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Intel Corporation Message Board

santacruzxt 31 posts  |  Last Activity: Apr 16, 2014 12:18 PM Member since: Apr 19, 2011
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  • Reply to

    Ensco 8506 Has to Suspend Drilling

    by santacruzxt Apr 16, 2014 12:17 PM
    santacruzxt santacruzxt Apr 16, 2014 12:18 PM Flag

    It should be noted that the day rate is $540k, which is the second highest for their North American fleet. I am not sure what the actual hit will be to Ensco for this. Insurance and protection in their contract might take care of it. Is this the reason for the sharp drop this morning?

  • The 8506 which is currently drilling in the GOM for Anadarko was damaged by high waves. This was taken from fuelfix.

    HOUSTON — Anadarko Petroleum Corp. temporarily suspended drilling on a Gulf of Mexico rig early Tuesday after weather-driven waves rocked the facility.

    No crew members were injured or evacuated and there was no spill when the cold front that blew through Houston Monday hit the Ensco 8506 deep-water drilling rig about 3:15 a.m. Tuesday, Anadarko spokesman John Christiansen said.

    “The rig is stable, the well is secure and evaluations are under way,” he said in an interview with FuelFix.

    U.S. Coast Guard petty officer Manda Emery said Wednesday that crews for London-based Ensco, the drilling rig owner, will inspect the semi-submersible rig, which is about 130 miles from Galveston.

    The rig was knocked 55 feet and took on water when it was struck by the wave Tuesday. U.S. Coast Guard Petty Officer Manda Emery said one of three watertight chambers in one of the rig’s six flotation columns began taking on water, but that the facility was being kept level, the Associated Press reported.

    Emery said 116 crew members were aboard the rig about 130 miles from Galveston. Waters there are about 3,000 feet deep.

  • Reply to

    Latest SONRIS news on Highlander .

    by hubba_henry Mar 27, 2014 12:37 PM
    santacruzxt santacruzxt Apr 5, 2014 7:03 PM Flag

    "With winning 16 leases in GOM, I do not see them backing off SWUD. I think FCX truly wants to become a big if not huge player in O&G."

    Did you look where those blocks are? Most are not SWUD. Do you know how capital intensive deep water drilling and production can be? They do have a capex ceiling, and cannot just spend as much money as they want on all of these projects at the same time. All of these blocks only muddies the water as to where they will be focusing. The reason TISDZ has not gone up, is it seems to be anyone's guess as to how serious they are about drilling on the shelf. Seems to me that onshore and deep water are likely the front runners. I doubt gas will be the focus, most are moving as fast as possible to liquids production.

  • Reply to

    My buy point $30 or lower..downward spiral

    by listen_jockers Mar 14, 2014 5:35 PM
    santacruzxt santacruzxt Mar 28, 2014 11:40 AM Flag

    Maybe that is why ESV's margins are higher...

  • Good news for the UD projects. Copy from the WSJ.

    HOUSTON, March 27, 2014 /PRNewswire/ -- Cameron (NYSE:CAM) announced today that it has received an order from Freeport-McMoRan Oil & Gas to supply a 25,000 psi blowout preventer stack and 25,000 psi manifold.

    Cameron delivered the industry's first and only 13-5/8" 25,000 psi blowout preventer to Freeport-McMoRan in 2011. After successful and extensive use in the Gulf of Mexico, Freeport-McMoRan has decided to place this second order with Cameron for high pressure activity planned to begin in 2015.

    Chairman and CEO of Cameron, Jack Moore, commented "Cameron has long been committed to leading the industry in this ultra-high pressure space. We will continue to provide customers the technology they need to safely recover oil and gas from challenging, high pressure fields. Cameron has now sold four 20,000-plus psi blow out preventers, establishing ourselves as a proven leader in this emerging market."

    Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries.

  • Very good news for Lafitte and the UD, obviously. Info from WSJ.

    HOUSTON, March 27, 2014 /PRNewswire/ -- Cameron (NYSE:CAM) announced today that it has received an order from Freeport-McMoRan Oil & Gas to supply a 25,000 psi blowout preventer stack and 25,000 psi manifold.

    Cameron delivered the industry's first and only 13-5/8" 25,000 psi blowout preventer to Freeport-McMoRan in 2011. After successful and extensive use in the Gulf of Mexico, Freeport-McMoRan has decided to place this second order with Cameron for high pressure activity planned to begin in 2015.

    Chairman and CEO of Cameron, Jack Moore, commented "Cameron has long been committed to leading the industry in this ultra-high pressure space. We will continue to provide customers the technology they need to safely recover oil and gas from challenging, high pressure fields. Cameron has now sold four 20,000-plus psi blow out preventers, establishing ourselves as a proven leader in this emerging market."

    Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries.

  • Reply to

    My buy point $30 or lower..downward spiral

    by listen_jockers Mar 14, 2014 5:35 PM
    santacruzxt santacruzxt Mar 25, 2014 3:50 PM Flag

    Can you name a large offshore driller that has happy shareholders at the moment?

