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31October

31October
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  • Seadrill: Anxiety And Panic Won't Get You Anywhere, But Reason Will [View article]
    user 18159032, thanks, I am also familiar with his habit of getting links to evidence that contradict his insane claims deleted, which is why I quit correcting him with charts & data. I just want to see HIS charts & data.

    Since my prior post will get deleted, I ask again, M$M, teach us underwater fools:
    1- Illustrate how Seadrill is like Enron. You have made that claim many times.
    2- Tell us where you get your financial knowledge, and tell us what you have accomplished.
    3- Explain why you are attacking others for NOT buying SDRL at this price, if it is going under?
    4- Why did you buy SDRL for your daughter, if it is another Enron?
    5- Do a cash-balance projection, based on starting balance, plus revenue from each contracted rig, less debt due, and explain at what point bankruptcy occurs... Show the similarities to the Enron bankruptcy.
    Nov 19, 2014. 12:15 PM | 3 Likes Like |Link to Comment
  • Seadrill: You'd Have To Be Crazy To Sell This Stock [View article]
    Although shale oil yields are getting better, they are still in constant decline. Fracking requires nonstop drilling, and after ten years, shale is normally useless, since you cannot drill to infinity. http://bit.ly/11CgjZm
    Deepwater could go for half a century. The fields around Norway and under the arctic are the size of reserves found under the mideast countries.
    Nov 19, 2014. 10:56 AM | 2 Likes Like |Link to Comment
  • How Can You Sleep At Night Holding Seadrill? [View article]
    Can you show us the math on how 800 units of a $974,275 2-seater will cut worldwide petrol consumption in half, even as global demand continues to increase?
    Nov 19, 2014. 10:42 AM | 4 Likes Like |Link to Comment
  • Seadrill: Anxiety And Panic Won't Get You Anywhere, But Reason Will [View article]
    "Seadrill resembles Enron and Seadrill would be liquidated in a bankruptcy. Where do you get your finance background from?"
    Where do I get my finance background from? My economics (cum laude, departmental honors) and accounting degrees were from the honors college of an old private institution. I had as many as three simultaneous roughneck jobs as I worked my way through and still came out near the top. I then worked in I/T in the finance division there and eventually became the bursar of a large state school. In four years, I turned an 1800s manual system into an efficient 21st century department, brought the bank balance up by 40%, increased revenue received from past-due receivables by +300%, cut the days receivable by 40%, reduced the financial aid excess checks turnaround by half, and turned the bad-guy-department --with the lowest customer service satisfaction-- into the highest-rated department on any campus.
    What do I know of loans? Well, my department also originated bridge loans for procrastinating students until they completed fafsa & Stafford loan requirements. We also collected on loan fraud, and I have placed liens against thousands of people.
    What do I know of foreclosures? I am now a landlord: For some tenants, I cut a lot of breaks, because it is worth more for me to get the rent late than to have the house empty. I have evicted, but only when I was not going to get paid. A company the size of Seadrill has leverage over the banks, since it owes them so very much, but can be immensely profitable. SDRL assets at foreclosure, however, would be worth little.
    Where do I get my knowledge of distressed asset values? From actual foreclosure sales, where I buy assets.
    I showed you mine, show me yours. After 1- explaining how Seadrill is like Enron, 2- tell us where you get your financial knowledge, and 3- explain why you are attacking others for NOT buying SDRL at this price, and 4- why you claim to have bought it for your daughter, if it is another Enron.
    Can you do a cash-balance projection, based on starting balance, plus revenue from each contracted rig, less debt due?
    Nov 19, 2014. 10:33 AM | 3 Likes Like |Link to Comment
  • Seadrill: Anxiety And Panic Won't Get You Anywhere, But Reason Will [View article]
    There comes a point where noteholders cannot foreclose on the entity who owes them, because they are owed so much that forcing bankruptcy would destroy the banker. Examples of entities that owe so much that they can re-negotiate would include Seadrill and the US government.
    Nov 18, 2014. 10:58 AM | 1 Like Like |Link to Comment
  • Seadrill: Anxiety And Panic Won't Get You Anywhere, But Reason Will [View article]
    John Fredriksen's first job in 1962 was as a trainee in a shipping company. He started trading oil in Beirut in the later 1960s. By 1971, he had his own oil shipping company. During the 1980s, his tankers shipped oil during the Iran-Iraq wars. By the 1990s, Frontline was the biggest tanker. Seadrill was formed not from scratch, but from acquisitions of experienced drillers, and the better & newer equipment was kept. It has a group of connected companies around it, with boards compiled partially from the acquired drilling companies.
    He has been active in oil & water for more than ten years... and more than most people reading this have been alive.
