Of goodness. The CEO of SDRL is very talented. He is also a self dealer if things go badly. As it did for FRO. He stuck FRO and SFL owners. Events did not go horrible so SFL has done ok.
The oil majors do most of the deep offshore drilling and this is the core of Sea Drill. But they are pulling back on capital investment to get their project roi correct. Which is why all deep water service providers are selling relative cheap. Of course the American onshore fracturing miracle puts the economics of drilling American off shore oil in question given the very uncertain match between domestic supply and demand.
Of course off shore rigs are a commodity business pretty much like oil tankers. We all know what the tanker industry has been through. Which again is why SDRL is very cheap.
So Corny Stag monster continues on gambling as it does. Chasing trailing yields is a suckers bet. BUt as Crony Stag MOnster does not like to understand, it never learns.
If the corny stag monster is lucky there will of course be no end to the silliness. If it breaks the other way it will go hide under the SFL rock for some time.
LINE is going the right things. Securing and adding visibility to DCF and distribution coverage. It is doing so by buying up well understood and low cost currently producing natural gas assets.
Sooner or later Obama will retire. He is expending a massive amount of agency abuse to hold back natural gas adoption and slow export. Remove this uncertainty and a free market allowed to function eliminates inefficiency extremely quickly. Natural gas is the economic fuel of America. Allowed normal economic growth and the dynamic will change quickly. We just need to have enough economic growth to get passed the supply additions from associated oil production and or export.
HUm rational people verses the Jon Denisovans and their irrational magic beliefs.
First show from the High Denisovan cave!
clan bear claw
Of course Ms Hana will give birth to the High Densivoan line like Jon. What a cute child and Hana looks good for her age.
Back at the beginning of one of the common rapid climate change events. The High Denisovan blamed the warming on the O'Cromags. All that fashionable clothing, technology and fires producing co2, ending the ice age.
So although we do not have direct observation. It is rational to assume Jon can count beyond five as a High Denisovan. He just doesn't want too now that the years have become so vast and expansive!
The Failure of Macroeconomics by Mr. Coshrane
What to the Slave is the Fourth of July by Mr. Bibby.
Both have objectively demonstrated the Progressive collectivist inability to use the rational process of deducing towards truth.
It begins with intellectual sloppiness and then progresses to myth telling. Then finally when the Myths become so Denisovan Show transparent there is the final stage of so what I care more.
Krugger of the kegger clan of the cave is now showing his moonshine. Just forget about the scientific process of real world experience being incorporated into thinking.
Of course Douglas strived for the actualization of our immortal Founding Philosophy of Individual Liberty. His fire storm of speech was to this purpose. In fact, this is why he was absolutely to opposed to special entitlements via the corrupting political process. He has been proven correct by time.
Yea Willie. I figured the New South Africa crater on the dark side of the moon was on 'standard time'.
Which means you are usually posting from 1am to 4am. ;)
Willie having tantrum in the small hours. I assume lunar New South African time is Capetown standard. Logical.
Maybe so insane corn ethanol destroying 40%+ of the American crop and therefore achieving a level of evil?
JImmy Carter is and was a well meaning delude.
Obama is not a well meaning delude. Secular collective religion does not believe in virtue, nor therefore honesty. It is only about power and will.
Much like Paynes send off.
Did some good. Did more bad. Peace.
Although I really do not know something Obama did good.
OPec sets the price. What can be avoided and what is being avoided are economy shattering spike due to possible supply disruptions in the Middle East.
If Obama and his unscience EPA been able to shut in our oil? Even the heroic and dangerous policies of our Fed to offset the Obama drag could not keep us out of recession.
Although with family incomes falling again on energy and food inflation, I would not call this a recovery. .
CREPY-EN-VALOIS France (Reuters) - A pipeline under construction in the beetroot fields of northern France is set to link a new liquefied natural gas (LNG) terminal in the port of Dunkirk with Germany by 2016, offering Europe's biggest energy market an alternative to Russian gas.
Germany is currently the world's biggest importer of Russian gas but the European Union in the wake of the crisis in Ukraine has reiterated its call for EU member states to reduce their reliance on Russian energy.
It is remarkable how well LINE has done with the down draft in natural gas. But the long end of the curve is looking better. As it should.
Please do not be a gomeral Willie.
Only for the worst economic 'recovery' in over three generations of Americans. Record low economic participation and crashing family incomes.
Reagan/Laffer Supply side economics delivered weeks with 1,000,000+ of job creation.
Reagan/Laffer Supply economic delivered a 10% increase in average American family income.
Of course for a much smaller population.
Plus Reagan did not have the Providence of a surfeit of American natural gas selling at an 80% discount to world prices. Imagine how much greater the Reagan/Laffer Supply Side economic boom would have been and could be now. ;)
Yes, economic growth is best for American, our natural gas prices and LINE energy.
Solutions are common sense and simple. We just have to give the Progressive a time out again.
Oh the additional premium paid was not dilutive from the original terms. Before the SEC broke up the deal!
Amusing. Wrong but amusing.
Try thinking first. ;)
Big bad conservative rrb Caliban worshipping Hedgie Progressive.
Care to demonstrate by math the impact of the additional dilution from the BRY premium verses the Hoghooter disappointment? ;)
25% of capitalization *34% premium = about a 9% reduction in DCF as agreed too.
What again was the write down of the TX Hogshooter assets? ;)
I am afraid Caliban you demonstrated your monkey nature in public again. Accounting as well.
Silly Progressive on and on you go. Very determined.
BUt of course at the cost of never actually understanding the art of investment.
rrb your rantings as the leading delude are not relevant.
YOu do not read. You can not do math. But most of all you are not man enough to admit your mistakes.
rrb Caliban have a ignorant tantrum all you want.
If the Obama SEC had not interfered with the BRY deal it would have simply been a disappointment.
Not so significant it would have impacted the cost of equity closing out accretive deals.
As I said it is your choice to go on, sadly as you are. Liberty means self agency. The ability to control your hostile negative emotions, for instance.