Yeah mike, oil is expected to bottom this month... oil etf's are the play to make when that happens. I don't like buying money losing oil drillers which will report huge losses. perhaps idiots will jump into these stocks on oil rise, but that's a fool's play. Get out of oil tankers when oil starts rising... that party will start to come to an end.
ttm is -$1.02 but yes you are correct that the future EPS is -81 cents.. I suppose that this is somehow an improvement right?... not if that estimate gets reduced as it probably will since oil prices will remain cheap... even if oil prices rise from the current low, onshore shale oil production would simply pick up and the need for offshore oil drilling would still not be there. Offshore drilling is almost dead except for in locations where deep-water drilling will lead to development of HUGE oil fields... too bad HERO owns no deep-water drill rigs.
Are you any smarter?... how much have you lost now idiot?... please be honest for once in your pathetic life.
EPS is expected to remain very negative as the price of oil has completely collapsed and oil companies are now eliminating offshore drilling from their yearly budgets... it's safe to say that this year is a complete loss for HERO and other offshore drillers... HERO is the worst in the group of drillers as over 90% of their currently operational rigs are old and out-dated. Most are also mat-supported which limits their use and all are shallow water rigs... not one single deep water rig in the entire rig... not even a floater rig... this company has SERIOUS PROBLEMS as they own almost completely the wrong assets... the two discovery rigs are good rigs but no one wants to pay a high price for their high technology so HERO would have been just as well off buying cheaper lower tech rigs since they would have been paid rates equivalent to lower spec rigs... then let's mention the other lower tech rigs that HERO does own... they are old and out dated and collecting VERY LOW RATES as they are in low demand.
Tisk tisk to the idiots that thought it was a good idea to buy stock in a company with such a pathetic list of assets.... which also pays absolutely no dividend... most drillers will pay a dividend but HERO has never paid one, not even when they actually did show a profitable quarter... so why buy this driller?.. no reason really unless you have a screw loose.
Sentiment: Strong Sell
I thought it necessary to bump this garbage... this is truly a stupid post as most stocks that reverse split sink lower and reverse split again... take a look at NEWL if you need proof.... DRYS share count is way too high to report any positive earnings per share in the next 3 years... the company actually wants a reverse split most likely.
is it "past" or "pass"?... how intelligent are the regs here?... you've been around for some time now dingo, praising DRYS from when it was above $3... don't tell me you don't know how to properly phrase a common phrase?
I'd say that I feel bad for audiophul but he's beaten up on so many with condescending comments over the years that it's hard to feel bad for the 50 year old balding idiot. Perhaps going forward, we find audiophul to be more respectful of the opinions of others... especially those of yours and mine mystocks24
There are no so called "PROS" for this bottom of the barrel company.
Your so called PRO arguments are full of holes... lift boat business is a joke, even with debt stretched out to 2019 and 2022, they still have payments to make that will be difficult since they will lose money for years to come. Now please explain which oil drillers do not have domestic and international exposure?... it's really a choice most companies make... HERO is limited to an extent however since most of their OLD RUSTY MAT-SUPPORTED rigs are not suitable for international use... keep this in mind please you idiot. Management has proven to be a joke.. how many times have they bought shares.. believing in the company... only to see share price fall lower... more times than I can count which proves they don't know how terrible their company is. Mix of new and old rigs is HEAVILY TIPPED TOWARDS OLD RIGS... they have exactly two newer rigs in their possession.. the rest of their fleet was built from the 1970's to 1980's and not only is that technology old but those rigs have been exposed to decades of stress and salt water which takes it's toll on steel.
Finally... the safety record is not as good as you portray it... they had a rig burn down less than two years ago. You want an exact date?... fire happened on Jul 25, 2013. So much for your safety record non-sense... how many rigs have their competitors had burn down?... not too many others had similar problem.
These newbs who are coming out of the woodwork like bullhedger are fascinating... they seem to have done ZERO actual due diligence on the company. EPS for HERO has been getting down-graded for a year now and why would you ever recommend a stock that you know will show negative earnings for the entire year?? Seriously?.. all non-sense aside, give me a reasonable answer as to why you would ever buy a company that will lose money for the foreseeable future when no other respectable investor would do that?
POS will not make it one year without having to restructure. SDRL too... both are going to head for Chp 11 and investors will be lucky to collect token warrants in the new companies.
Lift boat business is a joke.. they were forced to sell their american lift boat fleet because they realized it was a horrible investment. International lift boat utilization is 40% you say... and that is suppose to cause anyone to buy this trash?.. 40% is pathetic.
HERO did not initially go down because of Angola, it has been sinking for over a year now... you apparently haven't been around very long. Perhaps you should pay more attention to those of us who know this company more thoroughly.
HERO has a lot of debt and with a sour offshore oil drilling market, it will be tough for them to get loans... if they don't go belly up in 2015, it really doesn't matter... stock will still be a sub-$1 stock that will have to reverse split to avoid the pink sheets... it'll fall back below $1 as the shorts continue to short the worse stock in offshore oil drilling because HERO owns OLD RUSTY RIGS from the 1970's and early 1980's that are mat-supported which limits their use around the globe.
