Seeking Alpha

Rupert Hargreaves

 
View as an RSS Feed
View Rupert Hargreaves' Articles BY TICKER:
  • Philip Morris - The Beginning Of A New Chapter
    Today, 4:18 AM PM 2 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
    Today, 3:45 AM RIG 10 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
    Thu, Nov. 20 BBG, CYS, DCO 7 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
    Wed, Nov. 19 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
    Wed, Nov. 19 MO 87 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
    Wed, Nov. 19 RIG 15 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
    Tue, Nov. 11 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
    Tue, Nov. 11 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?
    Tue, Nov. 11 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
    Sat, Nov. 8 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.
  • 5 Reasons Why It Could Be Time To Buy Seadrill, Transocean And Diamond Offshore Drilling
    Wed, Nov. 5 DO, ESV, NE 12 Comments

    Summary

    • It could be time to buy the offshore drillers.
    • Third quarter results released so far have been ahead of expectations.
    • Here are five reasons why the sector looks attractive at present levels.
  • Why Atwood Oceanics Is A Better Pick Than Seadrill
    Wed, Nov. 5 ATW 4 Comments

    Summary

    • Atwood and Seadrill are two quality companies but Atwood is the better pick.
    • Both companies have a best-in-class fleet and backlog.
    • But Atwood has a more conservative balance sheet and dividend policy.
  • Investors Should Embrace Long Overdue Drilling Sector Writedowns
    Tue, Nov. 4 ATW, DO, ESV 2 Comments

    Summary

    • Drillers are starting to writedown the value of their fleets.
    • These adjustments are long overdue and should correct the market supply/demand imbalance.
    • Writedowns will clear up much uncertainty regarding balance sheets.
  • Key Takeaways From Ensco's And Noble's Third Quarter Earnings
    Tue, Nov. 4 ESV, NE 8 Comments

    Summary

    • Ensco Plc and Noble Corp Plc beat expectations.
    • The two companies put forward some interesting views on the market.
    • Noble looking to unlock value while Ensco is changing its fleet dynamic.
  • Key Takeaways From Cliffs Natural Resources' Third Quarter Results
    Tue, Oct. 28 CLF 9 Comments

    Summary

    • Cliffs' Third quarter results were not as bad as many expected.
    • The company has brought itself some time, renegotiating credit facilities.
    • Costs are falling and the group has given itself some room to make changes and progress with asset disposals. .
  • Diamond Offshore Drilling - Results Are A Great Indicator Of Sector Health
    Tue, Oct. 28 DO 1 Comment

    Summary

    • Diamond Offshore Drilling Inc was the first offshore driller to report results.
    • Diamond's results are indicative of wider sector trends.
    • The sector continues to perform well despite recent share price performance.
  • What You Need To Know Ahead Of Cliffs Natural Resources' Results
    Mon, Oct. 27 CLF 5 Comments

    Summary

    • Cliffs is struggling with an unfavourable commodity pricing environment and the company should update cost cutting measures.
    • The company's asset sales are still to materialize.
    • There's concern about Cliffs' debt facilities and the company's potential default.
  • What Happened To Schlumberger's $168 Price Target?
    Wed, Oct. 22 SLB 5 Comments

    Summary

    • Earlier this year Morgan Stanley gave Schlumberger a $168 price target.
    • Since then the company's shares have fallen by nearly 20%.
    • This target is still relevant and the company's shares could still hit $168.
  • Offshore Drillers, The Analysts Have It All Wrong
    Wed, Oct. 22 ATW, DO, ESV 19 Comments

    Summary

    • Offshore drillers are falling and negative analyst commentary is fuelling declines.
    • However, some of this commentary cannot be trusted and is contradictory.
    • It's better not to listen to analysts, they are clouding the picture.
  • Now Is Not The Time To Sell Seadrill And Transocean
    Tue, Oct. 21 SDRL, RIG 110 Comments

