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imkul2003

imkul2003
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  • 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
  • North Atlantic Drilling's Results Are Much Stronger Than The Market Reaction To Them Indicates [View article]
    IMO, the author ignores/understates the impact of sanctions on this tiny niche driller. Leveraged to the hilt, w/ a backlog largely inflated w/ hot air, the prospect of 4 out of 5 floaters idle w/in 8 months time, an uncontracted $650MM newbuild delivery looming in 2H 2015, Vladimir Putin staunchly dug in in Eastern Ukraine... against this backdrop the author blithely states: "Thus, it does appear certain that North Atlantic Drilling's projects with Rosneft will continue forward, resulting in strong forward growth for the company but it remains somewhat uncertain as to when this growth spurt will come."

    I can't imagine what to make of this! I used to follow Powerhedge's articles closely.
    Dec 4, 2014. 12:39 AM | 1 Like Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    NADL has 3 other floaters available/open in 2015! Not just W. Venture.
    Dec 3, 2014. 03:00 AM | Likes Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    I shouldn't have done that.
    Dec 3, 2014. 02:55 AM | Likes Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    Are you serious?! Oh, my gosh! You are hopeless. Head-in-the-sandism par excellence.
    Dec 3, 2014. 02:52 AM | Likes Like |Link to Comment
  • North Atlantic Drilling: Fleet Analysis And Financial Results As Of November Commentary [View article]
    Wow, Alexclark! I don't think that George Orwell ever imagined his anti-communist screed would be employed in the context of a Vladimir Putin (commie) apologetic. This has to rank among the most hopelessly misapplied texts ever.
    Dec 3, 2014. 02:30 AM | Likes Like |Link to Comment
  • North Atlantic Drilling: Fleet Analysis And Financial Results As Of November Commentary [View article]
    I have no idea what you are talking about!
    Dec 3, 2014. 02:21 AM | Likes Like |Link to Comment
  • North Atlantic Drilling: Fleet Analysis And Financial Results As Of November Commentary [View article]
    Fun Trading,

    You are very welcome. I apologize if my response seemed "unfriendly, almost disrespectful." The "first incongruity", as you name it, refers to America. I am from America. We speak English here, a language that is obviously a second language for you. In your comment, you wrote that the hoped-for contract between Rosneft and NADL was a "done deal." In charity, I attributed your misunderstanding of that agreement as a "language barrier." I thought/assumed that you did not understand what we (English language speakers) mean by "done deal." Your later words, I believe, proved that this was a correct interpretation.

    In truth, your stubborn clinging to this Rosneft deal is what exasperates me about your article/comments. I can't accept that any rational person can objectively examine the fact set and conclude that 1)Vladimir Putin will decide to w/draw from Crimea in 5 months or 2)that Europe/America will just say "no big deal, sanctions are off. You can have Ukraine." It seems like willful (and culpable) head-in-the-sandism.

    As far as "zero chance..." that's just rhetoric. I exaggerated (slightly).
    Dec 3, 2014. 02:17 AM | 1 Like Like |Link to Comment
  • Drilling Down On Seadrill: How Directors At Seadrill Are Paid For Cutting The Dividend [View article]
    Great comment. In hindsight, taking out that convert (the very thing the author laments) was a brilliant move at much higher stock prices.
    Dec 3, 2014. 01:45 AM | Likes Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    There is no contract to walk away from. The two parties signed an agreement that they would finalize a contract in 100 days if they both still agreed to do so. NADL decided they couldn't finalize the contract and they extended the period another 6 months hoping that sanctions would be eased in that time. "A substantial break fee" is a fantasy. NADL is not going to pay Rosneft any money when they "break" this "contract."
    Nov 22, 2014. 04:34 PM | 3 Likes Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    See above regarding the so-called "firm contract."
    Nov 22, 2014. 03:59 PM | Likes Like |Link to Comment
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