As for scrapping... you are an idiot if you think the rigs won't CONTINUE to be scrapped... they have been and will continue to be sold for SCRAP... History should have proven that to you by now but apparently you don't look to see what HERO has been doing with their old rigs... they been selling them for scrap... you make stuff up for some reason... what's the point of lying?... do you think that no one will call you out on it?
Sentiment: Strong Sell
If shorts are lying, why is the price continuing to sink?... it's sunk from $7.50ish over the past year and a half... that because of message board comments or because the stock is a pile of garbage? I traded this stock from upper $6 range to the mid $7's back when it was plausible to do so and made money... but oil company news regarding pull back in CapEx change the outlook for this company and the price targets went from $11 to whatever it is now... $1.31 according to yahoo finance. I like that you keep trying to say that shorts don't know anything and that they are idiots but apparently they are not the ones losing money.. the little novice known as twitter trader seems to be losing all the scratch... I don't feel sorry for you either... idiots deserve to be parted from their money.
Lot of expense to maintain those rigs enough to keep them out of the scrap yard and factor in that most of their jack-ups are mat-supported which is nice if you're drilling in the gulf of mexico but not so nice if you're drilling in most other parts of the world.
Most shallow water oil fields have been tapped.. that's why we have so many deep-water rigs being built these days. shallow water rigs have fallen out of favor since they drill wells that get tapped out quickly whereas deep-water oil fields can have oil pumped out of them for a much longer duration meaning it was more worth the cost of drilling those wells.
HERO owns RUSTY OLD RIGS that should have been retired years ago... they have a very small number of newer rigs (4 if I remember correctly and some not yet built) and that will not sustain a company with a high share count like HERO has... EPS losses for years with this horrible POS company. You could have made money on investment elsewhere but you chose the worse company in one of the worse sectors so instead of watching the stock go up... you're waiting and praying for something to happen (which it won't).
Every idiot on every yahoo message board says something to the effect of " has one shorty with multiple alias's." There are more than one guy shorting this POS stock since it's the worst of the offshore oil drillers in a very bearish sector.
What's more interesting is that you mention that you believe hedge funds are shorting this stock (hedge funds are big buyers or big shorters) and you believe that this is some kind of offering of good news or that it is suppose to provide comfort to current shareholders... if a lot of money were pushing down a stock that I personally owned, I'd bail out because that's how basic rules of investing work. there is no reason to think that anyone will have to cover with this company.. VTG is essentially as bad but HERO has a terrible business model since it was their stategy to buy rusty old rigs that other companies no longer wanted and they thought it would lead to profits but it is leading to losses and continual cold-stacking and likely scrapping.
You need to grow up idiot.
Those were a couple of the biggest talkers here for the longest time.... appears you don't like me mentioning one of your old user names... TOOO BAD you big BABY!!... I say what I want when I want and if you don't like it?.... Well then, don't be an idiot and disagree with me since I'M ALWAYS RIGHT!!! You get your head right and bow and scrape at my feet and maybe I'll just teach you something ROOKIE.
It only takes the basic levels of logic to see that it would happen yet MORONS wouldn't listen. Medical science needs to do more to study the brains of MORONS.... all morons that bought this stock after I WARNED THEY WOULD COLD-STACK MORE RIGS.... please donate your brains to science when you pass from this world. We really need to get a cure for that.
Bump... I WARNED THEY WOULD COLD STACK MORE RIGS... But Morons Just Won't Listen!!!
Sentiment: Strong Sell
TOO FUNNY!!! I said they would cold stack more rigs within the past week and here we are again with ME being CORRECT and IDIOT Rookie Speculators being wrong because they don't understand how to DD a company or a sector. They bought the worse stock in one of the worse sectors of stocks.... they all deserve to lose every dime because there is a price to pay for idiocy.
I've been on the wrong side of the trade with stinky dog... bought some NEWL for swing trade (small amount almost a year ago) and took a small loss after stop loss order triggered... I admit I used a different alias on that board when I owned it but stinky dog (as much as I hated him at the time) did wake me up on the stock... after I sold, I joined him in bashing that garbage company... it reverse split like 3 times afterwards. In the case of HERO, I've been here about a year longer than stinky dog. You have to give him credit, he can identify a terribly run company... if he's bashing, you better start doing a bit more DD.
I'm glad that you hate me as much as stinky dog... hate us all... stock does not fall because of our comments here... it falls because this is the worst company in offshore oil drilling and the sector is at the mercy of the bears. If you are going to short a company in a bearish market, you short the worst... HERO has lost how much value since January 3rd of last year?.... 87% if my math is correct... I sold at around that time (early January 2014) and broke even... bailed after reading an article that oil companies were expected to cut CapEx... looks like it was wise to read the news and act on it... blackgoldgusher, robertinupstate, and several others all lost their shirts even as the mocked me for warning them... now what you got to say moron?... I'm a villain for being right?
I did make money trading HERO in late 2013... seemed to be caught in a range and I bought low and sold at resistance... that's how you would play this stock, you should not be foolish enough to go long since their earnings are going to continually be terrible and possibly get worse over time... they own OLD RUSTY RIGS... by the way... I've posted here as kudlowcramer for about a year now... what's up!!!
Sentiment: Strong Sell
Highly doubt you will remember for another five minutes but you better off now and give your father his daily hummer.