    Nov 17, 2014. 09:53 AM | 2 Likes Like |Link to Comment
  • U.S. crude tumbles below $75, oil stocks swirl lower [View news story]
    As a truck-driving, gun-totin', red-bludded 'Murrcan (I wave my flag so hard, it blows the illegals out), who buys only the finest merchandise Walmart has to offer the discriminating gentleman, I would like to thank President Obama for cheap gas.
    Nov 15, 2014. 03:43 PM | 1 Like Like |Link to Comment
  • Update: Rosneft-North American Drilling Break-Up Period Extended Until May [View article]
    I keep reading on Seeking Alpha that Europe will not continue to support sanctions, but every story I have read about Putin and the G20 meeting sounds as if Europe is united against Russia invading Ukraine and bombing Malaysian planes.
    Nov 15, 2014. 03:29 PM | Likes Like |Link to Comment
  • Seadrill: Anxiety And Panic Won't Get You Anywhere, But Reason Will [View article]
    "If you can't back it up, then you should clam up."
    Those words were written by Million$OfPennies Prudence.
    Dwell on that for a moment.
    Nov 15, 2014. 03:11 PM | 3 Likes Like |Link to Comment
  • Seadrill: Anxiety And Panic Won't Get You Anywhere, But Reason Will [View article]
    "‘‘If it floats between $80 and $100, our sector will be fine,’’ said Lesar, CEO of Halliburton.
    "...Eagle Ford oil producers need prices around $68 a barrel to make drilling worthwhile, according to ITG Investment Research... In the Bakken and Permian formations, break-even prices are $67 and $65, respectively.... At the other end of the range are the Cana Woodford shale in Oklahoma, where producers need $100 to make a profit, and the Anadarko formation on the Texas-Oklahoma border, where $79 is the threshold..." From http://bloom.bg/1vd7Nfx
    "Marianne Kah, chief economist of ConocoPhillips , said oil prices would need to fall to $50 a barrel “if you wanted to completely halt production” in U.S. shale basins. She said 80% of the American shale sector—in which ConocoPhillips is a major operator—is profitable at prices between $40 and $80 a barrel for benchmark West Texas Intermediate crude." From http://bit.ly/1vd7KjZ
    Here is a nice visual of breakeven prices http://bit.ly/1vd7NfF.
    Here is another nice visual, from Seadrill in a SA article http://bit.ly/1vd7Kk1.
    One thing to remember is that those fracking wells, mostly operated by small companies, deplete quickly and require constant new drilling. When the head of OPEC stated that he can cause the shutdown of half of all American fracking, he is sort of right: The cure for low prices is low prices. By the time SDRL's backlog of contracts starts running out, oil prices will probably be over $70 again. Even if prices go and stay low in the USA, China will buy from anybody, and the USA cannot export its crude.
    (P.s.- I think EOG's CEO is too optimistic. They have a lower gross & operating margin than some other similar companies.)
    Nov 14, 2014. 12:30 PM | 8 Likes Like |Link to Comment
  • Seadrill: You'd Have To Be Crazy To Sell This Stock [View article]
    go-4-it, Chowder does list every one of his stocks and why he buys & sells.
    Relax, man, you've become MillionXXPenniesPrudence. Just relax and focus on cash flows from continuing operations. It's all cool, man... it's all cool.
    Nov 13, 2014. 07:14 PM | 4 Likes Like |Link to Comment
  • 5 Reasons Why It Could Be Time To Buy Seadrill, Transocean And Diamond Offshore Drilling [View article]
    That vomiting camel pattern is more useful information than I ever learned in calculus and economics classes combined! I cannot believe I have never seen that before.
    I bought gold on 10.31.2014; check back in 2 years.
    Nov 13, 2014. 10:44 AM | Likes Like |Link to Comment
  • Seadrill Ltd: My Long Position Hurts, But Damn Me If I Sell This Nugget [View article]
    That Catthulu seamonster beast totally destroyed Seadrill's best drillshaft. Poor Fredericksen. Why doesn't CNBC show attacks like this? No drillship is safe.
    Nov 13, 2014. 08:52 AM | Likes Like |Link to Comment
  • Seadrill: What The West Vela Sale Means [View article]
    Indeed, MFMonday. Seadrill is heavily contracted out for now. Newer rigs are the ones big oil wants to contract out to going forward. Therefore, when contracts run out in 2016, only drillers with the newest rigs will be competing for contracts. The new contracts will subsequently probably be for lower rates, but SDRL will be one of the companies that actually gets contracts.
    Nov 13, 2014. 08:39 AM | 3 Likes Like |Link to Comment
  • Seadrill: What The West Vela Sale Means [View article]
    Many people are understandably put off by the idea that Seadrill can sell something it owns to something else it owns and come out any different. This article offered a visual representation of how the sales to subsidiaries works, shows differences between a couple rig sales, and links to an article showing the competitive differences between SDRL and RIG.
    Nov 12, 2014. 12:29 PM | 13 Likes Like |Link to Comment
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