(SDRLF.PK)

All Comments on SDRLF.PK

  • commenter
    notsosmart
    Sep 18 12:54 PM
    My Website
    Ship Finance: Record Breaking Transaction Is Impressive in Today's Market [view article]
    more or less,oil has to move.nobody has figured out how to pave over the ocean.the dividends have paid for my FRO stock.the ceo gets no pay-just dividends.would that all corps. be run lke that. Reply
  • commenter
    thefuture007
    Sep 18 10:41 AM
    My Website
    Ship Finance: Record Breaking Transaction Is Impressive in Today's Market [view article]
    Great Technical Advice...But adding in a " Real World ISSUE".All dividend paying stock,Muni's..ETC are also looking at a Possible Democratic Victory.Their Candidate wants to Raise TAXES on those Capital Gains/Dividends.Tradin... of these stocks on Technicals is one thing,Investing for the Longer term another.I see many of the Huge Momentum moves being Exacerbated by the Possibility of that Scenario..Higher TAXES.I Agree the Yield is Great here but when doing due diligence for income pls Factor in Higher tax rates for them and see where that puts your Analysis.
    theres ways to play and add protection to that..the NEW ETF.."SEA" has exposure to this sector,playing it as a Short Hedge and buying some of the stocks..SFL etc.In the basket can offer some Downside protection as would buying "PUTS".
    The EU has so far Excluded Shippers form the current CAP and Trade Requirements coming in Europe,that could change and the USA is working on that issue,would it include the Shippers/ SFL.?
    Also stockpiles in China or Iron ore are ok...so far
    the Aggregate Reports say grains are sufficient,for prices,shipping.
    The Basis for SFL is on Drilling,so far the USA is pondering Several "OFF-Shore" drilling plans..one won't allow with-in 50 miles..2 other plans will,I Believe passage of the most Comprehensive plan will add more " Long-Term" Value to SFL's buisness model,and others.If the plan that doesn't allow Drilling with-in 50 miles passes...then that lowers the amount of area,off USA waters to be Drilled ,thus less Rigs needed Scenario and more competition with..RIG, NOV..ETC.
    Do Bottom line to me is..Wait for analysts meeting,send them the above questions I've Raised vs competitors,see their answers.
    Wait to see what energy plan passes may be a better entry point/higher Yields to offset the higher TAX Scenario's.Happy Trails.     Reply
  • commenter
    LJ24
    Sep 18 09:28 AM
    My Website
    Ship Finance: Record Breaking Transaction Is Impressive in Today's Market [view article]
    Shorted this on 9/4, got my 20% gain, so yes it may be a buy now, but the short was much better timed.

    Analysis from 9/4:

    Swing Trader: Ship Finance International has rough seas ahead, drowning shares

    Ship Finance Int’l has weathered the storm seen for the oil shippers and dry bulk shippers as commodity prices have crashed recently, and we feel that the easy ride is over and investors will begin to take notice of some fundamental and macroeconomic issues surrounding the company. Shares could see as much as a 20% decline in coming months as valuation multiples are contracted for the entire shipping industry.

    Ship Finance International Limited, through its subsidiaries, owns and operates vessels and offshore related assets, and is focused on both oil transportation and dry bulk shipments. The company is a result of a spin-off from Frontline (FRO), which also looks like a weak stock in the environment.

    Although some feel that SFL’s business model is “bullet proof” we think that the continued expansion of fleets may contract margins as empty ships sit around with the slowing demand wave crashing down on the dry bulk and oil shipping sectors.

    The company had negative EPS growth this year of -7.23% and is expecting to see -10.36% declines in EPS next year. It is beginning to look like the growth story is done with this stock, and that a P/B multiple of 2.95 is overvaluing shares. There are also concerns fundamentally, with a long term debt-to-equity ratio of 3.36. Paying a generous dividend yield of 8.5% could be a cause for concerns if the company is unable to pay for its leased vessels as cash flow growth subsides.

    We are looking to short shares on a fall below the $27 support level as selling volume has recently increased and we see declining MACD, RSI, and stochastics. The 200 day EMA is at $26.80 and a break below that level could send shares to our initial target price of $25, which may be followed by a move to $22.50. We will have a stop order at $28.75 which would negate the current downtrend.

    This is a short term trade because the long term picture shows a stock that is paying a very high dividend yield and has a history of distributing excess cash flows. We intend to be out of this trade by the Annual Meeting on 9/19, where management could once again raise the dividend due to recent ship sales.
    Reply
  • commenter
    lee99
    Sep 18 07:36 AM
    Ship Finance: Record Breaking Transaction Is Impressive in Today's Market [view article]
    SFL is one of the John Fredrickson companies. They are truly unique in that earnings are distributed as dividends. The mainstay is Frontline, FRO, not the pet pesticde. There are about a dozen others that deal in transportation, food production, deep sea drilling, etc. I've owned them for years and am much better off for it. I believe that Mr F has a business model that should be emulated globally. He, unlike most CEO's, has a stake in his companies. If they do well, so does he and his shareholders. If they do badly he doesnt get paid. He owns roughly 40% of stock in all of them. Reply
  • commenter
    stkguru
    Jul 28 10:49 AM
    Seadrill: Finding Gold in an Oil Driller [view article]
    Thanks Axebl2


    On Jul 28 10:33 AM axebl2 wrote:

    > Seadrill is a great company, and my #1 holding, but I recommend doing
    > a little better job of fact checking as the credibility of your article
    > is shaky with the following errors:
    >
    > "$3,500,000 Norwegian Krone" is not a valid unit of currency. Pick
    > one, $, or Krone, but not both. $3,500,000 = approx 18,000,000 Norwegian
    > Krone.
    >
    > Seadrill does NOT own a substantial position in Apexindo. They liquidated
    > their entire holding in October of 2007. -> www.seadrill.com/modul...
    >
    >
    > They did own 80% of Seawell, but their interest has been diluted
    > to 73.40% as noted on page 4 of Seadrill's Q1 2008 report -> www.seadrill.com/strea...
    >
    >
    > Finally, you omitted a key holding in Sapuracrest. As of the writing
    > of your article, they owned 19.71% of the company. That many not
    > meet your criteria of "substantial"... but their systematic open
    > market purchases of SapuraCrest stock on over 58 days in the last
    > 6 months suggests that this is far more than a short term financial
    > investment.     Reply
  • commenter
    axebl2
    Jul 28 10:33 AM
    Seadrill: Finding Gold in an Oil Driller [view article]
    Seadrill is a great company, and my #1 holding, but I recommend doing a little better job of fact checking as the credibility of your article is shaky with the following errors:

    "$3,500,000 Norwegian Krone" is not a valid unit of currency. Pick one, $, or Krone, but not both. $3,500,000 = approx 18,000,000 Norwegian Krone.

    Seadrill does NOT own a substantial position in Apexindo. They liquidated their entire holding in October of 2007. -> www.seadrill.com/modul...

    They did own 80% of Seawell, but their interest has been diluted to 73.40% as noted on page 4 of Seadrill's Q1 2008 report -> www.seadrill.com/strea...

    Finally, you omitted a key holding in Sapuracrest. As of the writing of your article, they owned 19.71% of the company. That many not meet your criteria of "substantial"... but their systematic open market purchases of SapuraCrest stock on over 58 days in the last 6 months suggests that this is far more than a short term financial investment.     Reply
  • commenter
    stkguru
    Apr 08 03:07 PM
    General Discussion on SDRLF.PK
    i believe its a buy--handelsbanken has it at a buy Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:18 AM
    My Website
    General Discussion on SDRLF.PK
    Is this a buy or a sell? Reply
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