Doesn't matter what sand management buys, the stock is a dog and more sellers than buyers for a long time and that's why it will not recover.
I'm afraid SAND is a place where money goes to die.
Agree but the US government is driving the price of oil down to F over Putin and the people who own energy stocks are taking a bit hit right now. Nadl ia responding to that by grinding down every day.
Everything is politics. Remember that. Especially with energy sources.
Management screwed the pooch this time and I suspect the stock will NOT recover. This was as dumb as it gets for management but I suspect they were behind the 8 ball and had no other choice. But I do have a choice and SAND is history for me forever.
Putin doeesn't want Ukraine. Putin wanted Crimea and now has it. With two new pipelines BYPASSING Ukarine, the chess pieces are being moved for the downfall for the Nation of Ukraine.
The EU and the USA will leave Ukraine a wasteland if the Ukrainian people don't get rid of Poroshenko. This winter is all she wrote for Ukraine as she decends to poverty.
The whole western world led by the USA has been unrelenting in their desire to make Russia and especially Putin look bad. And today we have Russian hackers stealing over a billion passwords. My experience is it usually is the Bulkarians and not the russians but when there is an agenda by the USA, one has to be suspicious of events taking place now. The US is trying to get Russia to invade Ukraine so CIA/Foggy Bottom can move to plan B. Hell, is there anyone left who still believes this #$%$ in the WH is pulling the strings? Look to a 3 letter agency that controls what goes on in the Ukraine.
Russia does not want a military war. Putin will do it economically by trying to destroy the dollar with a little help from their friends. Unlike the POTUS, Putin gave up his authority to use military action to the Duma. I seriously doubt war will break out in the Ukraine unless the Ukraine puppet regime is ORDERED BY THE USA/UE TO CREATE A FALSE FLAG WITH THE SEPARATISTS.
The chart says otherwise AT THIS TIME. I did say back in June that NADL was going through a correction. It may be close to bottom then again it may fall to $8.50.
WHY $8.50? Because there is a huge gap left by the announcement of Rosneft and gaps usually get filled. Especially in a correction.
Today's contract signing is good news but most expected it. The stock was also way oversold and way under its lower bollinger band just inviting a strong rally from an oversold position. Now don't ask me where it goes from here because I don't know. But I doubt you will see $10.00 for the next couple months. Maybe and that's a maybe, $10.00 as she runs toward divvy date.MAYBE!
The sanctions will NOT affect NADL. You heard it first here.
Agree. In the beginning it was not a Russian play. It still has a good future without Russia. I'll be a buyer at $8.50, sit back and collect my 11%.
Doing trade and business is what will keep Europe above water. Taking orders from the USA ( sanctions) is destroying your own economy. I'll bet Germany and France will NOT go along. The smaller Nations that the USA has in their back pocket will go along and probably self destruct in a couple years.
I have no idea whether nadl will go lower but I'm not buying anything right now.
"It's pretty much fully priced at an 8% market "
And that is why I would not be buying any. Never can understand why people just gotta have this stock at overvaluation.
One buys VNR for yield. It very rarely gives any capital gains. On the other hand, I have some MLP's GP that pay around 2.5% but give me 40-60% in CC year after year. Well, most years..
"..........France and Germany may be reluctant to take a hardline against Russia because of business interests. "
The world is sick and tired of America going to war every year or so dragging European Nations into the foray while most Nations are trying to increase good will through trade. They will leave the USA to become isolated to make war by themselves. Trade is more important to most of the world's nations and the sanctions will not work against Russia or anyone else.
As one European banker said recently, "Who the ---- does America think they are, telling us who we can and cannot trade with".
It was a sell the last week of June. I have no idea where any stock is going to correct to do to the massive corruption and manipulation throughout all the US stock markets.
Personally I would stay in cash for a couple months and see what transpires. So you miss a couple distributions. So what. Better than losing capital if the market breaks hard.
That's a hard call these days with so much corruption running through all the stock markets. Normally I would say about $9.50 but these are not normal times. Nothing is allowed to correct /decline as the invisable hand comes in to buy the equity markets when any correction takes place. Since every short seller has been destroyed there is no one available to stop a fast market decline when it comes and it will come. All in all a very dangerous time in the markets but they could go a lot higher with more risk added.
Maybe it has bottomed at $10.31?
"I predict that the Ukraine will turn into a disaster and that they will be stripped of all their farm land and other resources and then left to rot. "
That's exactly what the outcome will be.
Ukraine will not settle at any natgas price. The pupput masters from the EU and the USA want to deny Russia selling natgas to Europe. The Ukrainian people will be the ones who suffer this winter. The Elite don't gaive a damn as long as they are taking their orders from the EU and USA.
The Ukraine situation is affecting more gazprom than NADL. That's plus here but Ukraine does not want to settle the issue of the natgas prices as there pupput masters in the EU and the USA are pulling all the strings to deny Russia's flow of natgas to Europe.. Sadly, the Ukrainian people will suffer this winter. Not the Elite b***tards.
I'm more concerned on how fast Line has run the last 20 trading days. Lots of resistance around 34 and that's where I will consider selling out and taking my profits.
A much better place with good job opportunities are Panama and Chile. CR has serious problems that are manifesting themselves as I write. Local currency should lose 20-40% over the next 12 months. Largest Employer just pulled out of CR with job losses exceeding 1200 people. Many other company's shutting down or leaving.
CR used to be a great place 10-13 years ago. But the efifng American's came like locusts and destroyed the good. Now you see CR on the Home networks and people paying 500K for a home. STUPID IS AS STUPID DOES.
WTFC's what caused the increase. Move your stops and take home some money . The greedy will go to the poorhouse with scam stocks like miners.