Seeking Alpha

Akaralph

 
View as an RSS Feed
View Akaralph's Comments BY TICKER:
Latest  |  Highest rated
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    Mad -

    Amen
    Sep 8 05:38 PM | 1 Like Like |Link to Comment
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    fsoriano -

    When SDRL announced the special dividends they stated each was a one time, one quarter payment, so you cannot correctly say the next quarter after these were paid was a dividend cut.

    I will reiterate that once SDRL began to pay a "regular" quarterly dividend they have never cut it.
    Sep 8 05:25 PM | 2 Likes Like |Link to Comment
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    fsoriano -

    I believe that SDRL began paying a regular quarterly dividend in 11/09 ($.47). Since that date, it has NEVER cut the dividend. They paid special dividends in Q4 of 2010 and in Q1 of 2012 - I think you are referring to these as dividend cuts.
    Sep 8 02:35 PM | 2 Likes Like |Link to Comment
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    Mad -

    I would not give the author credit for today's drop in SDRL's price. Cannacord downgraded it and there was a negative article in Barron's.

    If an article on SA by a college kid could move the stock, I would be quite surprised.
    Sep 8 01:27 PM | 6 Likes Like |Link to Comment
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    Bob-

    You also have no idea as to the age of SRDL's rigs - their fleet is probably the newest out there.

    Their debt levels are well known, as is their $20 billion backlog.
    Sep 8 01:05 PM | 14 Likes Like |Link to Comment
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    Bob -

    "Nevertheless, Seadrill has steadily increased its dividend, even while its fundamental performance has deteriorated. Over the past year, management has increased the quarterly dividend from $0.88 per share to $1.00 per share, representing 13.6% growth."

    SDRL has NOT increased its dividend from .88 to $1.00 over the past year. Over the past five quarters SDRL's dividend has been .91, .95, .98, 1.00 and 1.00.

    You did get the math right on annualizing $1.00 and getting $4.00.
    Sep 8 01:00 PM | 13 Likes Like |Link to Comment
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    Read the subsequent comments.
    Sep 8 12:11 PM | 1 Like Like |Link to Comment
  • Why There May Be Cause For Concern Over Seadrill's Dividend [View article]
    Another negative SDRL article - these are always good for PV's, and that is about all.

    By the way, the last four distributions were: .95, .98, 1.00 and 1.00.

    I guess they no longer teach math in college.
    Sep 8 09:47 AM | 19 Likes Like |Link to Comment
  • 8-29-14 MLP Midstream Stats [View instapost]
    Appreciate it, thanks.
    Sep 4 03:10 PM | Likes Like |Link to Comment
  • 8-29-14 MLP Midstream Stats [View instapost]
    Bob, when will you be publishing the Upstream stats?

    Bob
    Sep 4 02:08 PM | Likes Like |Link to Comment
  • Distribution Reduction In The Cards For Calumet Specialty Products? [View article]
    Phil-

    If we experience another bear market of the magnitude of 2008 I would probably double down on many of my midstream positions. Worked back then, and although it was not easy to sleep at night, adding to MLP's like EPD and others of like quality has played out good to date.

    So long as the distributions increase or remain constant and coverage is 1.0x or better I would not be afraid to do so.
    Sep 4 12:51 PM | 1 Like Like |Link to Comment
  • Distribution Reduction In The Cards For Calumet Specialty Products? [View article]
    Philip -

    Of course I am not happy with CLMT's recent coverage ratios. As far as MLP's go I try to stay with 20% Upstream, 60% Midstream and 20% Downstream/Specialty. Am presently a bit over weighted in the Upstream portion.

    I have a bit under five percent in CLMT. And yes, I would lighten up with a distribution cut.
    Sep 4 08:29 AM | 1 Like Like |Link to Comment
  • Distribution Reduction In The Cards For Calumet Specialty Products? [View article]
    I like to think that an article appearing on SA would not move a stock this much. Tim's articles are usually on the mark, but their are folks who get published here that haven't a clue about what they write.

    That said, with what the company has said in their presentation, this article should not have moved the stock price by itself.
    Sep 3 06:20 PM | Likes Like |Link to Comment
  • Distribution Reduction In The Cards For Calumet Specialty Products? [View article]
    With regard to MLP alternatives there is an informative discussion going on on iVillage regarding MLP portfolios. Here is the link:

    http://bit.ly/S7RhbR

    See the MLP % of Diversified Retirement Portfolio thread.

    Upstream MLP's are not a good buy here for many reasons - mainly due to DCF not covering distributions.

    For the highest degree of safety look to the midstream MLP's - those with the best coverage ratios, DCF forecasts and CAGR's. Some examples would include HEP, ETP, OKS, among others.

    Tim's articles are quite good, but not all of this one seems to correlate with what CLMT is saying. Not to say that a distribution cut is out of the question as they have done it before.
    Sep 3 11:21 AM | 3 Likes Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Second Quarter Results Analysis [View article]
    SDLP has had a little problem with DCF coverage, but it is improving.

    Speaking of Frederiksen, also have owned SFL for over a year. He seems to care more about shareholders than most.
    Aug 29 06:30 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
1,709 Comments
2,938 Likes