Board members...It looks like SDRL was over-sold in the last couple of days...plus, Mexico is 'hurting for more revenue from off-shore oil'...I think we will see a lot more drilling off-shore by private companies in Mexico and I feel SDRL 'will benefit from it' as they have an on-going stream of modern rigs available...! $tagg...!
Board members...it looks to me like SFL's net earnings have almost doubled from the previous quarter, from 24 cents a share to 44 cents a share...I do not understand why another 85 million dollars was excluded from earnings (I guess they are non-taxable earnings)...over-all I think the report is very strong, but at this time it looks like the market don't like it or understand it (???)....! Stagg...!
victor...check out CEFL (yield about 18% and pays monthly)...CEFL is a doubled leverage stock (2x) and you get twice the profit or loss on the same amount of invested funds (the yields vary from month to month, they pay as they receive)...PSEC (yield almost 13% and pays monthly) is another nice holding and this is probably a good entry point....DVHL (yield about 14% and pays monthly) is another doubled leverage stock (2x) and the payouts vary from month to month...NYMT (yield about 14%) and BDCL (yield about 16%) are more sweethearts (compound returns always win)...! The SFL and AMNB message boards are 'all about investing', no name calling, no religion or politics...! The SFL message board 'got so popular' that the AMNB message board was created to help with the investment traffic...! $tagg...!
bob...I think your buy on SDRL is a good move...myself, I am waiting for a bit of a lower price and I may have missed my chance (???)...that said, I also think that that NADL is another decent buy right now...NADL earnings were not to bad (down about 38 million for six months from 2013, but there is a lot more to the whole story)...NADL is a good stock 'right now' and if the Rosneft deal does not fall through 'it will be a lot better'...again, nobody always hits the highs or lows in the markets, but it is not to hard to make some profit in the middle...! That said, MY MLPL is still a hard charger (it never seems to leave the fast track very long)...! $tagg...!
sarge...yes, PSEC is still on sale...I will add more PSEC if the yield gets much over 13% and the yield is now at about 12.8%...SDRL has already bounced off of its lows for the day...I will add more SDRL if the yield ever gets much over 12% ( the yield on SDRL is now about10.8%)...! $tagg...!
william...if SDRL has to stack more rigs coming off of contract in the next few months, I will just have to grow more corn (its that simple)...for the record, I ate cornflakes for breakfast, I run E-85 gas in my flex fuel Ford truck, I drink bourbon whiskey made from corn (Jim Beam Black), I will have a helping of sweet corn for supper and will eat popcorn while I watch TV tonight...! American grown corn 'will save the world' and it may even help SDRL as I invest more of my corn profits into it...! $tagg...!
sarge..thanks for the posted message...my take is that nothing much has really changed with SDRL at this time and this may be a chance to buy more higher yielding shares on the cheap...my current opinion is, that SDRL will continue to pay a very nice dividend and SDRL always has a lot of good deals cooking (no fear here)...! If there is a strong share price pull back I will add more (even if i have to sell something else to do it)...! I still have 'strong faith' in SDRL and I don't mind getting paid very good to wait...! $tagg...!
Board members...I found where bob says SDRL beat by 50 a share...but it is also a bit confusing (???)...I also made 'another mistake' because it looks like earnings were down by 2 million dollars from last year and not 3 million...! Maybe, I need to wait another quarter before I eat crow, lol....! $tagg..!
bob...I cannot find where SDRL beat by 50 cents a share (???)....it looks to me like SDRL came in 22 million dollars below estimates and 3 million dollars below a year ago...I am not saying your are wrong, as I have a long history of making mistakes (when it comes to data)...I hope you are correct because I don't really want to eat crow, lol...! $tagg...!
Board members... I said that I would eat crow if SDRL did not have good earnings this quarter...I guess I will have to eat some crow (but not a lot) because earnings are 'just about the same'...SDRL has stated they 'are not ordering' more drilling rigs at this time (they don't have to order more because they already have 18 on order)...'just about the same' is not really that bad, its just not real good...
