Tue, Oct 21, 2014, 6:58 AM EDT - U.S. Markets open in 2 hrs 32 mins

Recent

% | $
Quotes you view appear here for quick access.

POZEN Inc. Message Board

play_tow 278 posts  |  Last Activity: Oct 16, 2014 12:32 PM Member since: Dec 16, 2004
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • With a significant VLCC and Suezmax exposure to spot, or index related at this time, Q4 is off to a very strong start for DHT...

    _________
    ATHENS, GREECE--(Marketwired - Oct 16, 2014) - Tsakos Energy Navigation Ltd. (NYSE: TNP), a leading crude, product and LNG tanker operator, stated today its belief that the recent decline in TEN's stock is in direct contrast to the state of the physical tanker market, the future prospects and the financial strength of the Company.

    Management believes that the supply and demand balance, particularly for crude tankers, is in equilibrium and should provide a solid platform for continuing the healthy rates and asset prices currently in evidence.

    Additionally, the recent decrease in the price of oil can be viewed as a "double blessing" for TEN. On the one hand, it creates a tailwind for maritime transportation as the soft price of the commodity leads to increased global imports in time for the approaching winter. As a result, spot rates have doubled compared to rates this time last year for most of the vessel types TEN operates, as the table below demonstrates. On the other hand, given that the largest expense item of the Company's operations relates to vessel fuelling, the lower price of oil translates into material cost savings. Such savings are estimated to be approximately $10 million on an annualised basis to TEN's bottom line.

    Furthermore, the strengthening of the US dollar provides an additional layer of support as it reduces our Euro expenditure by an estimated $12 million dollars annualized at current exchange rate levels.

  • Reply to

    Bought some here

    by bobdbus Oct 15, 2014 10:37 AM
    play_tow play_tow Oct 15, 2014 1:20 PM Flag

    Is the=is Head of IR buying or selling?

  • Reply to

    Maybe reading it wrong but, looks like

    by benpub_one Oct 10, 2014 11:42 AM
    play_tow play_tow Oct 10, 2014 11:47 AM Flag

    VLCC spot neat $30,000 today, as per Intertanker report.

    Spot MRs strong.

    The selling in NNA, and STNG, TNP who work in the crude/products trade is inconsistent with the demand in that sector, whose supply side is also favorable thru 2015 at least.

  • Reply to

    Beaten Down Beyond

    by vincent90157 Oct 10, 2014 11:38 AM
    play_tow play_tow Oct 10, 2014 11:43 AM Flag

    The "market" is shooting first, to blooded...no reasoned calculation here.

    Yes, rates for UDW will be lower in the 12-18 month pull.

    But, as others correctly I believe point out, and as SDRL last investor presentation also reveals, the UDW enterprise is economical at much lower oil process than $80, but shale is not.

    Shale will shudder first.

    I wonder whether some of the SDRL selling is linked to the increased realization that the Russia sanctions will hold for an extended period, and that the Rosneft deal is likely done....which has some effect on several vessel contracts in 2015 (but not many...).

  • Reply to

    6s on Friday....

    by play_tow Oct 10, 2014 2:48 AM
    play_tow play_tow Oct 10, 2014 10:48 AM Flag

    close....but seems to now be bouncing.

    For all anyone knows, $7.20 low last hour may be the low, and the shares will rise 25% to $9....by close.

    or not

  • play_tow by play_tow Oct 10, 2014 2:48 AM Flag

    With oil down hard overnight, EXXI will take another hit I fear......

  • Reply to

    uh oh, oil is crashing overnight

    by rectal_traummaa Oct 10, 2014 12:36 AM
    play_tow play_tow Oct 10, 2014 2:47 AM Flag

    In the trading world,with speculative margin plays, a week is a long while.

    As a investor un leveraged, with time on their side, this may be a very solid long term okay.

  • Reply to

    Kudos LINE

    by barryobamaisafailure Oct 9, 2014 4:56 PM
    play_tow play_tow Oct 10, 2014 2:44 AM Flag

    Indeed. The fracking play may be the first to be shuddered if prices stay low for an extended period. Of course, that would be the recipe for price recovery. But LINE has legacy producing assets now, with slow decline rates and relatively low capital requirements .

    Also the deepest hedges in the industry....

  • $350,000/day....for a GOM project, using their modern 2010 UDW rig.

    Not the end of world some are saying, and many would be happy to secure such a deal....a yr earlier the rate in GOM would have been 100,000/ day higher

    ------
    Stone to lease deep-water rig

    Oct. 07, 2014
    Lafayette-based Stone Energy Corp. plans a 30-month lease on a deep-water drilling rig from Ensco plc under a contract valued at around $319 million.



