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Russell Katz

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  • Why I Bought Linn Energy 3 Months Ago And Still Like It [View article]
    Personally, I have held the stock (LINE) since around 2011 and have also taken a hit. However, like you, I am confident about Linn Energy's future. I bought some more shares of Linn Energy during its current fall. Long LINE!
    May 21 06:25 PM | 1 Like Like |Link to Comment
  • Ocean Rig Trades 50% Below Book Value [View article]
    Thanks for the clear explanation!
    May 17 11:18 AM | 0 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    I used to own Seadrill but recently sold my position.
    Mar 20 10:03 AM | 0 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    Even with the $400 million extra in dividends, when you subtract that then you leave $1.525 billion in dividends paid with "Net cash provided by operating activities" at $1.590 billion in 2012, which leaves $65,000 left over. To repay their debt they had to take out another $3.477 billion which they used $2.752 billion to pay down their debt. With these facts they cannot continue to support their dividend. I am not trying to mislead; I do not own Seadrill and I am not shorting the stock and I also have no plans to buy it in the immediate future.

    http://bit.ly/11cvFO1
    Mar 20 08:36 AM | 0 Likes Like |Link to Comment
  • Ocean Rig Trades 50% Below Book Value [View article]
    I have a question for the author. I am currently looking at the Q1 2012 through Q4 2012 reports and I am seeing a trend. The trend I am seeing is a significantly higher "Interest and finance costs, net of interest income" and "Drilling rig operating expenses" than last year. Would you please explain this to me? Is this because of downtime and repairs for the "Drilling rig operating expenses?" For the "Interest and finance costs, net of interest income" is it because of their debt?

    Thanks,

    Russell Katz
    Mar 19 10:59 PM | 0 Likes Like |Link to Comment
  • Ocean Rig Trades 50% Below Book Value [View article]
    Very well researched article! You have peaked my interest; I will definitely be doing more research into this stock.
    Mar 19 10:28 PM | 0 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    Source for above comment was:

    http://bit.ly/11cvFO1
    Mar 19 08:38 PM | 0 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    I strongly believe that if you want an excellent MLP with a nice dividend than Linn Energy (LINE) is a much better choice. I wrote a focus article on Seadrill right before their 4th quarter 2012 report came out.

    http://seekingalpha.co...

    I believe my article goes into more depth regarding why not to buy Seadrill.

    "Net cash provided by operating activities" was $1.590 billion in 2012. While Seadrill paid a total of $1.925 billion in dividends. Therefore, I believe that the dividend is under threat of reduction.
    Mar 19 08:15 PM | 1 Like Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    I agree with your analysis of Seadrill. With the sale of most of their tender tig fleet to SapuraKencana for $2.9 billion they lose most of the only source of operating income that had been consistently increasing from Q1 2012 through Q4 2012.
    Mar 19 07:25 PM | 0 Likes Like |Link to Comment
  • Seadrill Limited Is Not Worth The Risk [View article]
    No I am not, I was just pointing out that I added about the back log.
    Feb 26 08:19 AM | 0 Likes Like |Link to Comment
  • Seadrill Limited Is Not Worth The Risk [View article]
    "Q3 2012 Back log:

    $21.3 billion contract backlog

    Tender rigs = $2.3 billion

    Jack-ups = $3.3 billion

    Floaters = $15.7 billion"
    Feb 25 01:31 PM | 1 Like Like |Link to Comment
  • Seadrill Limited Is Not Worth The Risk [View article]
    All I was trying to point out was that SDRL has a higher P/E than other leading energy companies.
    Feb 24 08:08 PM | 0 Likes Like |Link to Comment
  • Seadrill Limited Is Not Worth The Risk [View article]
    While BP does not solely conduct deepwater drilling they are a peer in the regard that part of their business is deepwater drilling.

    http://bit.ly/YvbPcT
    Feb 24 07:43 PM | 0 Likes Like |Link to Comment
  • Seadrill Limited Is Not Worth The Risk [View article]
    I apologize for the confusion when I said that I was short I meant that I was holding the stock short term.
    Feb 24 07:24 PM | 0 Likes Like |Link to Comment
  • Seadrill Limited: Profitability Analysis [View article]
    Interesting article well researched!
    Jan 16 09:53 PM | 0 Likes Like |Link to Comment
COMMENTS STATS
58 Comments
36 Likes