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Ranting can be a good thing, I don't think I ever knowingly try to censor others as I recognize they are probably doing their best to continue living the best they can. Still, rants come into the picture when we feel compressed and not allowed to be our natural, honest selves.
The situation you've described is not one I could accept. I'd be out of there despite difficulties associate with changing one's domicile. In various ways, each of us makes decisions as to how his/her environment meets our minimum daily requirements. This is routine garbage we all encounter from time to time. But you've got an ongoing predicament I personally would find unacceptable.
At my age (77), I wouldn't dare upset the balance, too many potential health risks might occur, leaving my wife at greater risk. You may face some issues not unlike my own. Any number of things could prevent you from leaving Canada.
Still, you appear to be stuck in a painfully lopsided situation and I feel for you, big time.
Thanks.
I got the best possible exemple.
I just made a search for booking a flight from Edmonton to Vancouver and from Edmonton to Las Vegas. 1.5h trip vs at least 5h trip. Both dates are leaving October 17 and coming back October 19.
Edmonton to Vancouver round trip is 316.31$cad and Edmonton to Las Vegas round trip is 373.52$cad!
And that was very quick without trying to look for the best price and date.
That’s the issue we have here in Canada. Our rule of thumb is if we travel it’s cheaper to go out of Canada that travel within. Air canada rip us off big time and there’s nothing we can do about it because that’s how the whole government is built by ripping us off.
We have no power at all so we get ripped off by all the major institutions.
Air canada provide the worst service i have ever seen but at the highest price possible. Flying is so expensive within Canada that a lot of family are forced to only see each other once a year or once every few years. Its sad because it’s all very bad for families.
No one talk about it because the government keep it quiet. News are censored here and i noticed that a lot when I switch VPN from google.ca to google.com.
A while back I was in USA VPN looking at news from USA on google.com and noticed news about a whole lot of people in the UK that had been arrested for sexually exploiting a lot of girls. The news was absolutely disgusting but true. You could see all those evil vilain pedophile/rapist faces and I was completely shocked by how evil they were.
I then turned off my USA VPN and went into google.ca and couldn’t find a single news about these horrible individuals rapist. I started searching by keywords newcastle uk rapist and still couldn’t find anything.
And that is part of a much bigger problem here that infuriate me. The Canadian news are extremely bias filled with suggesting messages and with a huge lack of transparency which is why I’m forced to use VPN to “travel” out were the news get real.
Why did the Canadian news avoid to mention the uk horrible and absolutely abhorrently evil newcastle rapist news is because the government does not want to influence citizens regarding the viciously pervasive issue that is currently destroying from within UK, France, Germany, Sweden.
But Canada is a British and people here are really starting to worry that what happens in Europe is coming here(already is) but the news outlet keep covering up everything related to it which unfortunately is exactly what Sweden did and now they are done with sadly.
So when you say that Ameritrade is awesome my mind fly right out and it forces me to see why and why is Canadian broker rip us off. The feeling it give me make me wonder how free we really are.
In USA people sue all the time for absolutely everything but I almost never hear of people suing because if you sue here you have everyone against you and institutions will use news outlet to brainwash people.
Not long ago I could have sure a major Canadian institution. In the USA someone in my position would sue for millions $ but here I have absolutely no hope unless I can afford the best lawyers and have millions in bank to fight the major institutions that blatantly did me wrong many time.
Suing give a lot of power when it’s accessible to all citizens like in the USA and its used to force institutions to change for the greater good but here in Canada that power is almost non existent.
I must say you definitely lifted opened a can of worm that I try the best I can to keep shut in order to maintain what’s left of my sanity.
If I fixate too much on this I will end up moving out of here... which has been in my mind for some time now. New Zealand sounds about right.
Rant as you please. I'd be beyond furious if I had to live under those conditions.
Thanks I appreciate it but as far as I know all Canadian broker charge for L2. Like I said before USA citizens get real good deals everywhere be it super fast and dirt cheap shipping to cheap air travel to Free L2 and great service.