    The rate for the Ensco 8503 2010 built is around $350,000 a day, according to Stone Energy. The lease is expected to begin during the second quarter of 2015. Stone can extend the lease by up to 12 months or reduce the lease by six months.

    The rig can drill to depths of 35,000 feet and operate in up to 8,500 feet of water. The Ensco 8503 holds the record for the deepest well drilled in the Gulf of Mexico

    Stone Chairman, President and Chief Executive Officer David Welch said the rig will allow the company to “harvest” the potential of its deep-water prospect inventory as well as controlling the pace and execution of the company’s deep-water drilling program.

  • I think that, given the fact that this rate is still profitable, many others would be happy to secure similar. The rig is a 2010 UDW (I assume 6th gen). Not sure if this is a benign water, in which case the rate is likely only about $100,000/ day lower than yr ago. Hardly a disaster...but there may be idle time for many rig owners as they negotiate with oil majors, who now have little urgency to start up an exploration project.

    ______
    Stone to lease deep-water rig

    Oct. 07, 2014
    Lafayette-based Stone Energy Corp. plans a 30-month lease on a deep-water drilling rig from Ensco plc under a contract valued at around $319 million.



    The rate for the Ensco 8503 2010 built is around $350,000 a day, according to Stone Energy. The lease is expected to begin during the second quarter of 2015. Stone can extend the lease by up to 12 months or reduce the lease by six months.

    The rig can drill to depths of 35,000 feet and operate in up to 8,500 feet of water. The Ensco 8503 holds the record for the deepest well drilled in the Gulf of Mexico

    Stone Chairman, President and Chief Executive Officer David Welch said the rig will allow the company to “harvest” the potential of its deep-water prospect inventory as well as controlling the pace and execution of the company’s deep-water drilling program.

  • play_tow play_tow Oct 9, 2014 5:14 PM Flag

    There wold be a lag effect on drilling, especially where hedging is buying oil companies time to see how the market settles.

    There is probably a game of chicken happening between the various producers to see who will blink first....will OPEC reduce output, and potential ceed market share? Will IOC and Oil Majors delay drilling projects, until oil rises again? Will US shale sector shudder some of its production? And so on....

  • Reply to

    EXXI is Not Investible

    by play_tow Oct 9, 2014 1:39 PM
    play_tow play_tow Oct 9, 2014 5:09 PM Flag

    some of these TV commentators on stocks, markets....they know nothing you don't already know.....but make the fatal error of seeming so sure of their view, and then when a strock changes direction, being so sure of the opposite view.

    Yes, EXXI has suffered a horrible decline....takes no whiz to see that. But, is there anything more than a technical issue, and a temporary issue at play here? Are the shares likely to recover....and maybe recover a lot.....in 1-2 yrs? That would be a Peter Lynch analysis skill, something not much in vogue now a days.

  • Reply to

    EXXI is Not Investible

    by play_tow Oct 9, 2014 1:39 PM
    play_tow play_tow Oct 9, 2014 4:04 PM Flag

    pretty stunning...I can't recall seeing this among of volatility in a name, which otherwise had no obvious news item. Here, its market fear, especially in oil names. To see 20% swings in consecutive days....wow.

    And the truth is, no one can say what tomorrow may bring. If, for instance, oil recovers on the back of a OPEC response to reduce output, EXXI would soar 50% in short order, I believe.

  • Reply to

    Plan for the Month

    by mike.swims Oct 9, 2014 3:45 PM
    play_tow play_tow Oct 9, 2014 3:52 PM Flag

    I think, FWIW, that the shares will stay below $10 for some time, until a floor on oil prices is set by OPEC

  • play_tow play_tow Oct 9, 2014 3:17 PM Flag

    75% of oil production hedged in 2H 2014.

    25% of oil production hedged for 2015.

    In this business that is "EXPOSED"!

  • Reply to

    EXXI is Not Investible

    by play_tow Oct 9, 2014 1:39 PM
    play_tow play_tow Oct 9, 2014 3:09 PM Flag

    A question for all the smart people on this board who appear to know how to extrapolate the interlay stock move
    and tell ever one "I told you so", and "Its going to 0" as heard yesterday morning and this morning, or yesterday afternoon we heard "its going to $20" ----

    ----- what do you think the price is likely to be at close Friday?

  • Down 17% in the first half of yesterday's trading....then climbs 18% the second half to close up.

    Now down 16% first half of today.

    A stock that behaves in such manner is not investible....like playing in a casino, though with worse odds!

  • play_tow by play_tow Oct 8, 2014 12:34 PM Flag

    Even Barron's alone couldn't drive it down here....

  • ....wait for "What"?.....that is the unsettling part of this story

  • play_tow play_tow Oct 8, 2014 11:18 AM Flag

    are you for real?

POZN
8.08-0.04(-0.49%)Oct 20 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.