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Rupert Hargreaves  

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  • What Do Contract Cancellations Mean For Diamond Offshore Drilling?
    Wed, Feb. 25 DO 8 Comments

    Summary

    • Diamond has been hit by several contract cancellations.
    • These cancellations are damaging but not overly concerning.
    • The rigs involved are old and had limited operational capacity remaining.
  • Philip Morris International: 3 Trends To Watch Going Forward Revisited
    Tue, Feb. 24 PM 7 Comments

    Summary

    • There are three key factors to watch with Philip Morris going forward.
    • These factors could make or break the company.
    • While Philip Morris is struggling in some regions, it's powering ahead in others.
  • National-Oilwell Varco - Time To Cut And Run?
    Wed, Feb. 11 NOV 19 Comments

    Summary

    • National-Oilwell Varco is down around 40% from its all-time post spin-off high.
    • It could get much worse for the company from here on out.
    • Is it time to cut and run before National-Oilwell Varco’s stock falls further.
  • Finding Value With The Piotroski F-Score Part 2
    Fri, Feb. 6 BBG, CYS, DCO 4 Comments

    Summary

    • The Piotroski F-Score was designed to find companies that are cheap and recovering.
    • In part one 20 companies were picked out that met the Piotroski F-Score criteria.
    • Part two takes a look at how they have performed over the past two months.
  • Indivior PLC: An Undervalued Spin-Off With Room For Growth
       • Fri, Jan. 30 INVVY 2 Comments

    Summary

    • Indivior has been spun-off at a depressed valuation.
    • The company is highly cash generative and has several new products under development.
    • Sales are falling but a low valuation, strong cash generation and strong pipeline are all reasons to buy.
  • Report Says IBM Set To Cut 26% Of Workforce
    Mon, Jan. 26 IBM 70 Comments

    Summary

    • According to a report cited by several news outlets, IBM is planning to layoff upto 110,000 employees.
    • This move is part of the company's drive to update its business model.
    • IBM is stuck in the past and a huge change has been needed for some time.
  • Offshore Drillers: Beware The Value Traps
    Wed, Jan. 21 ATW, DO, ESV 5 Comments

    Summary

    • Most offshore drillers are trading below book value.
    • Conditions in the industry could get worse before they get better.
    • Investors looking for bargains need to be careful not to get caught in value traps.
  • 2015 Is Set To Be A Blowout Year For Altria Inc., Lorillard Inc. And Reynolds Inc.
    Tue, Jan. 20 LO, MO, RAI 7 Comments

    Summary

    • Big tobacco outperformed during 2014 and 2015 is set to be no different.
    • During 2014 a law expired that was holding the group back for a decade.
    • Lower operating costs should boost 2015 EPS by around 10% excluding other factors.
  • Falling Oil Prices Hit LNG Producers As Prices Collapse
    Mon, Jan. 19 COP, CVX, RDS.B 8 Comments

    Summary

    • The falling price of oil is dragging down the price of LNG.
    • Many LNG projects are now unprofitable with LNG at present prices.
    • It could be years before the price of LNG recovers.
  • Transocean LTD Scraps More Rigs, Warns Of Further Writedowns
    Dec. 19, 2014 RIG 25 Comments

    Summary

    • Transocean's latest fleet update was full of bad news.
    • The company is failing to find customers for its rigs.
    • The company has started to scrap units and is warning of further writedowns.
  • Transocean LTD; Where's The Margin Of Safety?
    Dec. 17, 2014 RIG 30 Comments

    Summary

    • Transocean looks like a value play at present levels.
    • The company currently trades at a significant discount to book value.
    • Is now the time to jump in or will book value disappear?
  • Ensco Could Be The Best Driller To Play The Recovery
    Dec. 11, 2014 ESV 58 Comments

    Summary

    • Ensco is better positioned than most of its peers to play the drilling market recovery.
    • The company has a good reputation and strong balance sheet.
    • At present levels the driller looks undervalued compared to peers.
  • Don't Count On Transocean LTD's Dividend
    Dec. 11, 2014 RIG 21 Comments

    Summary

    • The outlook for the offshore drilling sector is uncertain.
    • Transocean needs to prioritize debt repayments over the dividend.
    • Transocean is likely to cut its dividend payout.
  • An Update On Cliffs Natural Resources' Restructuring
    Dec. 8, 2014 CLF 10 Comments

    Summary

    • Cliffs restructuring is slowly taking place.
    • The company is selling off loss making assets.
    • The next few quarters will be key.
  • What's Next For Seadrill Ltd?
    Dec. 8, 2014 SDRL 108 Comments

    Summary

    • There's been plenty of coverage on Seadrill since the dividend cut.
    • In reality there are only two factors that investors need to keep an eye on going forward.
    • If the company cannot meet these criteria investors should avoid.
  • Seadrill And Transocean, How Real Is That Book Value?
    Dec. 4, 2014 RIG 37 Comments

    Summary

    • Seadrill and Transocean are attractive value investments.
    • The drillers are trading at a discount to their net asset value.
    • How reliable is the net asset value and will it fall further before recovering?
  • Are Altria's, Reynolds American's And Lorillard's Profits Sustainable?
    Dec. 2, 2014 LO, PM, RAI 2 Comments

