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Nabors Industries Ltd. Message Board

tambo210 22 posts  |  Last Activity: Jun 26, 2016 3:31 PM Member since: May 15, 2012
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  • Reply to

    ?

    by chrisandeez2 Jun 25, 2016 10:18 AM
    tambo210 tambo210 Jun 26, 2016 3:31 PM Flag

    I'm very long in this stock, but somehow feel the market will punish this stock ffor being headquartered in the UK.....even though being so has little impact.
    Only positive from my point of view is if leaving Europe, paves the way for easier contracts with less overheads or bureacracy than being in it. Which probably doesn"t sound good given what happened to BP

  • Reply to

    any chance of this going BK?

    by g_is_a_failing_star Jun 16, 2016 7:06 PM
    tambo210 tambo210 Jun 22, 2016 3:46 PM Flag

    I can't see the Angola thing going well......this new Chairwoman has too much bad publicity........either she'll make life difficult and void the contracts, or tire oil majors by delaying and doing the bear minimum.

  • Reply to

    DS-6

    by tambo210 Jun 20, 2016 11:34 AM
    tambo210 tambo210 Jun 22, 2016 3:43 PM Flag

    I hope, we'll be treated to a special divi in the not too distant future

  • Reply to

    DS-6

    by tambo210 Jun 20, 2016 11:34 AM
    tambo210 tambo210 Jun 22, 2016 3:42 PM Flag

    Yup.....I except that. Why wouldn't you. Would need a major oil shock to force higher dayrates. Actually, was amazed at the number of rigs in the market which are 25years old.
    I feel that with these lower rates, share price will only meaningfully pickup with lower costs, and increases in dividends. Boy! I miss 75cents per qtr

  • tambo210 by tambo210 Jun 20, 2016 11:34 AM Flag

    News of the DS6 being deployed in Egypt to start work is positive. This was captured in the fleet status report, but no mention of which project.
    Great that an oil major is sticking with ESV.
    Love to know when fresh contracts might be awarded.....crystal ball doesn't work so good these days.

  • Reply to

    any chance of this going BK?

    by g_is_a_failing_star Jun 16, 2016 7:06 PM
    tambo210 tambo210 Jun 17, 2016 12:19 PM Flag

    That's valid.
    Have to admit the Sonogal situation just looks bad if you believe the media.
    As for these lawsuits.........they're just trying drag the company down.

  • Reply to

    any chance of this going BK?

    by g_is_a_failing_star Jun 16, 2016 7:06 PM
    tambo210 tambo210 Jun 17, 2016 4:38 AM Flag

    If the deal broke, would the Sonogal situation possibly result in them having to fire sale their holding in Angola, jeopardising the programme?
    Reason I ask is so what if the deal falls through....they have to go back and increase their capex, which is not great in these times.....but they still hold a worthy asset which if developed and coincides with a rise in oil prices to $70, then its still good.
    Or am I missing something? Is the $2billion payoff, better than anything they could ever achieve?

    Selfishly, I bought at $24 and I still can't see this making tracks all the way back up......

  • tambo210 tambo210 Jun 13, 2016 12:55 PM Flag

    Can't see appetite returning for these offshore drillers. RIG seems to be more appealing to explorers and producers. ESV is said to have scrapped 2.jackups today

  • tambo210 tambo210 Jun 7, 2016 2:58 AM Flag

    Why was the result from Heidelberg disappointing. Its producing, no?

  • Reply to

    ESV vs RIG

    by future_is_fiber Jun 6, 2016 4:36 PM
    tambo210 tambo210 Jun 7, 2016 2:53 AM Flag

    I thought RIG had a better backlog

  • Reply to

    Beginner investor...

    by tmille1c1127 May 31, 2016 11:16 PM
    tambo210 tambo210 Jun 2, 2016 2:09 AM Flag

    I'd revisit this question on the day after the next successful contract award. And that doesn't mean termination of another contract for the same customer.
    Without contracts, the backlog won't increase, implying little new demand for their rigs.

