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Silver Wheaton Corp. Message Board

rayank7777777 4 posts  |  Last Activity: Mar 12, 2014 7:21 AM Member since: Jul 30, 2011
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  • rayank7777777 by rayank7777777 Mar 12, 2014 7:21 AM Flag

    HDY NEWS: "Force Majeure event" happening. "Tullow asserts Force Majeure event on offshore Guinea project"
    "Hyperdynamics announced that Tullow Guinea asserted on March 11, to the Government of Guinea and members of the Consortium its claim that there has been a Force Majeure event under the Production Sharing Contract, or PSC, and the Joint Operating Agreement, or JOA. The members of the Consortium and their participating interests in the concession from the government of Guinea granting exploration rights offshore Guinea are Tullow - 40%, Hyperdynamics' subsidiary, SCS Corporation – 37% and Dana Petroleum (E&P) Limited – 23%. Tullow states in its notice that the decisions by the U.S. Department of Justice and the SEC to open investigations into the activities of Hyperdynamics in obtaining and retaining the concession rights constitute a Force Majeure event under the terms of the PSC and JOA. Tullow states in its notice that the asserted Force Majeure event prevents Tullow from performing its contractual obligations under the PSC. [b]Hyperdynamics is unable to predict the outcome or timing of the results of Tullow's assertion of the Force Majeure." [/b]
    http://finance.yahoo.com/news/hyperdynamics-says-tullow-claims-force-103640279.html

  • rayank7777777 rayank7777777 Mar 9, 2014 5:52 PM Flag

    I agree totally. :-)

    Sentiment: Buy

  • Another negative SA article about DDD: http://seekingalpha.com/article/2045533-3d-systems-is-a-great-short-and-heres-why?isDirectRoadblock=false&source=email_rt_article_readmore&uprof=51

  • .
    "UPDATE: Bank of America Downgrades 3D Systems as Margin Trajectory is Problematic
    8:56a ET February 24, 2014 (Benzinga)

    In a report published Monday, Bank of America analyst Wamsi Mohan downgraded the rating on 3D Systems [b](NYSE: DDD) from Buy to Underperform, and lowered the price target from $90.00 to $65.00.
    [/b]
    In the report, Bank of America noted, “We are downgrading shares of 3D Systems to Underperform with a PO of $65 for the following reasons (1) Organic growth rate peaking in 2014 and incremental topline growth will come at the expense of margins, (2) We view the increased investments as a catchup in spend necessary to stay competitive rather than driving incremental growth, (3) A lot of the M&A while additive to near term growth, in our opinion, will result in diluting LT organic growth and adds integration and execution risk in the interim, (4) A lot of high profile partnerships sound exciting (Motorola Mobility, Hasbro, Hershey's etc.) but success will be predicated on widespread adoption and margin performance driven by such ventures will likely be challenged.”

    3D Systems closed on Friday at $80.74."

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