Don't see control of supply as NAO is contracted to service offshore platforms..With the price of oil at this level many have cut back production so until the price rises NAO will just be bumping along. However ,as long as the price stays in this range NAT will be a cash machine and will have plenty for big juicy divis and keeping NAO solvent till the offshore platforms begin pumping again. Herbs got all ends covered. BEST IN CLASS
Agreed,but you failed to account for the 4 new ships.Needing little drydock time should add +/- 20% to yearly cash flow.
Sentiment: Strong Buy
Cover your short position.
SLB isn't in the habit of giving money away with no reason.
The pumpers are saying 300.The dumpers are saying 150 and no one really has a clue.
That said, it's entirely possible they will be rewarded by the government for their diversification. Trying to pressure the powers with any public statement would be a mistake. If the news is positive it will spike up.
What ,you been lost in the woods for the last 7 days. Eat a sandwich and then start catching up on the press releases.
if you were short now, right now is your time to cover.
No stock dividend since the number of Dow shares submitted for conversion was greater (by a large %) than Olin shares available.Dow could declare a large special divi with the $$$s received from Olin via the stock transfer i. e. buy out ,but they will use it to buy back shares. Which in my opinion sucks.
In the good old days when everything wasn't done for the hedgies we would have simply received shares of Olin .GE pulled the same sheet.
If that's any help.
The flood of negative press from the fund spin factories indicates their accumulating.The question is ,when will they have enough shares and start pushing the price up.
A lot of money got it very wrong.Betting on a fed hike and oil apreciating..A nice big divvie will really make it painful. Covering could push past 17 to the next resistance.