"they can't pay off their obligations"
No, they didn't add to debt, they are moving debt around for lower debt expense, since HERO clearly stated in CC they were looking at these three options in 2014 with free cash flow, issue a stock dividend program, reduce LT debt or building new rigs. By moving debt out to another year, they can pay down ST debt or refinance at lower rates.
Overall, the news is good and the China data is what caused the sp to go down today.
Any market weakness will have the shorts covering, it will go fairly well unless good news comes down the pipe, then the bar we be raised, they are buying because they know they want to own long!
I'm all for spinning the negative, its what all shareholders need to know. But you are taking a positive and turning it into a negative, so you are either misinformed or angry.
So you a day-trader?, shorting st these levels or adding shares long?
I see this board needs some leadership! What part of stock going up due to short covering do you not understand? $7 by summer, it was $5 when you exhaled that statement in January. We said it was going to $3.80!
Grannybones?....are you a child?
I see this board needs some quality posters or an exorcism!
The good news, we are about to save you now that the short covering is done and the stock sinks off the Bermuda shores slowly.
Next time, pull a number out of the box that actually is a mark on T/A line!
Ms Cleo's tankers are headed to the high seas!
Somebody on another board told me JF was the smartest man they know, sure he is, he overbuilt and watched the stock go from $60's to below $4 and FRO almost had to file for Chap 11.
I'm here John, hope you can survive on those billions for another year!
I'll be back, Alegrias!
I thought we would be on the same page, from a market point of view, market was down on China Russia, etc. and the sp was bumping 16.5X and soon as the news hit a speculative buyers walked up to the pole, almost like he now had permission to start buying shares! Without the big buyer, it was headed to 16.3X. Lets hope this brings in some institutional support since we lost a big supporter, the seller I identified weeks back.
I think we agree on this one, thanks for being a professional like us!
Glad you're not attacked daily from bringing information to the table, if you're ever in Atlanta, stop by and I'll buy you dinner.
and roll! FWIW, my alarm just went off on FRO, its approaching my 3.80 mark. Below $3.95, shorts are done for now, its a different ballgame.
Now on primary radar screen for tracking, that's your Bogey!
You seem to be up on the MI/insurance business. With the overall political battle in the senate and congress over Freddie and Fannie, reduction over time, seems to be good news for GNW/RDN, etc? This should direct more business to the private insurers? I remember years back Schneider from Genworth addressed this issue with MICA. Is this the path we wanted?
Is the current news the same path discussed years back, again, seems like good news to me LT for Genworth, you have an opinion or is it not a game changer?
Added some shares @ the 7.1X for a ST trade, if you're long and building a position, a good entry/add point on a LT risk/reward...IMO!
using the down turn(s) to buy shares, smart short, welcome aboard mate!
Could be Mike, oh never mind, he is waiting on ZERO cause he is long!!!!!!!!!!!
I haven't seen mike this excited in years...LOL!
bad market today, short sell down shares in pre market on what is actually good news = great opportunity to add trading shares. Private placement is good news longs, don't let them scare you!
Thank you China!
Still pissed you didn't sell in the $7's? You are a disaster, big difference!
You thought it was going to be easy to push it down to $3's and now you're down on your short position, I warned you Mensa boy! Global is no match for my team, we are going to squeeze an extra 18% out of their stupidity and we don't even have to wait on a letter from the SEC!
Like a rock!
tensions in Ukraine, if they become a reality, then oil and gas sector is the safest place to be, Oil prices will increase. Based on BV and current tensions, HERO is a low percentage risk, even in a bad market!
Lets see if the market bounces today!
I was watching smokes, no matter what happens, that was a high % mark. I was patient for 4.72, but did see the action and you made a good call, no matter what happens.
The great thing about the sp of HERO, you can always cost average in a trade also, the odds are with you heading North!
You can't make money unless you're in the game!
consolidation in the 7.6X range after earnings, put PKD on radar now that its below that level. Be patient, its time to watch for a possible ST trade.
Hopefully Gray is back on his two week hitch and those poor rig hands have to listen to him whine about his job!
If we're lucky, he falls off the platform!
Let me help Mike, Cramer trashed PKD when we recommended it for LT investor's and he picked two other stocks in space, since then he is down one and up one less than 28%, PKD is up over 100% in the same time frame.
Cramer is a good resource and full of "it"(information) and should be used as a sounding board. He also makes good calls!
Just look at the math on HERO, math always works, sometimes it just takes awhile before wall street decides to do the math.
Now, you can take another vacation and we will send you a postcard when it hits 5!
Wouldn't it be a novel idea that you start contributing instead of whining and saying stupid stuff?