    Summary

    • Can tobacco companies continue to profit as the volume of cigarettes sold continues to fall.
    • Evidence suggests that the companies can continue to hike profits in the face of falling volumes.
    • Over the medium term the industry's outlook seems safe.
  • Is Seadrill Partners LLC's Dividend Next?
    Dec. 2, 2014 SDLP 15 Comments

    Summary

    • After Seadrill eliminated its dividend payout investors have been asking if Seadrill Partners is next.
    • Seadrill Partners MLP structure means that the company's payout is unlikely to disappear.
    • The payout could be reduced if Seadrill dumps rigs on the partnership to shore up its weak balance sheet.
  • Seadrill's Dividend Cut; The Analysts Weigh In
    Dec. 1, 2014 SDRL 65 Comments

    Summary

    • Seadrill's dividend cut last week surprised the market.
    • Wall Street analysts have started to weigh in on the cut.
    • Many analysts agree that the cut was a sensible move.
  • Details Emerge On Why Seadrill Cut Its Dividend
    Nov. 27, 2014 SDRL 76 Comments

    Summary

    • Seadrill announced a dividend cut alongside third quarter results.
    • The company suspended the payout to save cash.
    • Debt obligations are mounting and Seadrill's management is worried about company liquidity.
  • Seadrill Ltd. Collapses After Suspending Its Dividend
    Nov. 26, 2014 SDRL 327 Comments

    Summary

    • Seadrill has been forced to suspend its dividend after profits collapsed.
    • The company had previously stated that the payout was safe through 2016.
    • This is a huge development for Seadrill and the offshore drilling industry as a whole.
  • Study Suggests 'Sin Stocks' Will Always Outperform The Market
    Nov. 26, 2014 BF.B, CHD, DEO 7 Comments

    Summary

    • Sin stocks have been shown to outperform the market over the past few decades.
    • The reason for this out performance is what can only be called an anomaly.
    • Other data shows that sin stocks act differently to the wider market in general for many different reasons.
  • Philip Morris - The Beginning Of A New Chapter
    Nov. 25, 2014 PM 9 Comments

    Summary

    • Philip Morris has begun the roll-out of its new reduced risk products.
    • Initial sales have been ahead of expectations.
    • This could be the beginning of a new chapter for the company.
  • Transocean's Latest Fleet Update Is Concerning
    Nov. 25, 2014 RIG 20 Comments

    Summary

    • Transocean's latest update was full of bad news.
    • Things seem to be getting worse for the industry.
    • More bad news could be on the horizon.
  • Finding Value With The Piotroski F-Score
    Nov. 20, 2014 BBG, CYS, DCO 9 Comments

    Summary

    • The Piotroski F-Score was designed to find companies that are cheap and recovering.
    • The F-Score has a track record of success.
    • Here are 20 qualifying companies.
  • Cliffs Natural Resources' Future Just Became Very Uncertain
    Nov. 19, 2014 CLF 19 Comments

    Summary

    • Cliffs has decided to close its Canadian operations.
    • This development has taken Bloom Lake off the table.
    • The development of Bloom Lake had the potential to change the Cliffs' story.
  • Altria Group Inc: Prepare For The Fall
    Nov. 19, 2014 MO 97 Comments

    Summary

    • Altria's shares have been on a record run.
    • The rapid rise in the stock price has something to do with low interest rates.
    • The shares could fall as interest rates rise.
  • Transocean LTD's Troubles Started Before The Current Market Slowdown
    Nov. 19, 2014 RIG 16 Comments

    Summary

    • Transocean has been struggling with its reputation for some time.
    • Transocean's quality of service and customer satisfaction has been in decline for several years.
    • Data shows that a falling quality of service has had an effect on the company's stock price.
  • Rowan Companies' Results Show The Driller Is Best In Class
    Nov. 11, 2014 RDC 1 Comment

    Summary

    • Rowan Companies' results beat expectations.
    • The company is benefiting from investments made over the past few years.
    • Management sees a short-term recovery in the rig market.
  • There Can Only Be One Winner In Big Tobacco's E-Cig War
    Nov. 11, 2014 LO, MO, RAI 11 Comments

    Summary

    • The e-cig war between Altria, Reynolds and Lorillard is heating up.
    • There can only be one winner in this war and Lorillard is already starting to show weakness.
    • The company with the deepest pockets and widest distribution network will win.
  • Will Caledonia Offshore Help Transocean's Stock Price?
    Nov. 11, 2014 RIG 2 Comments

    Summary

    • Transocean announced that it would not pursue a private placement of shares of Caledonia Offshore Drilling.
    • The spinoff would have enabled Transocean to free up cash and remove older rigs from its fleet.
    • Caledonia Offshore Drilling will suffer as its rigs roll off contract within the North Sea.
  • Transocean LTD Delays The Release Of Third Quarter Results; Here's What You Need To Know
    Nov. 8, 2014 RIG 8 Comments

    Summary

    • Transocean LTD has delayed the release of third quarter results.
    • The results have be delayed after the company decided to take hefty write-downs.
    • The write-downs change the state of the company's balance sheet.