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Vartu

Vartu
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  • Seadrill to guarantee North Atlantic Drilling bond [View news story]
    I, for one, am glad that JF anticipated the collapse in oil and quickly took action to protect the viability of SDRL. It may have been an unpopular move, but it likely means a healthier SDRL when things settle down. I took some tax losses, but I'll buy some back after that 30 day period passes.
    Jan 22, 2015. 11:52 AM | 6 Likes Like |Link to Comment
  • Seadrill Shareholders Should Be Patient [View article]
    An article in today's WSJ says that Schlumberger has acquire a minority stake in Russia's largest onshore drilling company. Looks like some deals with Russia are OK.
    Jan 21, 2015. 09:33 AM | Likes Like |Link to Comment
  • North Dakota rig count at lowest level since November 2010 [View news story]
    Looks like the Reserve is 95% full -- 36m to top it off.
    Jan 12, 2015. 10:26 PM | Likes Like |Link to Comment
  • Apple's WiFi Firestorm: Not A Threat, But Could Lead To An Acquisition [View article]
    Running the latest versions on my Macs (Yosemite) and iPhone/Pad/Pod (iOS 8.1.2, etc.) and all is working well.
    Jan 12, 2015. 03:08 PM | 10 Likes Like |Link to Comment
  • Seadrill And North Atlantic Drilling Discuss The Conditions In The Offshore Drilling Industry [View article]
    From what I'm hearing, the over-supply is close to 2%. Seems like a few twists and turns in international events could make that disappear.
    Dec 17, 2014. 09:26 PM | Likes Like |Link to Comment
  • Seadrill And North Atlantic Drilling Discuss The Conditions In The Offshore Drilling Industry [View article]
    I got the same amount of dividends per SDRL share as JF did. I'll bet he is also unhappy about the dividend suspension.
    Dec 10, 2014. 08:27 AM | Likes Like |Link to Comment
  • Is This A Good Time To Buy Seadrill? [View article]
    HK, I'm in the same boat you're in. Most of my shares were in the mid to high 30s, and I averaged down little by little as prices were dropping into the low 20s. All told, down 64%. I'm not selling and locking in that loss. Let's see what management does to navigate this new cheaper oil environment. Okay, one thing they did was to conserve cash by suspending the dividend. Using that $2b wisely could mean a faster recovery for shareholders. These guys aren't neophytes at this business, I think we have to give them credit for being willing to make the tough, unpopular decisions if they think the end-game warrants.
    Dec 6, 2014. 11:03 PM | 5 Likes Like |Link to Comment
  • Seadrill: Where Do Analysts Stand On Seadrill After Its Dividend Suspension? [View article]
    Please keep in mind that the dividend only appeared "enormous" after the stock price fell off a cliff. When the stock was in the high 30s and low 40s, it was just high.
    Dec 5, 2014. 09:22 AM | 1 Like Like |Link to Comment
  • Update: Taser International Receives A Present [View article]
    Do Sony, Google, etc. have the infrastructure to support the cameras like TASR does?
    Dec 4, 2014. 03:28 PM | 1 Like Like |Link to Comment
  • Seadrill Ltd.: I Don't Care About Analyst Downgrades, I Will Buy More Seadrill Shares Today [View article]
    I'll bet a lot of frackers wish you were right.
    Dec 4, 2014. 10:48 AM | Likes Like |Link to Comment
  • Update: Taser International Receives A Present [View article]
    An article in today's St.Petersburg newspaper, "Gulfport to review body camera policy," about the use of body-cams by a suburb. Gulfport has used them for 5 years as an alternative to dash-cams. They claim dash-cams are 5x as expensive to use. The police chief says he's not aware of any negative impacts on officers or the people being recorded. He is asking for opinions of local people about their use.
    Dec 4, 2014. 09:02 AM | 1 Like Like |Link to Comment
  • Seadrill's Dividend Cut; The Analysts Weigh In [View article]
    If suspending the dividend is what helps SDRL ride out this sudden collapse in the oil market, I'm all for it. A serious disappointment, sure, but I'd rather be invested in a healthier SDRL in the next few quarters than one struggling for survival.
    Dec 1, 2014. 03:08 PM | 2 Likes Like |Link to Comment
  • Linn Energy: What To Do After Friday's Massacre [View article]
    It's good that you mention "distribution." LINE pays a distribution (LNCO pays dividends) that is a pain in the neck at tax time with its K-1. Keeping track of all that has been distributed to you when you sell is also a challenge.
    Dec 1, 2014. 03:02 PM | 2 Likes Like |Link to Comment
  • Seadrill Ltd. Collapses After Suspending Its Dividend [View article]
    I see a RIG high of about $160, but a lot has happened since then -- a little problem in the Gulf, competitors like SDRL., etc.
    Nov 29, 2014. 09:33 PM | 1 Like Like |Link to Comment
  • Stay Away From Seadrill [View article]
    Don't forget that JF likes to collect those dividends himself. With the surprisingly precipitous drop in oil prices, maybe JF thought the radical decision to alienate stockholders by suspending the dividend was more than balanced by the opportunity to use that money for some else -- like acquisitions. Sure, it can also be used to shore up the balance.

    Expensive oil, like in the Bakken, may stay in the ground longer, and that will bring supply & demand into balance. Isn't oil coming from SDRL rigs cheaper than a lot of oil currently being pumped?
    Nov 28, 2014. 09:01 AM | 7 Likes Like |Link to Comment
COMMENTS STATS
231 Comments
313 Likes