panic infused by shorts.
juan_ton. To the end you never discussed anything about this company or industry. Only pathetic personal attacks. You are worthless on this board and probably everywhere else in your life. You won't be missed.
You are correct about the SD history which is why this is not just a bargain, it is a super bargain. Most have given up SD for dead. Including me. I sold out somewhere in the low $6 range and took a loss But today I have a chance to make it all back in spades . Few know the SD story more than I. Originally bought in May 2010, took it up and then took it down. Traded a bit but never really got back in. This time I bought big at an average $3.38 cost. The stock is worth at least $7 with $90 oil and $4.20 NG (IMHO). I will not sell until I see $7+. Maybe not even then..
Most of SDRL's contracts are long term. The numbers have not yet had time to change all that much. IF oil stays below $75 for a prolonged period of time it will exascerbate the overcapacity for the off -shore drillers, then the numbers would change. Though possible iI believe it to be unlikely.
The USA is probably more responsible for this oil pricing setback than the Saudi's.. Though it is really the disappointing economic growth that is the real culprit.
An excellent point but by reducing cash flow out (an 18% dividend) the metrics improve. Therefore I am not so sure that a bank would be against it. Apparently this topic did not come up yet because the stock price drop happened so suddenly. I would expect it to come up because this company is well managed and it appears to be is a valid couse of action. (IMHO).