Goldman did predict a super spike in oil to $200 a few years back.
1.2 million people and 115 stores affected. I would bet that's a preliminary number the company has disclosed and it may end up being a larger amount affected it almost always is days to weeks later.
The day is young still but if this "conviction sell" call which seems a bit late and old news-like does not knock this down and this goes up on Monday Mr. Tarr should be sweeping GS floors not making sell calls at a bottom. It appears SDRL will trade with oil along with the sector for now. If OPEC cuts in early 2015 they all go higher.
It was on issuing stock and loan covenants not BK. This is in the stock it seems read the call it's pretty late and flimsy it should have been made the day after they reported not a $12. This will trade with oil and if OPEC cuts in early 2015 the whole sector spikes.
Still the slimiest firm on the street. Remember their super oil spike call about 7 years ago for $200/brl. This news was factored in already and the market is telling you that right now especially if shares close in the green today.
Check LINE/LNCO their cash to debt ratios that's what it's all about for these overleveraged companies SDRL is actually better. Plain and simple they all need energy higher to bring down their debt levels along with cost-cutting. Go read the GS call last night the analyst assumes a $70 oil level yet he is talking a 2015 into 2016 time frame let's see how oil plays out and SDRL was one of the first to eliminate their dividend which had to be done. Like I said earlier where was Mr. Tarr with this call when they released their latest earning's report and the shares were 1/3 higher than now? I would guess GS is still short and trying to milk this a bit further. I said that this may close near $12 today if oils stays up all day a lot of this should be in the stock already. This is not coal this is oil and once OPEC finally cuts production all of the sector will spike.
when this Goldman call came out not long after the market close the stock was trading between $12.05-$12.10. The question is what this analyst stated (mostly about equity issue) is it in the stock already? Let's see if this can snap back near $12 by the close ($11.42 low so far). I doubt it but it would not shock me.
They need to cut costs period while oil is low. At least they did it fairly early unlike the coal sector which exec where two years behind that curve.
I read the call by Henry Tarr I guess it makes some sense with any company which has debt like these companies do. He made a scenario where oil was at $70 which I believe may be a bit low for his 2015/2016 projection on their financials. I am always curious why these guys pile on when stocks are near their lows why this call was not made days after they just reported. I guess we will see how it plays out since this is about oil and not coal and that's what this call sounds like one for the coal sector. Knowing Goldman Sachs they may not be done milking this "if" they are short after watching these stocks climb recently. There are so many others that should be included in this call besides SDRL and PGS.
until Walter can prove otherwise I guess. It has to start with the shutdowns and cost-cutting until any demand and pricing shows up. If not they have a real problem what I could not understand why it took this team of rocket scientists to figure out they had to cut costs in 2013.