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Shindoesca

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  • Analyzing BP's Debt And Risk [View article]
    Hi Jeff,

    Any opinion on Friday's announcement, good or bad?

    BP: I give you my 50 percent stake in TNK-BP, you pay me $15 billion cash for the first 25 percent + Rosneft shares for the other 25 percent?

    Putin & Rosneft: Sounds like a deal to me!

    Rosneft article SA: http://seekingalpha.co...

    Friday article Reuters BP stake Rosneft: http://reut.rs/Pftqn5

    Time to go Long BP or Rosneft?
    Sep 25, 2012. 06:45 AM | Likes Like |Link to Comment
  • Sell BP, A Value Trap [View article]
    Hi Qineqt,

    Any opinion on last friday's announcement, is it good or bad?

    BP: I give you my 50 percent stake in TNK-BP, you pay me $15 billion cash for the first 25 percent + Rosneft shares for the other 25 percent?

    Putin & Rosneft: Sounds like a deal to me!

    Rosneft article SA: http://seekingalpha.co...

    Friday article Reuters BP stake Rosneft: http://reut.rs/Pftqn5
    Sep 25, 2012. 06:43 AM | Likes Like |Link to Comment
  • The Next Exxon Mobil? Rosneft, The Biggest Oil Company You've Never Heard Of [View article]
    BP: I give you my 50 percent stake in TNK-BP, you pay me $15 billion cash for the first 25 percent + Rosneft shares for the other 25 percent?

    Putin & Rosneft: Sounds like a deal to me!
    Sep 25, 2012. 06:37 AM | Likes Like |Link to Comment
  • Without Steve Jobs, Apple Is Without A Map [View article]
    Forgot the new LG Optimus G; quad core processor, 13 MP camera, Beautiful phone
    Sep 25, 2012. 04:09 AM | Likes Like |Link to Comment
  • Without Steve Jobs, Apple Is Without A Map [View article]
    That's not the point with Apple. Apple still is the number 1 brand and yes, they make great products. But let's be honest as well, the competition has played catch-up big time and Samsung, HTC, Sony and finally also 'Back from the Death'-Nokia all have some very impressive products on the table as of this moment in time. Did you actually have a chance to try a Nokia Lumia 900 WM7.5 alongside a Samsung Android OS and iPhone 4S OS.

    I can tell you the Lumia is excellent as well; the build quality, features, and the MSFT OS. So yeah, the Lumia 920 with WM8 is going to do really well, no doubt. Everyone is talking about a future mini-iPad. Did you actually check out the Samsung Galaxy Note II out this month, it's a mini-iPad, it's A+.

    I own both AAPL and NOK, and will continue to do so, but don't fool yourself that the Apple-story can go on unabated people. It never does.
    Sep 25, 2012. 03:26 AM | 1 Like Like |Link to Comment
  • Without Steve Jobs, Apple Is Without A Map [View article]
    It's a difficult one with Apple at this point. Microsoft now has the best smartphone OS on the market. Windows Mobile 7.5 is clearly ahead of the iPhone's OS when using the two, and WM8 will likely be another good step for MSFT. The differences between Windows Mobile and Android are staggering, Android is much less user-friendly and stable. I used all three during the last two years, first Galaxy II, then iPhone 4S, now Lumia 900. No going back.

    The build quality, features and weight of the Nokia are very impressive indeed, somewhat surprising actually when you compare them. To think the new iPhone 5 has a 4 inch screen and still that weight. Xperia S and HTC 8X have a 4.3 screen, Lumia a 4.5, Galaxy S III a 4.8 inch, and now Samsung is releasing that Galaxy Note II (big brother S III) with a 5.5-inch Super Amoled screen. You can't honestly tell me that Apple is still setting the standard after a direct comparison.
    Sep 24, 2012. 06:16 AM | Likes Like |Link to Comment
  • Transocean Barred From Operating In Brazil: Looking At The Potential Impact [View article]
    We don't even want to think about what would happen if the ban took effect, Petrobras CEO Maria das Gracas Foster told reporters at the Rio Oil & Gas conference. We support Transocean and we don't want to lose the services of this excellent company. PBR lawyers are working to help Transocean overturn an injunction barring it from work in Brazil.

