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  • Seadrill's Earnings Announcement And Conference Call On November 26 Is 'Can't Miss' For Investors [View article]
    Just when you think SDRL and NADL are compelling values
    Nov 26, 2014. 08:01 PM | Likes Like |Link to Comment
  • First Thoughts On Seadrill's Earnings Report And Reasons Not To Panic [View article]
    All year long I have heard what a bargain Seadrill has become with its share price drop, the only problem is that it doesn't stop dropping . Who could have imagined Seadrill at Sixteen bucks and NO Dividends to boot. Why did they wait all year to make the adjustments needed in one quick swoop knocking many of their shareholders as well as their share price into a tailspin. It doesn't say much for an investment when the best you can do is harvest "tax losses", shame on John Fredrickson and management for driving Seadrill into the ground and a knock on me for staying along for the ride. Will be dumping Seadrill on any dead cat bounce.
    Nov 26, 2014. 05:57 PM | 9 Likes Like |Link to Comment
  • Seadrill's Earnings Announcement And Conference Call On November 26 Is 'Can't Miss' For Investors [View article]
    Eventually the pain of holding SDRL and NADL will subside but at what cost? Share prices of both companies are far, far lower then anyone could have imagined, testing even the most hardened long term holders. It is hard to imagine another steep sell off after earnings but every time you feel that you have a great entry point share prices slide to unimagined 52 week lows. At this point the Rosneft deal and the future price of oil will weigh heavily on the prospects for both companies and at this junction both stocks can best be described as speculative with potential catalysts for out performance as well as substantial headwinds that could potentially send both over a cliff. Best handled as a small position in a diversified portfolio.
    Nov 24, 2014. 07:07 AM | 7 Likes Like |Link to Comment
  • North Atlantic Drilling: Fleet Analysis And Financial Results As Of November Commentary [View article]
    If Rosneft had financing available it could just Buy NADL and have no worries about sanctions as they would own all the the harsh environment rigs they need. Regardless we can only hope that sanctions are short lived and business can continue to move forward free of any obstacles. Long NADL and SDRL.
    Nov 5, 2014. 07:17 PM | Likes Like |Link to Comment
  • Bovespa on watch as Rousseff squeaks by [View news story]
    My biggest concern are these left leaning governments which have no concern for shareholders as their policies not only drive stock prices into the ground but their economies as well. I have seen the same in Argentina, Venezuela and now it looks like Brazil is now also heading into the abyss. Brazil's best chance just got rejected at the polls and we will now see a huge downdraft in the Bovespa to new 52 week lows as well as an economy into recession. The real will continue to get weaker as investment dollars leave the region for better opportunities elsewhere and unfortunately for the Brazilian people they will now reap what they harvest.
    Oct 27, 2014. 08:02 AM | 2 Likes Like |Link to Comment
  • Linn Energy At $80 Oil [View article]
    "Be greedy when others are fearful" with the recent massive dumping of anything energy and the consequent rout in Linn Energy units to new 52 week lows it pays to be proactive and step in when others are running out the door. Sometimes it pays to just hold your nose and step in and add or establish a position at great prices and allow patience to take hold as panic selling has never been a winning strategy. Long LNCO and adding on further weakness.
    Oct 17, 2014. 03:53 PM | 2 Likes Like |Link to Comment
  • Seadrill Looking To Make Lemonade From Lemons [View article]
    I fail to see how an opportunistic purchase could possibly help with a fully saturated market with an excess of rigs, some of which will have to be stacked or put to scrap and all scrambling
    Oct 16, 2014. 11:13 AM | 4 Likes Like |Link to Comment
  • Plenty Of Reasons To Be Optimistic About Transocean [View article]
    Rig next to Diamond Offshore is probably the worst positioned deep water driller with its inventory of old obsolete rigs which are in little demand especially after the Macondo oil spill. The cost of upgrading is expensive and with a market saturated with an oversupply of rigs those without the most technologically advanced safety features will most likely have to be scrapped or stacked. The offshore deep water drillers are currently mired in a severe mauling by their own bear market which is going to shake out the oldest rigs and punish those companies with the highest inventory of them. As long as the price of oil continues to sink share prices will not see a bottom and if you have to hold a deep water driller invest in one with the most modern fleet.
