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jackmaster20

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  • Energy Transfer Rocks On... Reloads The Cannons [View article]
    Thanks for your opinion, Ray
    JM20
    Sep 6 06:32 PM | Likes Like |Link to Comment
  • Energy Transfer Rocks On... Reloads The Cannons [View article]
    Ray

    If Yellen normalizes the short end of the yield curve, by say, 2016-17,
    does that give Congress an opportunity to reverse the MLP laws ?
    They could use the premise that investors (voters) would again have
    the "usual" short term saving/income securities, namely CDs, money markets and short term corp & Treasury bonds to generate their investment income.

    Congress could then have the "political cover" to increase revenues/tax on these structured income products ......?

    Never trust a politician ...........follow the money from us to them !
    Sep 5 10:54 AM | 1 Like Like |Link to Comment
  • Time To Buy More Pacific Drilling [View article]
    Club

    Thanks for your reply.......

    IMO, PACD has already indicated to the market that there is very little
    chance of a new build going un-contracted ....
    ...........Beckett has stated that PACD "is in direct negotiations for a
    maiden contract for P Melten" ....and he stated in the last CC that PBR
    and PACD were discussing technical specification issues for the P Mistral
    extension.

    P Zonda, the 8th and last drill-ship appears to go operational sometime
    in Q2/early Q3 2015, so Beckett has made little specific comments regarding a maiden deal for her.

    That's about it for contracts for PACD in 2015. Small fleet with high
    specs allows Beckett to KISS. Demand does not need to be unlimited.
    PACD needs serious demand for only 2 drill-ships. (Unlike RIG or SDRL?)

    In the maintime, the free cash flow rains in like almost no other
    off-shore drilling specialist in business today.

    Also IMO, PACD's unique combination of all 7th gen rigs, plus industry
    leading operational metrics and a fortress balance sheet......is a special
    combination in the off-shore.

    Right now the only issue holding back PACD is overall off-shore drilling
    sector apprehension. But this will not last.

    Thank you
    Sep 1 07:54 PM | Likes Like |Link to Comment
  • Time To Buy More Pacific Drilling [View article]
    Club

    Your statement regarding "there are other modern UD and HE rigs coming into the market at the same period as those from PACD" .....

    IMO, your comment only addresses 1/2 of the current off-shore drilling market environment.

    There is more demand for UDW/ high spec drilling assets than the past years. 2014 off-shore lease demand and prices is also increasing.
    These data bode well for 7th generation drill-ships, with proven strong
    safety & efficiency metrics.

    This is one primary reason that PACD continues to close contracts with strong day rates & terms. PACD is an experienced and proven operator
    of 7th generation drill-ships. They have operational data to back up their
    day rate requests, not just new rigs to offer. I feel this is a big competitive advantage for Beckett & Acuff.

    Thank you.
    Sep 1 02:21 PM | Likes Like |Link to Comment
  • Pacific Drilling Second Quarter Results Show Growth Story Playing Out [View article]
    E to D ......

    You present a reasonable counter point to my bullish opinion on
    PACD, backed by comments from a CEO of a firm that drills off-shore.

    My only push back to you would be that PACD only requires 2 signed
    deals to be at full employment of its fleet. its not an macro industry
    wide issue with PACD signing its 2 deals....which are at least in the intermediate phase of negotiations. Thus far PACD rigs have not
    signed for the "low-ball, get the new rigs signed" rates we have
    noted from RIG or SDRL.....

    PBR is trying to play low ball with the P Mistral extension, but from
    what I think I hear Beckett say, this extension is leaning more
    to drill-ship specifications than just day rate metrics. P Mistral has
    a current track record, with PBR at the present, that might not be reproducible by other rigs from other vendors.

    If pushed, I would think that things will heat up for the PACD stock
    price around Thanksgiving.....maybe we see one last dip into the low
    $ 9s before that ....?

    Thanks Dan for your perspective ......
    Aug 31 10:25 PM | Likes Like |Link to Comment
  • Pacific Drilling Second Quarter Results Show Growth Story Playing Out [View article]
    Hedge .....

    I feel there will be a lot of action for our small UDW drilling specialist,
    PACD, during the next 4 months .....

    I know you follow several other drilling specialists, but I hope you will
    keep an eye on Beckett & Company and provide us here at SA with your analysis as events unfold with PACD. Although I thought the PACD stock
    price would have popped by now, I still feel PACD will be "much" higher
    by 12-31 ... based upon results and positive news on deals.