    Brazil's oil regulator ANP said there was no negligence on Transocean's part in the spill and that only Chevron had to pay fines and present a remedial plan before getting approval to drill again. Chevron and Transoceans' legal affairs have said that the injunction on Transocean has not yet been served, the ban goes into effect 30 days after serving. Brazilian prosecutors are playing a very dangerous game!
    Sep 24, 2012. 05:59 AM | 3 Likes Like |Link to Comment
  • Transocean's Value Proposition, Part Two: Profit Soars, Macondo Settlement On The Horizon [View article]
    We don't even want to think about what would happen if the ban took effect, Petrobras CEO Maria das Gracas Foster told reporters at the Rio Oil & Gas conference. The impact would be very bad. We support Transocean and we don't want to lose the services of this excellent company. PBR lawyers are working to help Transocean overturn an injunction barring it from work in Brazil.

    Brazil's oil regulator ANP said there was no negligence on Transocean's part in the spill and that only Chevron had to pay fines and present a remedial plan before getting approval to drill again. Chevron and Transoceans' legal affairs have said that the injunction on Transocean has not yet been served, the ban goes into effect 30 days after serving. ban goes into effect 30 days after serving. Brazilian prosecutors are playing a very dangerous game!
    Sep 24, 2012. 05:11 AM | Likes Like |Link to Comment
  • Seadrill's Long-Term Contracts And 3 IPOs By Mid-2013 Secure Growth [View article]
    More good news from SDRL this evening, That means the 7th drillship on order and 19 newbuilds. They will have 67 rigs in 2015 if I count correctly:

    OSLO, Sept 24 (Reuters) - Drilling firm Seadrill has ordered a new ultra-deepwater drillship from South Korea's Samsung Heavy Industries for an estimated $600 million for delivery in the fourth quarter of 2014, it said on Monday.

    "The new ordering has been evaluated up against several M&A and asset proposals but the Board has concluded that organic growth through contracting new buildings at attractive prices is likely to give higher long-term return to shareholders," Seadrill Chairman John Fredriksen said in a statement.

    Initial payments will be made using funds recently raised through a $1 billion bond issue, and the firm said it was "confident" its $20 billion order backlog can be financed without raising additional equity, it added.
    Sep 24, 2012. 03:46 AM | Likes Like |Link to Comment
  • Seadrill's Long-Term Contracts And 3 IPOs By Mid-2013 Secure Growth [View article]
    Thanks. I have to investigate SFL a little more. The 9.2 percent dividend is almost too good to resist, but I don't understand completely yet how they can pay even more dividend than SDRL when tanker charter rates are still low. SDRL at least has rising rig day rates.

    This is a good article on Fool about Frontline: http://bit.ly/UfVcW2
    Sep 20, 2012. 03:09 AM | 1 Like Like |Link to Comment
  • Seadrill's Long-Term Contracts And 3 IPOs By Mid-2013 Secure Growth [View article]
    He linked the Bloomberg article on Fredriksen's life as source Genius, read comments above and below first. May be me but apart from short summary at the beginning most is completely different, this goes on about SDRL newbuild program: which rigs they have (48 not 66), which rigs they are still building (18), delivery dates new rigs, all planned spin-off's. First time I see it summarized like this
    Sep 20, 2012. 03:01 AM | Likes Like |Link to Comment
  • Managing A Conservative Portfolio In Light Of QE3 [View article]
    Interesting combination of companies. Thanks
    Sep 19, 2012. 03:26 AM | 1 Like Like |Link to Comment
  • Seadrill's Long-Term Contracts And 3 IPOs By Mid-2013 Secure Growth [View article]
    Does anyone know if Ship Finance (SFL), Golar LNG (GLNG) and Frontline 2012 are Fredriksen companies you should also invest in instead of completely going into SDRL? SFL pays 9.2 percent dividend, GLNG 4 percent, and Frontline 2012 is restructured Frontline (FRO).

