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Rupert Hargreaves  

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  • Uncertainty Prevails In The Offshore Drilling Industry [View article]
    Seadrill partners has lots of new, high-spec untis with long contracts, they should survive better than most. http://seekingalpha.co...
    Apr 21, 2015. 01:02 PM | Likes Like |Link to Comment
  • Uncertainty Prevails In The Offshore Drilling Industry [View article]
    Yes! Exactly what the industry needs but it will take time for the company's repositioning to play out. That's the uncertain part. In my view there need to be a lot more scrapings before any sort of normalization is seen.
    Apr 21, 2015. 01:00 PM | Likes Like |Link to Comment
  • Finding Value With The Piotroski F-Score Part 4 [View article]
    We are only four months in right now, so it's all to play for. I think we really need to consider the long-term returns here. The F-Score originally outperformed over the long-term.
    Apr 3, 2015. 07:08 AM | Likes Like |Link to Comment
  • Short-Term Pain Will Be Long-Term Gain For Offshore Drillers [View article]
    Should be corrected now. It's delaying delivery, which is similar to idling.
    Mar 25, 2015. 09:51 AM | Likes Like |Link to Comment
  • Offshore Drillers Are Now At Risk From Contract Cancellations [View article]
    HERO hired advisors to restructure its debt a week ago -- that's only one step away from bankruptcy http://bit.ly/1x3hTBx
    Mar 19, 2015. 04:42 AM | 1 Like Like |Link to Comment
  • Are Transocean, Seadrill, And Ensco Facing Bankruptcy? [View article]
    It's difficult to say because it's not really a black or white argument. The company does have limited options, the balance sheet is not clean, there's plenty of debt and the company is going to have to be careful.

    That said, Transocean is unlikely to go bankrupt anytime soon, in an emergency they have the $3bn revolver to draw on and some emergency cash but once these are gone, the company will be out of options.
    Mar 18, 2015. 10:12 AM | Likes Like |Link to Comment
  • What Do Contract Cancellations Mean For Diamond Offshore Drilling? [View article]
    They usually put out a press release, or fleet status update. The big issue is that the disclosure was almost hidden.
    Feb 25, 2015. 10:29 AM | 1 Like Like |Link to Comment
  • What Do Contract Cancellations Mean For Diamond Offshore Drilling? [View article]
    LR,

    I agree but I think (with the exception of Petrobras) these cancellations can be easily explained. Why would you want an old rust bucket of a rig when you can get another, newer, higher-spec unit for a similar cost -- day rates are collapsing across the market -- I think in all cases this is a businesses decision. Diamond should take the hit, scrap the rigs and move on. It's not the end of the world.
    Feb 25, 2015. 05:06 AM | 1 Like Like |Link to Comment
  • Philip Morris International: 3 Trends To Watch Going Forward Revisited [View article]
    Personally, I would stay away, if you want a great international tobacco pick, look to British American (NYSEMKT:BTI). There're marginally cheaper, have a lower level of debt and have access to the US market via RAI
    Feb 25, 2015. 02:56 AM | Likes Like |Link to Comment
  • National-Oilwell Varco - Time To Cut And Run? [View article]
    Larry, have you ever read 'The Little Book Of Behavioral Investing'? It's a great read and along the same lines of the books you mentioned. Humans tend to act on impulse, it's something we've evolved to do and by our very nature, we're crap at investing -- we make silly mistakes and jump to conclusions.

    The market changes, almost every single day and while it pays to ignore most of the daily movements, you should always be on the look out for any factors that will affect your original investment thesis and act accordingly; although you shouldn't act too fast, you need a game plan.
    Feb 11, 2015. 04:03 PM | 2 Likes Like |Link to Comment
  • National-Oilwell Varco - Time To Cut And Run? [View article]
    Exactly! NOV has a huge ammount of goodwill. Writedowns are unlikely but it's not possible to say for sure.
    Feb 11, 2015. 03:59 PM | 2 Likes Like |Link to Comment
  • Finding Value With The Piotroski F-Score Part 2 [View article]
    One of the reasons I put together this article, was really to try and prove a point. The data was gathered from a site that offers screening tools (for a fee) that any private investors. For the data, there's no human interaction, it's all worked out by algorithms. I've always believed that computers are, and will always be, terrible at stock picking, and a human with experience is needed to pick out the ‘duds’ as it were from the results given by the computer….there’s also a need to double-check the computer data.

    So the article was essentially an experiment, not a very scientific one granted, but an experiment nonetheless.

    Personally, I would exclude and commidty stocks, or indeed any company that lacks significant pricing power.
    Feb 7, 2015. 04:31 AM | Likes Like |Link to Comment
  • Report Says IBM Set To Cut 26% Of Workforce [View article]
    I think you're just tying to pick a fight here. I'm well aware of the fact that IBM may not respond and the fact that Cringely's ideas may just be the ramblings of a mad-man. But thanks for you're insight and remarkably ill-thought out comments.

    That being said, most people realize IBM is having trouble, the idea of restructuring is not new to the company, they've done it before and they could do it again. The impact on employee moral here will be huge. If the company dose not say anything, it could be worse than actually going through with the layoffs. The news is all over the place now, it's unlikely most employees won't have seen it. It's more than likely that they will respond. If not, analysts will be calling the company wanting answers. We will know the truth soon enough then it will be time to comment. Until then we can only go on what's being reported.
    Jan 26, 2015. 07:57 AM | 3 Likes Like |Link to Comment
  • Report Says IBM Set To Cut 26% Of Workforce [View article]
    You make a valid point. There's no reason -- just yet -- to say that this is indeed going to happen. This news has been out for a few days though, IBM would have said ASAP if it was a lie. No company can afford to have its employees coming to work thinking about drastic lay-offs, even if the rumour is not true.
    Jan 26, 2015. 07:06 AM | 1 Like Like |Link to Comment
  • 2015 Is Set To Be A Blowout Year For Altria Inc., Lorillard Inc. And Reynolds Inc. [View article]
    If PM did report in Euro's that would certainly help the company.
    Jan 22, 2015. 02:54 AM | Likes Like |Link to Comment
COMMENTS STATS
174 Comments
174 Likes