    Summary

    • Offshore drillers continue to decline but the sector's biggest investors are not worried.
    • Underlying business continue to perform well despite share price weakness.
    • Investors with a long-term outlook shouldn't worry.
  • Offshore Drillers Are Still Not Cheap By Historic Standards
    Tue, Oct. 14 DO, ESV, NE 6 Comments

    Summary

    • Offshore drillers look cheap on a price to book basis.
    • However, due to rising levels of debt enterprise values have risen.
    • Drillers now look as if they can drop further based on EV multiples.
  • Offshore Drillers Are Now Struggling To Find Customers
    Mon, Oct. 13 DO, ESV, NE 10 Comments

    Summary

    • Drillers are now struggling to find customers.
    • New drillships are leaving the shipyard without contracts.
    • The market is going to get worse before it gets better.
  • Why Diamond Offshore Drilling's And Transocean LTD's Dividends Are Safe - For Now
    Tue, Oct. 7 RIG, DO, RIGP 1 Comment

    Summary

    • Analysts have called into question the sustainability of Diamond's and Transocean's dividends.
    • There is concern about the rising cost of credit protection.
    • An in-depth look at the companies reveals that payouts are safe for the time being.
  • Time Is Running Out For Cliffs Natural Resources
    Tue, Oct. 7 CLF 41 Comments

    Summary

    • Casablanca's intervention seemed to be a watershed moment for Cliffs.
    • The company has been hurt by the falling price of iron ore.
    • Management is wasting cash on buybacks and not acting fast enough.
  • Transocean Reveals Some Offshore Drilling Interesting Industry Trends
    Mon, Oct. 6 RIG 25 Comments

    Summary

    • Transocean's recent fleet status update contained some interesting figures.
    • It seems as if the market for jackup units remains strong.
    • The ultra-deep-water market is getting weaker.
  • No Relief In Sight For Embattled Offshore Drillers
    Mon, Oct. 6 ATW, DO, ESV 16 Comments

    Summary

    • Offshore drillers could fall further.
    • The drillers with a high exposure to the jackup market will suffer.
    • The jackup market is over-supplied and will become increasingly competitive over the next few years.
  • Latest Rig Market Developments Bad News For North Sea Drillers
    Tue, Sep. 30 NADL 43 Comments

    Summary

    • The North Sea market is plagued with over capacity.
    • Sanctions against Russia are not helping the problem.
    • Older rigs in the region are now being rejected.
  • Philip Morris International Inc: 3 Trends To Watch Going Forward
    Mon, Sep. 29 PM 34 Comments

    Summary

    • Philip Morris has been floundering but there are three key trends to watch going forward.
    • The company's level of debt is of a concern and shareholder returns will fall.
    • Reduced risk products and market share within key markets should also be watched.
  • Offshore Drillers With Exposure To The Gulf Of Mexico Are Suffering
    Mon, Sep. 22 DO, ESV, NE 1 Comment

    Summary

    • Day rates within the Gulf of Mexico are sliding fast.
    • Demand for older units is evaporating.
    • Cold-stacking is likely to increase going forward.
  • Making The Case For A Seadrill Ltd. Management Buyout
    Mon, Sep. 22 SDRL 36 Comments

    Summary

    • Seadrill's recent declines have made the company look cheap and undervalued.
    • Billionaire owner, Mr. John Fredriksen, could decide to consolidate his empire.
    • Conditions are perfect for a management buyout.
  • Investors Should Not Underestimate The Value Of Transocean's And Seadrill's MLPs
    Wed, Sep. 17 RIG, SDRL 6 Comments

    Summary

    • Transocean LTD and Seadrill Ltd have created partnerships to unlock value.
    • Partnerships provide a great source of funds for these drillers.
    • The market is placing a high value on the partnership structure.
  • 3 Charts That Explain Seadrill's Debt Situation
    Wed, Sep. 17 SDRL 24 Comments

    Summary

    • Seadrill's debt pile is always attracting criticism and there are many views on the matter.
    • The company's debt pile is worrying but manageable.
    • The biggest issue the company has is finding contracts for newbuilds.