uh, they are not downgrading. There's an article out there stating they expected single digit guidance. S&P Capital has already reiterated...
AH was some weird idiots that haven't been in the stock long. This will open Green on those earnings. Guidance was not news...
Only thing negative about this stock is the price action, which actually looks good at 28s.
The MLP, Caledonia, No additional oilspill liability and earnings overshadow a possiblity of 2015 being a hard year by far. Some idiot is going to respond to this talking about no rig demand, which will only reduce 2015 earnings a bit. You will get. 10% dividend at these prices while this short term event abates.
A 25 % drop in oil would crush almost all shale plays leading to an increase in demand deepwater drilling. This is already going to happen at current prices.
It really looks like the bulls have drawn the line at 28. It also looks like the shorts are happy covering here. That dividend is strongly in place with the caledonia move. Expect a huge earnings beat and a rally into earnings. I see us getting to 35 at earnings.
#$%$, you are just low totem paid basher if you cant even pick apart this release. All of you should add this guy to ignore as just seeing his nonsense will incorrectly skew your decisions.
You still do not have it right. The 350 net proceeds go to caledonia from bonds purchased by transocean. There is a first lien Caledonia will use in addition to the bonds to buy ships from transocean. So theres the equity at about150 and the amount of the first lien which is undisclosed that go to rig. Then Rig keeps more than 50% ownership of the rigs, which is also undisclosed.
I think thus was rushed out to help shareholders. Very incomplete.
Sell and take your lump. This POS is not worth $100. This will be a huge dumpster fire tomorrow and you will hate yourself even more. You made a bounce bet and lost. Dont make it more than that.
One of the traders mentioned QE4 might be possible. The more this market tanks, the more people are going to want it. The market is addicted to it and needs it at this point to keep governments solvent. I think it will happen and the currency wars will become very apparent.
If you are trying to pick your timing on this stock or any commodity stock, you need watch for any news the fed will be starting a new program. Maintaining 0% interest rates on some vague timeline will not save commodity stocks. However, if they surprise the market with more stimulus commodities will rocket.
I got killed in this stock thinking we were going to have inflation, and I was wrong. I would love to make some money back on a bounce, and the chatter got me interested, but I am going to hold out. All fed announcements are going to be huge for the market going forward.
Right on the money. Agree with your entire post.
There was a bit of chatter today on fast money about starting up QE again. Its something that will blow everyone's minds, but I think Janet Yellon would do it. As soon as you are 100% confident more QE is coming, you buy this hand over fist. Not before that.
There will not be a bottom here until more QE is announced. If not announced, this company dies a long slow death as it is not profitable to mine at these gold prices.
I'll add, 1960 is a huge technical level on S&P. At current futures it is going to get blown out at the open, which is going to open the flood gates of technical selling. If the GBP manufacturing number comes in like Germany's tomorrow is going to get nasty.
I would not want to own a stock trading at over 20x book and 100 P/E (if you consider their fake non gapp...otherwise there has never been any earnings).
The numbers out of Europe and elsewhere are pointing squarely at deflation. This will hit hard like it did in 2008 and these momentum stocks will be killed. There would even be bankruptcy here if the powers that be do not try to print their way out (why print when that solution just failed...). Tesla while die before it even gets off the ground and be sold for pennies to the big players.
Fed has closed shop and the numbers out of Europe are really starting to stink. US data is going to turn awful later this month, and we are going to be looking at deflation again. This ship must crash before we can truly recover.