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imkul2003

imkul2003
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  • Frontline - First Quarter Earnings Preview [View article]
    I don't think the SFL profit share expires.
    May 22, 2015. 01:20 AM | Likes Like |Link to Comment
  • Frontline - A Misunderstood Entity With Enormous Upside [View article]
    What a fantastic article. 2nd only on SA to the referenced Clemens Scholl article on Frontline, which has been a favorite of mine for some time. Thanks to this article I no longer have to wrestle w/ figuring out how much money FRO can make. It's all so intelligently laid out in your spreadsheets. I had worried that SFL charter payments were so onerous that they wouldn't be able to make much money. I suppose if they buy the 4 tankers from the Germans the numbers will look even better going forward (assuming a good tanker market). Thanks.
    Apr 12, 2015. 03:31 AM | Likes Like |Link to Comment
  • One Reason Investors Should Not Buy Seadrill's Stock [View article]
    I can't believe the author even considers buybacks in this environment! Does he even understand anything about the company's situation? If they were doing buybacks now, there couldn't be any more perfect sell signal possible.
    Mar 5, 2015. 07:41 PM | 2 Likes Like |Link to Comment
  • Seadrill Well Positioned To Weather Industry Downturn But Investors Should Still Be Cautious [View article]
    They did not lie. The price of oil declined dramatically and precipitately and their world collapsed. No rational being could have expected such a highly leveraged entity to maintain their exorbitant dividend in the teeth of a market collapse w/ a load of newbuilds on order.
    Mar 5, 2015. 06:40 PM | Likes Like |Link to Comment
  • Seadrill Well Positioned To Weather Industry Downturn But Investors Should Still Be Cautious [View article]
    SDRL has a lot of brand new rigs delivering in the time frame you specify (too many?). They should remain "cutting edge". They certainly do not have to worry about anyone overtaking them in youngness of fleet (w/ exception of a couple much smaller drillers). They do have to worry about solvency.
    Mar 5, 2015. 06:30 PM | Likes Like |Link to Comment
  • North Atlantic Drilling: First Impressions Of The Company's Results [View article]
    Are you kidding me? They'll be lucky if they find any work for that rig! What are you people smoking?
    Mar 5, 2015. 06:10 PM | Likes Like |Link to Comment
  • Update: Seadrill's Partner Rosneft Will Postpone Drilling In The Kara Sea [View article]
    The "contract" has been dead in the water for months now. The investors on Seeking Alpha are, apparently, the only people who have failed to realize that.
    Feb 2, 2015. 05:42 PM | 1 Like Like |Link to Comment
  • Update: Seadrill's Partner Rosneft Will Postpone Drilling In The Kara Sea [View article]
    The "contract" had break rights written into it which both parties have agreed to extend.
    Feb 2, 2015. 05:41 PM | Likes Like |Link to Comment
  • Update: Seadrill's Partner Rosneft Will Postpone Drilling In The Kara Sea [View article]
    Don't you realize they have been trying to find work for those rigs for months now?
    Feb 2, 2015. 05:36 PM | Likes Like |Link to Comment
  • Examining North Atlantic Drilling's Risk Of Bankruptcy [View article]
    Excellent commentary, Ultima70! The author certainly forgot about financing for the uncontracted newbuild W. Rigel delivering in third quarter. I do think it's likely that delivery gets pushed back some. I still can't believe how many commenters and the author still refer to the Rosneft "contracts" in their analyses. To my mind, any rational analysis, as a starting point, has to consider them as null and void. That means NADL will have 4 of 5 floaters idle by 3q (one as early as right now)!

    What is your view on SDRL's bankruptcy likelihood?
    Jan 10, 2015. 04:29 PM | Likes Like |Link to Comment
  • Seadrill And North Atlantic Drilling Discuss The Conditions In The Offshore Drilling Industry [View article]
    It's dead.
    Dec 13, 2014. 04:41 PM | 1 Like Like |Link to Comment
  • Seadrill And North Atlantic Drilling Discuss The Conditions In The Offshore Drilling Industry [View article]
    I'm pretty sure the 9% availability in 2015 number includes the rigs from the dead Rosneft deal.
    Dec 11, 2014. 02:03 AM | Likes Like |Link to Comment
  • North Atlantic Drilling's Results Are Much Stronger Than The Market Reaction To Them Indicates [View article]
    Bad arguments. America gets involved in countries b/c they are "powder kegs" or extremely volatile entities. There is no causal connection between status as a "powder keg" and US involvement. All things considered, all countries or almost all are better off when we help them. Consider Europe. Military welfare to the Europeans has kept them free from domination by Russia these many years since the Cold War and beyond. Our current spearheading of the sanctions against Russia is another case in point.
    Dec 9, 2014. 08:50 AM | 1 Like Like |Link to Comment
  • North Atlantic Drilling's Results Are Much Stronger Than The Market Reaction To Them Indicates [View article]
    Presumably Ukrainians don't think Europe very peaceful--watching their country get gobbled up by the Russian bear. The next country Putin starts nibbling at won't think so either. But as long as it's not your country, I suppose everything is all right.
    Dec 8, 2014. 11:57 AM | Likes Like |Link to Comment
  • North Atlantic Drilling's Results Are Much Stronger Than The Market Reaction To Them Indicates [View article]
    Yeah. No big deal. $650,000 per day less revenue. "A couple months" would be bad enough but in this market it could be considerably longer than that.
    Dec 8, 2014. 11:49 AM | Likes Like |Link to Comment
COMMENTS STATS
102 Comments
45 Likes