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Genco Shipping & Trading Ltd. Message Board

winomaster 9 posts  |  Last Activity: Feb 25, 2015 7:30 PM Member since: Aug 11, 2006
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  • It would seem Putin is something of a nationalist. I would imagine the man would muster some applause in the US with his approach to speaking. See below:

    On August 04, 2013, Vladimir Putin, the Russian president, addressed the Duma,
    (Russian Parliament), and gave a speech about the tensions with minorities in Russia:
    who refuse,to live like Russians:

    Any minority, from anywhere, if it wants to live in Russia, to work and eat in Russia,
    It should speak Russian, and should respect the Russian laws.
    If they prefer Sharia Law, and live the life of Muslim's then we advise them to go to those places where that's the state law.Russia does not need Muslim minorities.

    Minorities need Russia, and we will not grant them special privileges, or try to change our laws to fit their desires, No matter how loud they yell 'discrimination'. We will not tolerate disrespect of our Russian culture.
    We better learn from the suicides of America, England, Holland and France, if we are to survive as a nation.
    The Muslims are taking over those countries and they will not take over Russia. The Russian customs and traditions are not compatible with the lack of culture or the primitive ways of Sharia Law and Muslims.

    When this honorable legislative body thinks of creating new laws, It should have in mind the Russian national interest first, Observing that the Muslims Minorities Are Not Russians.

    The politicians in the Duma gave Putin a five minute standing ovation.

  • Reply to

    Johan Sverdrup Project

    by malboeuf1 Feb 24, 2015 2:58 PM
    winomaster winomaster Feb 25, 2015 7:11 PM Flag

    "But what other western E&P firm is going to "cross" the sanction boycott line to make the NADL rigs operational and productive for Putin & Rosneft."

    I agree. But Rosneft had the opportunity to allow the deal to die and they did not do so. So, at the time they preserved the deal, they believed some accomodation was going to be made in Ukraine and the deal could then go through. Not much time has gone by since that action. So I am assuming that Putin believes, somehow, the deal will go through.

  • Reply to

    Johan Sverdrup Project

    by malboeuf1 Feb 24, 2015 2:58 PM
    winomaster winomaster Feb 25, 2015 4:33 PM Flag

    No doubt. But the question remains, is Rosneft motivated to preserve the deal that was made months ago. That deal, I believe is one with maximum benefits for NADL. Some here think the Rosneft deal can be tossed with no consequences for NADL. But that scenario seems priced into the stock and its not a pretty picture. Sure, there is lots of impatience to move on from Rosneft and maybe the price of NADL will recover largely.

  • Reply to


    by glb1943 Feb 25, 2015 9:07 AM
    winomaster winomaster Feb 25, 2015 4:03 PM Flag

    "I guess I just don't know Putin as well as I should."

    The problem is that Putin is not behaving as a leader concerned with the economic damage to his economy. He is behaving as if he wants to manuver for a better military position. I think most of us here have assumed he was willing to act rationally with regard to his economy.

  • Reply to

    Johan Sverdrup Project

    by malboeuf1 Feb 24, 2015 2:58 PM
    winomaster winomaster Feb 25, 2015 3:49 PM Flag

    One reason to believe that the deal is not dead is that Rosneft wants those rigs. What's the delivery time on a new order if the currently ordered ordered rigs go to someone else?

  • Reply to

    Offshore drilling News

    by hjeffer846x Feb 5, 2015 5:09 PM
    winomaster winomaster Feb 23, 2015 3:59 AM Flag

    A useful understanding regarding Russia is that they can not survive with the present status quo. They need to possess Europe to gain the technology and the economic instincts of that region. Russia had attempted to absorb the region by first getting them hooked on low cost energy. But Putin's adventure in Ukraine brought down the earlier "Iron fist in a velvet glove" strategy. So Putin is falling back on their traditional "iron fist" strategy. So, can we expect for Russia to meekly retreat and promise to be good from now on? I'm thinking that is overly optimistic.
    One possibility is that Russia is financing the new ISIS terror organization as a way to occupy the US as they make their move on Europe. We should assume that behind all those challenging the US today, there is the participation of those who would benefit if the US was to be distracted and bankrupted by endless gorilla conflict . I would assume that ISIS has to be funded by one or more of Russia, China and radical Islam.
    It may be that the negoiations now going on are regarding whether there will be a fight over the issue of whether Europe falls into the orbit of Russia. It could be that Putin prefers to negoiate for the surrender of Europe and just avoid an unnecessary fight. The Romans were known to do a bit of this. Except they did this when Rome was strong and the border states were weak. Today, the Russians are exaggerating their strength and assuming the US and its allies are feeling weak. We can only hope that our current president did not get his campaign funds from Putin .. that Putins strategy of the "Judas Goat" is not being employed again. In Ukraine, Putin poured cash into the campaign coffers of the a Ukraine candidate for president. This Judas Goat president was supposed to lead the country back into the Russian fold. But the people took to the streets. If Obama is bought and paid for...he may be preparing to open the way for Putin by indicating US support

  • Reply to

    If .... the Rosneff deal is off

    by hollydog44 Feb 1, 2015 10:26 AM
    winomaster winomaster Feb 4, 2015 3:21 PM Flag

    The Winomaster name is one with a long and proud tradition in the European wine country. But there are a few b*stard son offshhoots of our family name .If I recall correctly, "Jack" in Italian is a reference to pigs. An unfortunat one that is.

    Come on, I'm kidding, Im kiding..

  • Reply to

    If .... the Rosneff deal is off

    by hollydog44 Feb 1, 2015 10:26 AM
    winomaster winomaster Feb 3, 2015 2:49 PM Flag

    No, the Russians are renegoiating the share price that they are buying into NADL at

  • Reply to

    If .... the Rosneff deal is off

    by hollydog44 Feb 1, 2015 10:26 AM
    winomaster winomaster Feb 3, 2015 2:16 AM Flag

    If I recall correctly, the Russians are re-negoiating their deal and the shares of NADL that they are to buy will be priced lower than originally declared. But, I'm thinking by the time this deal is consumated, NADL's share price will be off the floor. Just the anticipation of the deal going thru is going to revive the price of NADL. So the renegoiation of the transaction price may be less of a factor, unless NADL has already set the price that this delayed deal can move forward at. Am I seeing this right.

    Incidently, are we all seeing the NADL price as having hit its lows? Anyone think the Saudi's have anymore capacity for suffering on the price of oil?

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