    I read Frontline only directly owns 1 ship which is up for for sale or scrap and 2 Suezmax hulls still to be delivered. 26 tankers are owned by SFL, 10 by Frontline 2012, 9 by ITCL, 7 by KG, 4 by VLCCF, and 2 chartered from DHT. Thanks
    Sep 19, 2012. 03:14 AM | 1 Like Like |Link to Comment
  • Transocean's Value Proposition, Part Two: Profit Soars, Macondo Settlement On The Horizon [View article]
    Noble's quarterly profit tripled. 2013 is close to being sold out and NE is already striking deals for 2014. Noble's three-year deal on their ultra-deepwater drillship now being built came in at $618,000 per day starting in 2014.
    Aug 7, 2012. 10:07 AM | 1 Like Like |Link to Comment
  • Transocean's Value Proposition, Part Two: Profit Soars, Macondo Settlement On The Horizon [View article]
    Beginning with the Ultra-Deepwater market, let's take a closer look at the various markets. The tight Ultra-Deepwater market has resulted in pricing opportunities now from the mid-$500,000 per day to well over $600,000 per day, depending on availability, overall term and location. The Ultra-Deepwater demand is being mainly driven by exploration programs in the U.S. Gulf of Mexico, East and West Africa, compounded by the emerging markets where recent successes are resulting in incremental demand. As we move further into the development cycle over the next few years, we believe that increased demand will continue to absorb the available units and provide further growth opportunities for our fleet. While Petrobras's current 5-year plan does not imply a significant increase in demand for Ultra-Deepwater rigs, we believe there will be opportunities to secure extensions for existing fleet and expect a need of incremental rigs to bridge the gap to the arrival of the Brazilian-built newbuild fleet. Since our last earnings call, we've been able to secure multiple contracts, totaling approximately 9 rig years worth $1.8 billion. The Discoverer Deep Seas was our most recently contracted fixture at $595,000 per day for 3 years with a new customer in the U.S. Gulf of Mexico. The previous dayrate on this rig was $450,000 per day.
    We are in advanced discussions on our existing Ultra-Deepwater units available in late 2012 and beyond at very attractive rates. Our confidence in the long-term future of the Ultra-Deepwater market has also been confirmed by the strong interest shown by our customers in our 2 DSME-designed Ultra-Deepwater drillships under construction.
    Turning to the Deepwater market, due to the above-mentioned tightness in the Ultra-Deepwater market, we expect the tendering and contracting activity to continue to improve over the next 2 quarters. As evidenced by the recent Deepwater fixtures of over $500,000 and the open demand in West Africa and Asia, we're confident that our fleet will benefit from these opportunities. Since our last earnings call, we executed 2 rig contracts for over 3.5 rig years, worth $600 million. In the Midwater and Harsh-Environment floater market, we continue to see increasing demand in Norway and the U.K. North Sea, where we are close to being sold out for 2013 and are evaluating opportunities to reactivate some of our idle capacity. Based on inquiries received from our customers, we believe that the market will continue to be undersupplied through '13, possibly well into '14, providing ample growth opportunities for the few customers requiring Harsh-Environment newbuilds for their programs. Since our last Fleet Status Report, we've been able to secure the leading-edge dayrate of 395 per day for the 1-year contract in the U.K. We're confident in our ability to secure favorable rates for our remaining available Midwater capacity, not only in the Harsh-Environment market but also in West Africa, India and Southeast Asia, where demand remains steady.
    Moving to the jackup market, demand for premium and Standard Jackups continues to grow. Increased utilization has resulted in higher dayrates moving over 150,000 per day, as evidenced by our long-term fixtures in West Africa and Southeast Asia. Since our last earnings call, we were able to secure multiple contracts across our entire jackup fleet, totaling approximately 9.5 rig years, with dayrates ranging from 116,000 per day for lower spec jackups to 155,000 per day for our premium units. Based on the strong market and requests from our customers, we expect to have additional opportunities to reactivate more of our idle equipment. In conclusion, strong demand and tight supply, coupled with the continuing exploration successes, maturation of some large development programs and new emerging plays continue to support our view that dayrates and utilization will continue to improve while providing opportunity to grow our fleet with our customers. This concludes my overview on the market, so I'll turn it back to you, Steven
    Aug 7, 2012. 09:45 AM | Likes Like |Link to Comment
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