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31October

31October
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  • Update: Seadrill Earnings - Lessons Learned From Negative FCF And High Debt [View article]
    Since you mention common sense, it would be basic chemistry that hydrocarbons released by heat would be the more volatile, or "light," ones than crude from a reservoir, plus the 0.76% average sulfur content is low enough to meet WTI's standard of 0.42% with minimal processing or by blending very low sulfur oil with it. In fact, shale oil can be so much lighter that it causes problems a the refinery: http://bit.ly/12idFau.
    The link you included supported my supply and demand statement, so thanks... This does, too: http://bit.ly12idFay~isn/blog/2014/... and this: http://bit.ly/12idFaC, and this: http://53eig.ht/12idI64, and this: http://for.tn/12idI6b
    Nov 30, 2014. 07:23 PM | Likes Like |Link to Comment
  • Seadrill Shows Just How Little Insider Buys Can Mean [View article]
    "Fredriksen complaining that Troim had not managed things conservatively enough." It was indeed reported that way, but I read evidence that suggests in fact Fredricksen is the reckless one and Troim was telling him to hit the brakes.
    Nov 30, 2014. 06:50 PM | Likes Like |Link to Comment
  • Update: Seadrill Earnings - Lessons Learned From Negative FCF And High Debt [View article]
    "Most people don't understand why Brent trades at a higher price. WTI crude is no longer "light and sweet" as before the shale oil revolution and is more costly to refine."
    Actually, WTI crude is lighter and sweeter http://bit.ly/1pCPRJF than Brent, but there is a geographic difference in supply and demand. Since WTI supply shot up, price went down relative to Brent, which is a more global indicator. http://bit.ly/MY14md
    Nov 30, 2014. 02:34 PM | Likes Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Third Quarter Results Analysis [View article]
    Aricool, I was reported and deleted as abusive for saying that your comment was good and worth digging for. If you took offense to a compliment, well alrighty, then.
    Nov 30, 2014. 02:10 PM | Likes Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Third Quarter Results Analysis [View article]
    "If you continue invest in oil industry, you will lose all your investment in 2-3 years."
    That's what I heard about tobacco 3 years ago, but I just sold PM for $88.35. :-)
    And oil is better than tobacco; everything in your life is made with oil: The plastic wrapper on your food, the keyboard under your fingers, your clothes, the train & truck fuels that bring Chinese toys to Walmart, the Chinese toys themselves, the fuel your car uses, and the car itself.
    When the last of my kids is out, I can buy a 911 Turbo S (LOVE them!) from "If you continue invest in tobacco industry, you will lose all your investment in 2-3 years" profits and fill its tank with "If you continue invest in oil industry, you will lose all your investment in 2-3 years" profits... Then I will do my part to keep oil demand high for the other investors.
    Nov 30, 2014. 11:15 AM | 1 Like Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Third Quarter Results Analysis [View article]
    Fun Trading, you may not be aware that M$M (under at least six aliases) has posted around 4,000(!) comments filled with rude dismissals and almost no facts. He disregards evidence (such as balance sheet statements and IEA reports) that contradicts his outlandish claims, and he reports comments that show his blatant contradictions and ridiculous fabrications as abusive. One night, I was entertained by hitting F5 every few minutes: Seeking Alpha was deleting his comments, so he went into a frenzy adding new comments such as "Your all fools" and "PI told you, boo hoo, Im laughing to the bank."
    I normally enjoy visiting the kingdom of Seeking Alpha. I obsessively read every SDRL and ESV article and particularly the counterarguments in the comments. I enjoy your articles; it is clear that you are reading & learning, as opposed to simply spewing an unsupported opinion. But when I suddenly see "35 new comments" on a single article, I know that the troll has climbed from under the bridge and is standing on it, shouting "You no nothing, you're crystal ball don't work," and preventing us from reaching the information on the other side.
    Sometimes a troll cannot be reasoned with. For the safety of the kingdom, sometimes a troll must be destroyed. If Mad Stacks wants to be the champion knight of the people, then give him a longsword and your finest armored horse.
    Nov 30, 2014. 10:28 AM | 1 Like Like |Link to Comment
  • Seadrill Ltd. Collapses After Suspending Its Dividend [View article]
    Yes, $3,000 limit, and the rest must be carried forward.
    Nov 30, 2014. 09:03 AM | Likes Like |Link to Comment
  • Barron's with an early look at E*Trade's new website [View news story]
    It has big colored letters like a tablet. I don't mind it, but it's just a makeover, not a change in how you do things. The biggest shock is learning that I am a "select customer."
    Nov 29, 2014. 07:26 PM | Likes Like |Link to Comment
  • Seadrill And Rosneft: Does The Dividend Elimination Signal A Catastrophe? [View article]
    Peter Pike's blog has the same usefulness to investing as peter gnats have to a dog.
    Nov 28, 2014. 02:18 PM | 1 Like Like |Link to Comment
  • Seadrill Ltd. Collapses After Suspending Its Dividend [View article]
    mapodga, I respectfully almost disagree. The very-long-term-reasons (new rigs that major E&P companies demand, the Russia-China oil plan) I bought SDRL still exist.
    The stopping of the dividend fixed the one thing (2016 loan due date at the same time as rig deliveries and subsequent lower dayrates) that worried me. The press release included a lot of good, profitable activity such as contracting off West Africa with TOT and XOM.
    I'm not a technicals trader, but the chart points at ~$13.00 around 09 Demember. That is below tangible book value for a profitable company.
    Nov 28, 2014. 08:18 AM | Likes Like |Link to Comment
  • Seadrill Ltd. Collapses After Suspending Its Dividend [View article]
    MillionNameMan, you've changed your alias and your tune more often than you've changed your underwear, but how did I change my tune? Now you claim that oil will jump back to the average in months, which contradicts comments you made about fracking causing permanent price decline; you cannot keep a steady tune but accuse others. I provided SDRL numbers; you have provided nothing but a PAB attitude.
    Nov 27, 2014. 10:03 PM | 5 Likes Like |Link to Comment
  • Seadrill: Perspective From Russia - Part 5 [View article]
    "All the bad news is in" are words that I have learned to never say :-)
    Nov 27, 2014. 09:38 PM | 1 Like Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Third Quarter Results Analysis [View article]
    earl, their interest coverage is 4.7, and the ECB is lowering rates. Rigs are profitable and mostly contracted through 2016. Their ONLY problem is low cash balance. They already reduced interest expense with banks and by backing out of a convertible deal. Next quarter, there will be lower interest expense and $495,000,000 cash left in the bank instead of paid out.
    Nov 27, 2014. 09:20 PM | Likes Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Third Quarter Results Analysis [View article]
    As a tiny business owner and father of a budding pilot, I this this was a beautiful post.
    The only assumption I question is whether oil will be back up in a few months. I (and apparently only I) welcome SDRL's dividend cessation, because oil could stay low for longer than the normal dips (US production being the biggest reason.)
    Nov 27, 2014. 09:08 PM | 2 Likes Like |Link to Comment
  • Seadrill: You'd Have To Be Crazy To Sell This Stock [View article]
    freed0m, I agree and was perplexed when they raised the dividend. Now I am perplexed why people see fixing the balance sheet as a bad thing. SDRL is lucky that the ECB is lowering rates, because a small portion of their debt has a floating rate. As for their ability to pay debt, they have a current interest coverage ratio of 4.7.
    Nov 27, 2014. 08:22 PM | Likes Like |Link to Comment
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