Jme, you kill me. the stock is up from the 5's and has a flow of good news & upgrades. The stock's behavior the last week or so, smacks of manipulation, up and down. Sometimes that's just the way it is. Now, If it's a #$%$ stock, state your case.
Read the article closely. Talks about a "looming gas glut" then mentions three companies that are attempting to flip part of their contracted LNG shipments for a profit in the belief they won't need the full amount. Still, the article has some good info.
wow Debbie, such hate! Better do some homework, SDRL has new builds coming w/o contracts. No lies about that.
Without contracts being signed for these new rigs..... and soon,( which is the reassurance investors are looking for), the attractive divi won't be enough to keep the stock from coming under constant pressure. It's one thing to acknowledge that SDRL has the youngest, most technologically advanced fleet, quite another to say that they are all contracted. The Ukrainian problem just adds urgency.
Found it on the Nasdaq site under the CBI stock symbol.
5. Chicago Bridge & Iron (CBI_) repurchased $67 million of its shares in the first half of the year. It announced in May that it plans to buy back 10.8 million shares, about 10% of its float, through the end of October 2015. It's trading at less than 13 times earnings versus 20 for its sector. A price-to-sales ratio of 0.56 is a bargain compared to its peers, trading at 1.6 times sales. It pays a 0.44% dividend.
2014 earnings are expected to grow nearly 22% year on year as sales jump 18%, according to Thomson Reuters Knowledge. The developer of energy infrastructure reported $4.2 billion in contract awards in the second quarter -- more than double the $1.8 billion in contracts last year. The backlog amounts to 2.5 times current revenue. It has a good chance of winning more awards from liquefied natural gas, chemical production, power plants and other infrastructure projects, D.A. Davidson & Co. wrote in a report July 25.
Prescience Point#$%$ piece on the 25th managed to drive the stock price down from 70 to 58 within days of this article. Their deed has already been accomplished. The article is old and doesn't apply now. Since the article, Buffett has added to this stock and Meryl Witmer, a renowned stock picker, sees this stock increasing cash flows, which will in turn drive up the stock into the 80s in 2015 if not by 2015.
Crab Meat has a unique way of saying TLM is a dog of a stock. He has been right, has he not? For myself, I owned this stock for a year on the promise of a turnaround. It became clear that TLM was heading nowhere and bailed out of this stock better than a month ago @ 10.32 because I saw this as dead money, before all the hoopla over Repsol. The millstone that is the North Sea around the neck of TLM is sufficient reason, in my opinion not to pursue the buy out. Now add the Iraq property and that most assets are cash flow negative and it's easy to see why the stock is now under 10/share. Hanging on to TLM on a hope and a prayer for a buyout or turnaround that isn't taking hold doesn't make much sense to me. Of course, I could always be wrong and its just one man's opinion that really doesn't matter a hill of beans anyway. JMO.