    Oct 4, 2014. 08:02 AM | 5 Likes Like |Link to Comment
  • Why Seadrill Is Not A Falling Knife [View article]
    Seadrill has always been managed rather aggressively which is the John Frederickson way and as long as market conditions supported this style everyone profited but the tide has definitely changed and now conditions are challenging at best and that same John Frederickson style is now working against Seadrill. The entire offshore Drilling sector is being severely mauled in its own bear market and as long as the price of oil continues to fall it would be difficult to see any recovery any time soon. I sold my entire stake in Seadrill to harvest my losses and will revisit the stock in a couple of weeks as share prices have continued in free fall an additional 25% after my sale. I like the long term prospects for the drillers but that doesn't preclude me from harvesting a loss and seeking a lower new entry point. Lets just hope that Seadrill doesn't get run aground as was done with Frontline. Frederickson needs to make adjustments to account for present market conditions which includes reducing debt, preserving cash and further delaying the delivery of newbuilds or even canceling orders. At times the best defense is a good offense.
    Oct 4, 2014. 07:48 AM | 1 Like Like |Link to Comment
  • Offshore Drilling Outlook: October 2014 [View article]
    Jacob, Diamond Offshore has one of the oldest fleet of rigs and will probably have the most difficulty with idled/stacked rigs and declining day rates. In addition, what is your take on ORIGs plan to spin off an MLP for dropdowns and finally what is your take on NADL which has been severely punished over the impact of Russian sanctions. Thanks and good read.
    Oct 3, 2014. 10:35 AM | Likes Like |Link to Comment
  • A Few Reasons Why Investors Should Avoid Seadrill [View article]
    Very content to have added to my Seadrill position on their most recent pullback. Long SDRL and NADL>
    Aug 11, 2014. 11:36 AM | 4 Likes Like |Link to Comment
  • A New 2x Leveraged ETN Tracks Non-Energy MLPs And Yields 14% [View article]
    Good read. I am a big fan of UBS double leveraged ETN's and own most of their 2X products; MORL, CEFL, DVHL, BDCL and LMLP. I recently sold MLPL as it had a great run and it was time to ring the register. As an aggressive income investor I am always looking for great income investments and with UBS I feel that their products are a great fit as long as you understand the risks and can stomach the volatility.
    Aug 10, 2014. 12:05 PM | Likes Like |Link to Comment
  • Update: North Atlantic Drilling's Agreement With Rosneft Should Not Be Materially Impacted By Latest US Sanctions, But Headline Risk Remains [View article]
    Anytime you are dealing with Russian companies even during the best of times there is always a sense of caution that is recommended. NADL rigs were fully booked even before the announced Rosneft deal which will be delayed at most but is a game changer for NADL once consummated as this will give the company access to the very lucrative Russian offshore market and will fill its order book to the tune of 35 Rig years. So the recent pounding of NADL stock is in my opinion a buying opportunity but patience is key here as there is no telling when all will fall into place. Long SDRL and NADL.
    Jul 18, 2014. 11:05 AM | 3 Likes Like |Link to Comment
  • Rosneft gains stakes in North Atlantic Drilling, Seadrill in major rig deal [View news story]
    This is a game changer for NADL which should bode well for the company going forward with numerous new drilling opportunities. For Seadrill a possible ready market for its many new builds provided they are upgraded over to harsh cold weather. These rigs could be dropped down to NADL for immediate deployment to Rosneft. Many possibilities all around. Long SDRL and NADL.
    May 27, 2014. 12:39 PM | 2 Likes Like |Link to Comment
  • Transocean Ltd.: Complete Fleet Analysis Reveals A Surprising Good Outlook. [View article]
    Seems to me that all the bashing of the offshore drillers has already done enough damage as this sector has already experienced its own bear market but recent earnings report do not justify the severe downdraft in stock prices. I personally would prefer to invest in SDRL as a more aggressive play in the sector and am willing to ride out sector turbulence while collecting a very high dividend. RIG is weighed down by an older fleet but is looking to improve by adding new state of the art rigs and selling off its obsolete platforms but all this will take time. With Seadrill the most technologically advanced rigs are already on hand and with the youngest deep water fleet of any major offshore driller they should attract the most demand for what they bring to market. Long SDRL and NADL.
    May 3, 2014. 09:11 AM | Likes Like |Link to Comment