I don't feel the earning miss is that bad, but I am not Mr. Market, and market conditions will prevail...I have taken some profit on both of my SDRL and SFL holdings and now I can see myself probably buying some SDRL share back again (the current yield can go a lot higher on a share price pull-back)...the fact is, we still get paid very good to wait for better results in the future...! I also want to add that SDRL has so many 'good deals cooking' that it is getting hard to keep track of all of them...! O.K. lets hear some opinions from the home crowd, lol...! $tagg...!
k-bon...The Street 'put a sell rating' on SDLP, I read it and I don't much agree with with it...a lot of the same old story (to much debt)...in my opinion, debt 'is an asset' when it is income producing (more debt equals more income)...I feel that SDLP has 'very good color'...i.e. return on assets is 7.6%, return on equity is 26.6% and the profit margin is 12.5%...the earning growth is down -36.6% YOY because of adding more off-shore drilling rigs and a 28% interest in Seadrill Operating L.P. (short term growing pains)...! $tagg...!
bayman...I have a few thousand shares of PSEC and I am 'not adding' any at this time...PSEC is up 107% over the last 10 years and 5.6% YTD in Total Returns and I expect more of the same...PSEC is one of my core holdings and it is in balance (dollar wise) with my other core holdings...however, I also have other stocks on the radar at this time...
The markets usually sell off after Labor Day until early November (Bloody October)...if we have a Bloody October I will pick up some bargains and if we do not have a Bloody October I will still make pretty good returns...I have enough faith to keep my PSEC but not enough faith to add more at this time (my average share price is $10.83 a share, without yields)...
I usually have all of my farm income in by November and then I take those funds and start shopping for value before a possible Santa Clause Rally...more, my STAG (yield about 5.8%) has done great and I could also replace some of it with a higher yield holding in the future and get twice the yield (compound returns always win)...! I know that I think 'outside of the box', but that is where the money is, if the money was inside the box, I would not be looking for it, lol...! $tagg...!
Board members..PSEC net earnings were up 44% YOY and they missed on 'expected earnings'...I plan to keep the faith on PSEC because it pays a nice yield monthly and it still has a buy rating by 'The Street'...! It would probably not be a mistake to add some more shares on the current price pull-back...! $tagg...!
Board members...it looks like AMNB is buying out MREE...yesterday MREE was up about 24%...I do not own either one as I feel the current color on them is not very good...! $tagg...!
Board members...I still like PSEC (yield about 13% and pays monthly)...PSEC had a strong increase in YOY earnings (up 44%), the earning were just 'not as good' as expected...I still like PSEC and I am keeping the faith on it...! $tagg...!
sarge...at this time, I am 'staying the current course' because most of my holdings are doing fine...I do have 'some oil' as I own MLPL and it is still doing great ,MLPL is now up about 41% YTD in Total Returns...COP in now up about 18.2% YTD in Total Returns...
In banks I like WFC for the long haul (but not yet)....in oil I like KOG and NSLP (but not enough to buy them)...if I buy anything new in the future it may be WMC (again), NADL (it is a fine company even without the Rosneft deal), or maybe even take a dip into NEWM (as it seems to have a lot of good color and something keeps pushing the share price upward)...
That all being said, I am a bit disappointed in my LMLP (because of the low yield) and I now have it on probation...if LMLP don't start showing some good numbers, I may replace it with something better...! Have fun in Seattle and keep the faith...! $tagg...!
coochy...CEFL has a yield of about 17% (and pays monthly) and that is 'a lot of slack to play with' (today is a good entry point)...! Good luck investing and don't forget to check out WMC (yield about 18%)...! $tagg...!
Board members.. SDRL owns 70% of NADL...I don't think that SDRL would let their current holdings in NADL be reduce by about 14% unless they were going to profit from it...my math say if SDRL lets their holding reduce by 14% in NADL then they feel they will profit 'a lot more' than the 14% reduction in holdings and the income from that amount of yield on those current holdings...
Therefore, if SDRL expects a lot more than a 14% upside from their current stake in NADL and we can also expect at least the same amount of profit (i.e. 14% profit would be the break even point for SDRL, not us)...NADL has been a strong company without the Rosneft deal, so when the worst we can do is 'break even or make a profit' a stock is always a good buy (and we get paid a nice yield while we wait for the future results)...! $tagg...!