  • Just no impetus to try and rise. Even SDLP is green.
    The Management clearly are lost for words if they can't comment on their company vs their peers.
    The only contract negotations we're going to hear of is lower dayrates, midway through contracts.
    Sleepless nights thinking how low can this stock go...$0 I hear you say. Can't argue against it

  • Reply to

    What's your opinion on this stock?

    by ashjames408 May 27, 2016 11:12 AM
    tambo210 tambo210 May 27, 2016 3:31 PM Flag

    Not my worst stock in absolute terms , but abslute wise, bought at $24. I've written this investment off.
    Tis' a shame when you think carefully. A company with great talented engineers + geologists, whom have pressure on them to identify oil below hundreds of feet of water....the reward for that innovation looks likely tbe the firm calling ime to their operations.
    Saudis are making a mess.of this whole thing for short term profits (at reduced $/bbl)
    C'est la vie.
    I was skeptical about the sale announced at the time of the downturn. Just seemed like a weird point in time to buy anything oil related when there was no visibility of oil balance.

  • tambo210 tambo210 May 26, 2016 12:48 PM Flag

    So SDRL down 5% , and SDLP up 5%. Swings and roundabouts

  • Reply to

    15 cents a share on 891m revenue

    by rboone2 May 26, 2016 3:13 AM
    tambo210 tambo210 May 26, 2016 3:25 AM Flag

    Talk about Financial musical chairs. The renegotiations of contracts paints a negative picture.
    I noted the offshore drilling's nemesis, Petrobras, was mentioned in the Legal proceedings for Seadrill....relates to a subsidiary.....Brasil touted as a major find for oil, is probably reclassified as a poisoned chalice with this corruption.
    Anyone catch which page of the document, it declared the reinstatement of the Qtrly Divi ?
    ๐Ÿ˜›

  • Am I reading that correct? SVP for General counsel was awarded $43M worth of stock according to the most recent filing?

  • tambo210 by tambo210 May 25, 2016 6:16 PM Flag

    Looking at the Fleet status report (Feb 2016), does anyone recall if an announcement was made for the West Callisto, West Cresida, West Castor and West Prospero?

    West Orion, West Alpha are due to expire July and West Saturn is due to expire Dec 2016....that's gonna hurt.

    If no announcement is made for those rig expired tomrrow, then the next few months are going to be negative....unless the $50/bbl is sustained and Jackups are entertained....forget deep water..

    If there's no contracts for the above, then the picture looks bad and expect more stacking.

  • Reply to

    Perhaps a dumb Q, but....

    by tambo210 May 24, 2016 4:18 PM
    tambo210 tambo210 May 25, 2016 5:16 AM Flag

    There's word in your verbose which is central to everyone's hopes offshore drillers recover. ' Survives'.
    With no visibility on when contracts will start to be tendered (question over that model now), hard to say when the decline in backlogs qtr on qtr will arrest. Hence who can survive X years until producers realise existing wells are depleting.
    Even when such happens, there's a bureaucratic led lag in mobilising a Rig.......

  • Reply to

    Here's the gamble...

    by gameplayer1 May 24, 2016 5:59 PM
    tambo210 tambo210 May 25, 2016 5:09 AM Flag

    Hindsights a wonderful thing.....embarrased to say I've never shorted any stock.....don't know how to.
    If I had, chances are stock prices would have risen.
    My rationale to buying into oil was ....the World can't stop its thirst for oil. Mankind requires 3 things: Water, Energy, Food...in that order. I even said..." worst case this stock could lose 10%, but recover since the world needs oil for transport, plastic, etc. When oil was north of $120/bbl, I really didn't see a comensurate drought of oil levels at Cushing compared to the "full to the brim" numbers quoted at $30/bbl.
    Defo market manipulations going on. Hedge funds control the prices...not fundamentals.

  • Reply to

    Here's the gamble...

    by gameplayer1 May 24, 2016 5:59 PM
    tambo210 tambo210 May 24, 2016 6:25 PM Flag

    API data out now showed a 5.5mln drop vs 3mln expected.....Good for Oil producers....
    But what's good news in the Qtr report?
    Drastic reduction of debt? Doubt it.
    Better control of CAPEX ? possibly.....only thing they can manage
    Reinstatement/loyalty Dividend....dream on.
    Stock buyback....they diluted the stock recently..so no.
    Price of oil increasing 30% since the fall? Haven't seen correlation to date.

    Not to be blunt, but the only thing that moves SDRL and ESV and other drillers higher is contract extensions, new contracts, increased dayrates, purchasing of rigs + vessels at market value.

    None of these have happened....Contract backlog has declined qtr on qtr. Actually seen terminations, though the contractual amounts arebeing paid....in the case of ESV, Petrobras is being dirty and voiding contracts whichever way it can.....

    SOrry for being a party pooper, but I'm so peeved with the whole drilling thing, I've written off my stock entirely and just waiting for it to be official.

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