    BTW, Hedge, have you had a chance to look at RIGP ? To me, after
    only a quick review, RIGP looks like PACD (7th generation drill-ships)
    from Transocean, with long term (5 year) signed drilling contracts at
    lower than market day-rates (sorta like SDRL). Huge relative backlog
    and currently pays a dividend. If you get time, let us know what your initial opinion is on RIGP. Thanks
    Aug 30 05:55 PM | Likes Like |Link to Comment
  • Time To Buy More Pacific Drilling [View article]
    How does this relate to PACD ...?
    Aug 29 10:39 AM | Likes Like |Link to Comment
  • Pacific Drilling Second Quarter Results Show Growth Story Playing Out [View article]
    PACD's entire fleet of 7th generation drill-ships are built by Samsung.
    Basically PACD runs a fleet of "8 sister-ships". This will not eliminate
    but it will assist in reducing shake down period operating efficiencies
    difficulties that all drill-ships seem to experience.

    What was learned & developed for the P Khamsin BOP will be carried
    over to the P Sharav, for instance.
    Aug 29 10:36 AM | 1 Like Like |Link to Comment
  • Pacific Drilling Second Quarter Results Show Growth Story Playing Out [View article]
    The full $ 152 million dividend amount, that was recommended by the PACD Board, was approved by PACD shareholders during the recent summer PACD Annual Meeting.

    IMO, Beckett will provide all of the $ 152 million divided over 4 payments,
    as soon as the P Meltem maiden contract is signed.......
    ......and once the P Mistral contract extension is signed, the total 2016
    PACD dividend should be at least $ 175 million.

    .......PH, thanks for the strong PACD update.......

    Beckett has stated that the July 2014 revenue efficiency was "over 96 %"
    a good start for the third quarter.

    P Sharav, the 6th PACD drill-ship, commenced drilling operations on
    August 27th ........5 days ahead of schedule. A small but positive bit
    of good news for PACD.
    Aug 28 07:26 PM | 1 Like Like |Link to Comment
  • Time To Buy More Pacific Drilling [View article]
    In the current off-shore drillers segment, PACD will not realize its true
    stock worth. PACD is good, but as a whole, drilling contractors
    are worrisome.

    Would not buy additional PACD shares above $ 9.50
    Would aggressively buy under $9.30

    IMO, the big news that moves the PACD stock price higher is the terms of
    the maiden contract for P Meltem that must be signed by year end. Second
    will be the announcement of the PACD 2015 dividend per share amount.
    Third will be the contract extension terms for P Mistral with PBR.

    All of the above will work out well for PACD investors. 2016 dividend amount
    could be much greater than the $ 152 million announced for 2015.
    PACD signed backlog goes to $ 3.85 billion by 12-31-2014.

    I do think PACD does a SPO in 2016 or 2017 when they commit to 2 additional "post 7th generation" drill-ships out of Samsung Heavy

    PACD balance sheet & free cash flows "dwarf" SDRL's in quality, stability
    and safety.
    Aug 28 08:59 AM | Likes Like |Link to Comment
  • TJX Companies - Reassuring Quarter From This Long-Term Value Creator [View article]
    1416 ....

    Q2 European business helped TJX with 6 % growth ........however with
    the problems with Russia and the negative GDP metrics in the EU I don't
    know if I would bet that Europe contributes to future TJX success like it
    did in Q2 ......
    Aug 21 03:34 PM | Likes Like |Link to Comment
  • TJX Companies - Reassuring Quarter From This Long-Term Value Creator [View article]
    Yoyo

    JCP did OK..?
    From negative growth, near death experience....not relevant

    Kohl's has problems every other quarter, it seems. They need a mgmt change.

    Only real comparison for TJX is ROST....which reports tomorrow.
    Aug 20 04:18 PM | Likes Like |Link to Comment
  • Energy Transfer Rocks On... Reloads The Cannons [View article]
    Ray

    Seems like retail convenience gas stations are being dealt of late......

    Do you see ETP buying additional retail/downstream assets to
    add to the existing Sun/Suss base ? Maybe something in the west
    portion of the nation, to add geographic diversification ?

    Thanks again, Ray
    Aug 19 10:27 AM | 1 Like Like |Link to Comment
  • Energy Transfer Rocks On... Reloads The Cannons [View article]
    Ray

    Another clear, relevant & board overview of the ETP/ETE family. Your writing
    style makes its easy for me to breeze through your contributions, on a firm that
    is not the easiest to understand.

    Any comment on what could be next for the SUSS + Sunoco retail assets ?
    Will ETP hold on, add to or sell these.......

    What could cause a near/mid term downdraft in ETE unit price ? I would
    like to take a position....but its like "buying into UNP" not easy to do at
    current levels...!

    Best regards, Ray
    Aug 19 08:12 AM | 1 Like Like |Link to Comment
  • Whisper Number Impact: What To Expect From TJX Companies Earnings [View article]
    Can't see how TJX European operations will help provide a positive
    surprise for Q2.

    Is ROST a better Q2 bet since it has no EU exposure.?

    If TJX is close tomorrow, than bet that ROST will beat easily on Thursday.....
    Aug 18 07:29 PM | Likes Like |Link to Comment
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