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Spyglass Resources Corp. Message Board

nolaloha 6 posts  |  Last Activity: Apr 9, 2014 6:18 AM Member since: Aug 2, 2008
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  • Reply to

    Surge in SUEZMAX Rates

    by nolaloha Apr 8, 2014 4:28 PM
    nolaloha nolaloha Apr 9, 2014 6:18 AM Flag

    Ya. Am probably delusional. Europe will continue buying oil from the Russians. Ukranians will continue to let Russian oil and gas cross their country without hinderance. The USA will not sell the no longer needed Strategic Petroleum Reserve oil on the market to punish the Russians and their $100/ barrel Siberian oil. The Saudis and Nigerians will voluntarily reduce their sales to help the Russians. Ya. I'm delusional. This a only a small bet, and should be.

    Sentiment: Buy

  • It looks as though NAT is going to be positioned for a really good year. The timing of this offering is perfect. They will be buying takners from cash-strapped shipping lines at rock-bottom prices. NAT makes a profit if spot prices are higher than $12,000 per day, and day rates have surged to $70,000 per day (though they have dropped back). The fact that Europe is depending on about 7 millions of barrels per day from Russia, and has begun looking for other suppliers also looks good for NAT. For charts of the day rates , go to : http://www.teekaytankers.com/files/Tanker%20Rates/2014/Current_Tanker_RatesApril%2004_v001_f7ss1m.pdf

    Sentiment: Buy

  • nolaloha nolaloha Apr 4, 2014 12:59 PM Flag

    Is Fake story. No refinery with that name. Good thing, bad to keep it going.redleaf.

  • Reply to

    Do we hold ?

    by dbair4 Mar 19, 2014 9:55 AM
    nolaloha nolaloha Mar 19, 2014 11:38 AM Flag

    The dividend and projected growth were based on conditions before the reported investigation. Goldman, involved in the same investigation and Blackrock were very definite that they had , or believed thay had, no potential liability. OZM's statement implied some liability and a materially adverse effect. You cannot rely on the earnings projection made prior to the announcement,UNLESS management offers some clarifying comments. I still like and hold the stock (6,000 shares) long term, but would not add to it.

    Sentiment: Buy

  • Reply to

    Do we hold ?

    by dbair4 Mar 19, 2014 9:55 AM
    nolaloha nolaloha Mar 19, 2014 10:15 AM Flag

    You currently have a small profit of $0.40 or 3% for a holding period of about 20 days. That annualizes to a very high percentage rate. IN MY OPINION the probability is that OZM will drop for several days before we get more news. I would takemy profit and watch the company very closely. No one ever lost money by taking a profit. You can buy in when it rises again.

    Sentiment: Buy

  • 8-K filed today says there will be a "Material Restatement" of prior Quarterly and Annual filings for 2012 and 2013. The restatement is expected to be complete by March 18. Without more information, the refilings appear to increase the value of the Collateralized Loan Obligations, but do not affect realized income. This suggests that the drop from the high of 14.95 of two days ago to the current 14.03 (6.5%) represents a short term buying opportunity.

    Sentiment: Buy

SGLRF
1.75+0.05(+2.94%)Apr 17 3:59 PMEDT

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