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imkul2003

imkul2003
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  • Protected Principal Retirement Strategy - Why We Have Added More North Atlantic Drilling [View article]
    As I said, 6 rigs owned and operating plus one under management is 7 total, not 8! Actually, I think a couple aren't even operating now. 2 newbuilds down the road.

    Hope it helps!
    May 1 01:06 AM | 0 Likes Like |Link to Comment
  • Protected Principal Retirement Strategy - Why We Have Added More North Atlantic Drilling [View article]
    They only have 7 rigs under management, not 8 (w/ 2 under construction), and one of those 7 is under control of SDRL and managed by NADL.
    Apr 25 11:03 PM | 0 Likes Like |Link to Comment
  • Protected Principal Retirement Strategy - Why We Have Added More North Atlantic Drilling [View article]
    Muriel Siebert also charges $50. Sharebuilder won't even buy it.
    Apr 25 11:00 PM | 0 Likes Like |Link to Comment
  • Protected Principal Retirement Strategy - Why We Have Added More North Atlantic Drilling [View article]
    Agree, this is a major concern. W/out new rigs down the road, nadl quickly becomes a very mediocre investment w/ a lot of risk.
    Apr 25 10:59 PM | 0 Likes Like |Link to Comment
  • Digging Into Seadrill's Dividend [View article]
    Didn't I just recently read an article somewhere that rigs in GOM are up YOY and growing? Methinks you don't know what you are talking about.
    Apr 15 08:01 AM | 0 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    The highest dayrate I could find for ESV was around 550. SDRL has 13 contracted out for higher than that. Or only eight UDW rigs contracted for less than ESV's highest! This has nothing to do w/ jack-ups, for which SDRL also has materially higher rates, by the way. The differences in the dayrates are astonishing. There must be some explanation for it. I suppose it partly explains why SDRL's backlog of 21B dwarfs ESV's 11B, despite having more vessels.
    Mar 27 01:10 AM | 0 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    Wow, I just looked at the ESV dayrates. Pretty awful esp. compared to SDRL. Do they just have such an old fleet or can't negotiate good deals, or what?
    Mar 26 12:50 AM | 0 Likes Like |Link to Comment
  • Ultra Petroleum Is Undervalued, But Is It Time To Buy? [View article]
    Nice article. I like the details about Green River and Appalachian basins! Well done.
    Mar 15 01:16 AM | 0 Likes Like |Link to Comment
  • Time To Set Sail With Ship Finance International [View article]
    How do we buy Frontline 2012?
    Feb 5 10:25 AM | 0 Likes Like |Link to Comment
  • Undervalued Oil And Gas Drillers With Dividends And Growth [View article]
    There is no contraction. Presumably, the assets were divested at a reasonable price (some measure of cash and ownership retained).
    Dec 13 08:14 PM | 0 Likes Like |Link to Comment
  • North Atlantic Drilling: Cheapest Offshore Driller With A Huge 9% Yield [View article]
    SDRL negotiated that very lucrative contract w/ Husky while the option for NADL on West Mira was still open. They must have been in negotiations for some time. SDRL waited almost literally a few days after the option expired to announce the new contract and award the rig to SDLP. Management obviously had a change in plans regarding to whom they wanted to give the rig. Simple as that. No misunderstanding. Since it was a harsh environment rig in the north atlantic, HE being NADL's supposed raison d'etre and the north atlantic its stated bailiwick, the slight was all the more obvious. Leaving aside entirely the fact that NADL has another identical newbuild, West Rigel, uncontracted as yet. One can only hope the growth SDRL had built into NADL prior to the existence of SDLP (2 newbuilds) is not the end of the road for NADL shareholders.
    Dec 7 06:40 AM | 2 Likes Like |Link to Comment
  • North Atlantic Drilling: Cheapest Offshore Driller With A Huge 9% Yield [View article]
    The fleet is currently 6 w/ one semi under management (West Hercules-currently in transit). It will be 8, not 10, when the newbuilds come to town. Haven't finished the article yet, but seems pretty good so far. Interesting. I didn't know they were offering shares. Obviously nothing was mentioned about it in the recent cc.
    Dec 6 09:25 AM | 0 Likes Like |Link to Comment
  • Protected Principal Retirement Strategy: Ship Finance International [View article]
    The offering was priced at $14.88.
    Oct 5 12:50 AM | 0 Likes Like |Link to Comment
  • John Fredriksen's 10% Dividend Machine: No, Not Seadrill Or Frontline [View article]
    Actually, not so much. The dividend has only been cut once since 2006! The business model for SFL is very different from that of Frontline, with which you may be confusing it.
    Oct 2 08:32 PM | 1 Like Like |Link to Comment
  • John Fredriksen's 10% Dividend Machine: No, Not Seadrill Or Frontline [View article]
    Considering that Frontline has been bleeding money for the past 4 months, do you really think the dividend will remain intact at .39/qtr? I'd be surprised.
    Oct 1 11:54 PM | 0 Likes Like |Link to Comment
COMMENTS STATS
31 Comments
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