So right. Tells people that don't believe in Global Warming not to buy their stock. Don't buy Apple products either. The man is delusional.
Hamilton, Bermuda, February 18, 2014 - We refer to Seadrill Limited's
("Seadrill") third quarter earnings report on November 25, 2013, which announced
a Heads of Agreement between Pemex Exploracion y Produccion ("Pemex"), Mexico's
national oil company and Seadrill. Seadrill is pleased to announce that the
final drilling contracts for the jack-up drilling units West Oberon, West
Intrepid, West Defender and West Courageous are now executed.
The fifth contract for the recently acquired jack-up drilling unit, Prospector
3, renamed West Titania, is being processed for approval by Pemex and
finalization is expected to take place second quarter 2014.
Each contract is for a firm term of approximately 6 years and total revenue
potential from the five contracts exceeds US$1.8 billion.
Additionally, Seadrill is pleased to announce the establishment of SeaMex Ltd.
(SeaMex), a 50/50 Joint Venture with an investment fund controlled by Fintech
Advisory Inc. ("Fintech"). Fintech is a private investment manager founded in
1989 that has a strong investment record and operation in Latin American
countries. SeaMex has been formed for the purpose of owning and managing the
jack-up drilling units working for Pemex as well as to develop and pursue
further opportunities in Mexico and other Latin American countries. The gross
proceeds for the sale of 50% of the five rigs to our partner is expected to be
around US$488 million and will result in a gain recordable in the first half of
Per Wullf, Seadrill CEO commented, "This opportunity to expand our relationship
with Pemex was partly developed on the back of Seadrill's successful operations
with our ultra-deepwater semi-submersible West Pegasus in Mexico.
The long term nature of these contracts and the establishment of SeaMex, will
create economies of scale in the region. Seadrill sees recent developments in
Mexico such as new petroleum legislation, Pemex' expansion plans and recent
That usually doesn't happen because of legal reasons. Allegations of insider trading ensues. Many times insiders notify the SEC of their trading plans in advance.
Is management this stupid. First the ad in the Super bowl is going to have very bad results. Spending that money to shoot yourself in the foot. Then the latest little thing with a "soda machine". Really? You think people want to deal with that? I don't
With Zack out there with a positive report today and being Friday, a slow day, shorts are making a raid here. With the stock at a historical low it seems to me the upside is very good bet at this point. Suspect that the Company's earnings will beat estimates. This has been more often the case than not.
Sentiment: Strong Buy
The Electric Supply is tightening in the USA thanks to Obama. That is very very good for JE. Dividend threat? You are from outer space. This is just a refinance. BUY now, Buy Big and prosper.
Dropping from $16 to $111 is huge and while there was a slowdown because of gold prices, there is no indication of a major flaw in the business. BUY that is my opinion. Seem like the stock wants to rise.
Are the doom and gloom shorts on to another stock. Watch for great earnings that surely will be coming. The pawn business is a great business and don't forget it !
Up day after day. Seems that the Wall Street opportunists are fleeing after they drove this Company to low levels with their BS to make money off of investors. Pathetic because the business is a good one. Just ran into problem because gold dropped. Temporary at worst.