I'll take the gold and you can have the silver! Welcome aboard the SS HERO, this board is much better than the GNW board. Listen to the audio released on Friday, its boring, but things we must do when one has such big profits riding. Kind of negative for me, the LTC product is expensive, I wouldn't buy it! It seems the potential market is small based on cost to insurer, verses income levels. Most of the boomers have big 401K's, they are the customer and most already have the funds, 80% of the market is below income level for policy...IMO
But, unlike the idiots who stalk me, you know I'm not negative, just cautious on 1st Qtr earnings, "IF" earnings go down sequentially, the headlines could #$%$ a few. Now with my number of where sp should of been after earnings and we fought for, we are there, now what?
I'm still cautious ST on GNW, but glad you are making the calls. Keep on trucking!
they could push the ignore button, but that would require them to be a man! I will add my new stalker to my ignore list, the funny thing, he claims to be lawyer. What do you call 20,000 lawyers at the bottom of the ocean, a good start!
Still a hold for me until we are bought out or June, whichever comes first!, I'll be back after earnings, still not enough juice in it for me to trade. The reality of the guys who keep telling you to add is this, they now have a average cost per shares of about 10.60 and have more risk going forward.
Jar, the seller was the one holding it back. They only question is, will there be another one and how good are 1st Qtr earnings/guidance, now don't be foolish like me, just dream of $30 and no bad guys would ever push Genny down(:-) Congrats on your calls, I'm assuming you hit the mark?
Beautiful day here, later!
I'm followed by day-traders who bash me all day...LOL! Thanks for the kind words, I believe we will win this one, but more important if something happens, I want leave you guys holding the bag! Quick response for now, most of my positions today were LT(2011/2012/2013) and most are at a level that I'm telling investor's to hold, we have already taken profits for 2014 in January.
The market is top heavy and I need to see 1st Qtr results(overall) and guidance before I make my next decision. Could be some downside, investor's are getting too comfortable and ignoring signals that weather might be a killer of GDP in 1st Qtr. Being patient is the smart thing to do for now. Their is always a HERO to own or trade even in bad markets.
The only thing on my radar now ifs FRO, I've been trading the short coverings for years, but with the risk involved, I would of never built a large LT position. Things have changed and I'm a buyer @ 3.8X for now, if recovery comes down the pipe, I believe $15+ is a LT goal by 2016. Today, its the redheaded step child of the sector!
Let me be clear, high risk/high reward. Also, I'm not long yet, so if you see 3.8X, ask me and I'll give you the plan.
I'm on the tarmac in ATL waiting for takeoff clearance from the tower, after I see state of the Economy with 1st Qtr results/guidance. I think things are fine, but wall street needs a bottom to move forward!
Now every conversation contains these type statements "our 'spirit or vision about investing", the board is getting crowded, lets pack up and go elsewhere, our opinions are the only ones that matter. if we lose money that is the spirit of investing, no negative vibes, we are true investor's and nobody with other opinions are allowed in the "club"
Kinda sad to me, with that said, then you guys can have your domain and good old boys club, I stand for what America was built on, equal opportunity and freedom of speech! I certainly don't get my feelings hurt because day-traders stalk me all day, they have ruined every Yahoo board and the spam, call Yahoo they allow it because page views are part of their growth engine, money money money!
Now they will never admit the hints are meant for me, but I wonder how good this board would of been if the "other investor's" would of been allowed to participate. Well, you wouldn't be down in your SDRL position and you would be up over 89% on your PKD position. But that is not the spirit of investing, that's just foolish, I could of been a member of the club!(:-)
With that said, you guys stay here, this will be my last post! I enjoyed my few exchanges with a couple of you guys, you know who you are. Good luck Bob, cheers friend.
Glad I invested in SFL, I believe it has/will reward all investor's LT, good luck to those who believed in SFL....
You're a good investor Anthony, I wish you and yours the best and congrats on your retirement decision. Health and happiness friend!
Jar, do you feel fat today like I do? Just remember, I'm king of thumbs down, oh wait, I'm you and you are me. Could be a Mr. Natural flashback, awesome sauce!
If SFL does a gap down next week, ex dividend, I believe the 1st gap down support will be the 18.0X area. If that is the case, then it validates that the intuitions who accumulated shares have taken the float available for buy/sell to a lower level.
The problem now is this, with the institutional buyers done and the overall sentiment is a hold in SFL at these price levels. If a seller steps up to the plate, worst case should be 16.8X before gap fills.
This gives everyone a opportunity to trade stock for st profits or at the 16.8X level, this would be a sp level that justifies adding to position shares and raising cps as bar moves up.
Just my thoughts on current T/A view and distribution of shares before dividend!