  • Reply to

    FCX WINS 16 0f 17 lease bids in GOM!!

    by basin112 Mar 19, 2014 6:11 PM
    santacruzxt santacruzxt Mar 19, 2014 9:39 PM Flag

    Stockpiling massive rights to explore, not produce. You are banking on all exploration being a success. That is not just a lot of money on leases, but it will require significant capex in the coming years. I'm crossing my fingers it works out, and can't wait to hear the plans.

    Sentiment: Hold

  • santacruzxt by santacruzxt Mar 19, 2014 1:25 PM Flag

    Everyone, this just got interesting. FCX and Castex have both bid on the LaFitte block. The SWUD story has been so hard to peal my eyes from....even though it has given me such great heartache. Does anyone know when the Central Gulf Sale 231 results will be released? I also saw on UpstreamOnline that the front page says FCX a big winner in the sale. It is subscriber only content though.

    Sentiment: Buy

  • Reply to

    Some of you folks

    by rufus_jones_the_3rd Mar 14, 2014 8:55 AM
    santacruzxt santacruzxt Mar 14, 2014 1:54 PM Flag

    Great topic Rufus, you have added as much to the conversation as they have.

  • Reply to

    Approaching 52 week low

    by rexobxip Mar 13, 2014 11:49 AM
    santacruzxt santacruzxt Mar 14, 2014 9:50 AM Flag

    I'm not worried. I am young and bought in to what I think is a great company that has a solid dividend. I would be worried if I owned RIG, who knows what will happen with them during all of this reorganization. Obviously, it's not like I have much money at all tied up in offshore drillers, hahha.

  • Reply to

    Approaching 52 week low

    by rexobxip Mar 13, 2014 11:49 AM
    santacruzxt santacruzxt Mar 13, 2014 10:43 PM Flag

    A paltry 150, in my Roth.

    Sentiment: Hold

  • Reply to

    Approaching 52 week low

    by rexobxip Mar 13, 2014 11:49 AM
    santacruzxt santacruzxt Mar 13, 2014 12:33 PM Flag

    I have not seen any positive articles lately for drillers....except for sites like Seeking Alpha. That doesn't count. Shale prices are going up, deepwater prices will come down. It will re-balance at some point. I cannot say when, but I will take an almost 6% divy to wait. I am also no where near retirement, so that helps my case.

    Sentiment: Hold

  • Reply to

    speedbump

    by lylewalendy Mar 3, 2014 12:49 PM
    santacruzxt santacruzxt Mar 4, 2014 1:42 PM Flag

    I sold all of my shares yesterday. This was the only stock in my portfolio that had already paid its dividend, and I wanted to lock in the profits I made riding it up from $38. I will be back, this stock is still a buy in my opinion. Just needed to have more cash on hand.

  • Reply to

    Remember Lafitte ? Its' back !!!

    by rufus_jones_the_3rd Feb 27, 2014 10:44 AM
    santacruzxt santacruzxt Mar 3, 2014 1:19 PM Flag

    Good God I have typing problems today. If it is picked up by FCX within a year of letting the lease expire, TISDZ would retain the ORRI.

  • Reply to

    Remember Lafitte ? Its' back !!!

    by rufus_jones_the_3rd Feb 27, 2014 10:44 AM
    santacruzxt santacruzxt Mar 3, 2014 1:18 PM Flag

    If it is picked up by FCX within a year of dropping letting it expise, TISDZ would retain the ORRI.

  • Reply to

    Remember Lafitte ? Its' back !!!

    by rufus_jones_the_3rd Feb 27, 2014 10:44 AM
    santacruzxt santacruzxt Mar 1, 2014 6:14 PM Flag

    What would be the cost of drilling a new well onshore and completing it, compared to the design of equipment and completion of an already drilled well at Lafitte? The Unit drilling rig might cost 1/5 per day rate as an EXL, but Lineham Creek took about a year to drill if I remember correctly. Does anyone know the minimum bid for this leases?

  • Reply to

    BUY NOW and make 6% yield and see

    by radmok Feb 27, 2014 10:23 PM
    santacruzxt santacruzxt Mar 1, 2014 6:06 PM Flag

    Best of breed is a bit too bullish. They are the biggest, but they have their problems. Should be an interesting year as far as RIG news goes. If it drops under $40, I will hit the buy button unless something drastic changes in the market.

  • Reply to

    Love it,Waiting for down day in the market.

    by sexddocx Feb 28, 2014 1:19 PM
    santacruzxt santacruzxt Mar 1, 2014 6:03 PM Flag

    Monday should be interesting if Russian ruffles it's feathers.

  • santacruzxt santacruzxt Feb 28, 2014 5:18 PM Flag

    HERO is a shallow water only driller with an aging fleet. Not sure how you can compare these two. RIG is going through some massive changes with their fleet, and with their workforce. Compare the assets and revenues of the two companies.

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