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  • Offshore Drilling Update  [View article]
    Interesting article and really helpful in looking at offshore drilling from a different direction. We'll need to wait a quarter or two to see if significant cost reductions are possible.

    I own a lot of $SDRL and would need one of their rigs to go offshore and drill for my breakeven price :p. So I feel the pain on these names. Disclosing that bias I think that SDRL's young fleet will be best positioned to take advantage when prices to rebalance and if/when offshore picks back up.

    I don't know if they'll make it without bankruptcy which of course is the only thing that scares me. Going into BK just to dump debt knowing they could come out the otherside more or less unscathed.
    Nov 12, 2015. 04:39 PM | 3 Likes Like |Link to Comment
  • Alpha Natural wants elimination of non-union retiree benefits  [View news story]
    I don't believe the courts necessarily side with companies because they want to... I think it's more due to the way bankruptcy laws protect companies more than the people who work for those companies.

    Either way hopefully this company decides ultimately its better off completely closing up shop less they become a trap a second time for future investors.

    Coal while still used as a huge % of energy consumption and in steel, I think is ultimately going to stay where it is now. This will be the paradigm going forward the lofty prices of years past aren't likely to ever return.
    Nov 12, 2015. 01:28 PM | 1 Like Like |Link to Comment
  • Chicago Bridge & Iron: The Hidden Asset That Will Drive Future Profits  [View article]
    I think CBI is a good long term play but certainly not because of what the author asserts.

    EOR is a mythical luxury that oil prices don't currently support. Unless the Gov mandates all CO2 be captured and pumped into underground caverns it just isn't economically viable with current technology and pricing.

    With that being said CO2 is still produced and something would have to be done with it. Will anxiously await to see how the Texas plant turns out.
    Nov 12, 2015. 01:03 PM | Likes Like |Link to Comment
  • Oil breaks out to the downside  [View news story]
    Some of what we spend on oil goes to peoples salaries. Those people will have no work and no income will spend less and possibly become economic burdens.
    The only hope is that those saving money by spending less on oil/gas spend more than the peoples families who are now without sustainable income.

    I'm not advocating $100 a barrel I'm just saying balance is truly the best outcome to low is just as bad as to high.
    Nov 12, 2015. 12:47 PM | 2 Likes Like |Link to Comment
  • Cheap oil forces Saudi Arabia to hit the sell button on investments  [View news story]
    Sir Ebitda,
    You don't need to spam your message like that, everytime you post anyone who has the update box will be notified no matter where or who you reply too
    Nov 11, 2015. 04:02 PM | 2 Likes Like |Link to Comment
  • IEA: Oil to recover to $80/bbl only by 2020  [View news story]
    Yeah my investments in SDRL are sinking my investment ship. If Oil doesn't perk up by EOY 2016 I'm ditching it for whatever pennies its worth and moving on with my life. That'll close my last commodities driven investment. Coal was a bust, now oil story of my life!
    Nov 11, 2015. 10:39 AM | Likes Like |Link to Comment
  • IEA: Oil to recover to $80/bbl only by 2020  [View news story]
    With all that could happen in the mid-east right on saudia arabia's border I would be afraid to predict oil prices next month let alone 5 years from now.
    Nov 10, 2015. 08:53 AM | 10 Likes Like |Link to Comment
  • IEA: Oil to recover to $80/bbl only by 2020  [View news story]
    You mean the logic that it'll take 4 more years for oil prices to recover while at the same time they are saying huge investment cutbacks are already in affect and more are coming?
    Nov 10, 2015. 08:49 AM | 8 Likes Like |Link to Comment
  • Plug nosedives after missing estimates  [View news story]
    it's all relative. while .23 doesn't seem large in the stock market as a whole for a stock that hasn't broke $4 in a while it is significant.
    Nov 9, 2015. 08:41 AM | 1 Like Like |Link to Comment
  • Seeking The Next Magic Formula With The Low P/B-High Dividend Yield Screen  [View article]
    And BTU (peabody) is in a dying industry altogether (coal)
    Nov 8, 2015. 03:53 PM | Likes Like |Link to Comment
  • Berkshire Hathaway beats by $110.10  [View news story]
    Pretty sure they only ever report in terms of A shares. It frustrates me but I don't really care since it's one position I'm up on
    Nov 6, 2015. 04:41 PM | 3 Likes Like |Link to Comment
  • Transocean -8.5% after "low quality beat," will continue reducing fleet  [View news story]
    "The CEO said RIG would be interested in making a bid for an entire company, but only if the value was good and the deal gave RIG a chance to upgrade its fleet."

    Wonder what kind of consolidation might happen in this sector.
    Nov 5, 2015. 04:08 PM | Likes Like |Link to Comment
  • Offshore Driller Fleet Report  [View instapost]
    I didn't see anything that needed to be changed necessarily I just wanted to post it as I came across it and thought it would be additionally helpful.

    Wonderful spreadsheet must have been loads of work though!


    Painfully long SDRL and I suppose its subsidiaries and holdings. I doubt it'll survive as I suck at this investing thing and that's my luck.
    Nov 5, 2015. 12:52 PM | Likes Like |Link to Comment
  • Offshore Driller Fleet Report  [View instapost]

    Oil Rig status description definitions.
    Nov 5, 2015. 10:44 AM | Likes Like |Link to Comment
  • Statoil cuts loose another North Sea drilling rig  [View news story]
    So most Russian Oil companies are making money today? Surprising given the sanctions. Wonder how much of that $$ is coming directly from the Rus gov.
    Nov 3, 2015. 09:43 AM | 1 Like Like |Link to Comment