In Canada we get ripped off a lot in many things I really shouldn’t think about it too much because it’s so frustrating. I think all Canadian online brokers are all in together with charging for L2 and lives streaming. Very little population in Canada compared to USA and financial institutions use that in their favour.
I called Ameritrade a while back but they told me its only for USA citizens. I called the Canadian TD online broker and suddenly there’s all those fees coming out of nowhere just because.
I pay 42$Cad per month for 1gb data for my phone with 500 minutes Canada wide call and that’s supposed to be a great deal.
I pay between 5-10$usd per trade with Questrade (cheapest in Canada).
I pay 45$cad for 24 beers.
Sorry there I’m getting overwhelmed by thinking about how we get ripped in Canada compared to USA citizens.
Traveling by plane across Canada is extremely expensive and easily goes above 1000$cad for a 1 person round trip. Its so bad loads of people will usually drive across Canada instead of flying to avoid getting ripped off by air canada and westjet.
Canadiens internet providers, air lines, financial institutions and so in are all in together to rip Canadian off.
Think about it this way.
USA has a lot of population to help keep control over big institutions(fees, deals, discounts and so on).
The very low population in Canada make us basically insignificant in the face of big institutions that can come up with whatever high prices they can think of.
Do cherish your Ameritrade account because you can.
Ameritrade doesn't charge for level II nor for streaming live quotes. I'm really surprised that any brokerage would be able to exist while denying clients these basic needs.
Get away from your abusive brokerage! They are so stupid by denying you basic tools, they limit their own opportunities to encourage trading.
Ameritrade is so helpful, you will not feel stranded. If you have difficulties, reach out here or approach me via the ALDW or NGL boards.
Thanks Jugs, I appreciate it! Unfortunately I did get mishandled a lot by Questrade but I think now I have learned enough to know that TD is the way for me.
I once called Questrade about a problem and spoke to 3 different reps and got 3 different answers. I got the problems solved by asking a supervisor to help me. I think they hire very inexperienced people unfortunately. I have to pay for L2 a lot of money as well and also have to pay for live quotes streaming.
Thanks again for sharing your great advice to me!
Thanks for the great info. I have been thinking about moving to TD broker for a while rather than Questrade which really is disappointing. I guess you just tipped the scale toward TD even more!
20 min delay sounds nasty but at least it didn’t allow algos.
Massive changes are taking place, too early for me to place any bets. I'm expecting a lot of shaking out before there are any certainties in the space.
Thanks Jugs getting back on topic here I am seeing a turn around with SDLP starting to look like it is headed in the right direction?
Still is a cautious wait and see mode but seems to be headed higher in the near term.
Any thoughts?
You've really stepped up to the plate to help someone. I love seeing this happen on a message board.
I am with Jugs switch to TDameritrade. I have been with them for over 30 years. Originally I was with a firm called National discount brokers back in the 80's when a discount trade was 25 dollars and you relied on a 20 minute delayed tape and a telephone to place your orders!
TD bought out National discount and took over my account. Back then they were based out of Toronto I believe? I have never had a problem with them that couldn't be resolved.
Their largest share holder is Toronto-Dominion Bank thus the TD!
Now they are taking over Scott Trade and working there way to becoming the Number One online Brokerage firm!
https://en.wikipedia.org/wiki/TD_Ameritrade
TD Ameritrade is a brokerage firm based in Omaha, Nebraska. The letters TD are derived from Toronto-Dominion Bank, the largest shareholder. The company provides services for individuals and institutions that are investing online. The company offers an electronic trading platform for the purchase and sale of financial securities including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments. It also provides margin lending, and cash management services.
Here is what [SDLP] posted in their PR:
In April 2017, we deferred distributions to common unitholders pending completion of this transaction and we will resume distributions at the same level as prior to the deferral.
We have therefore declared a quarterly cash distribution with respect to the first and second quarters of 2017 of $0.10 per unit for each quarter. This cash distribution will be paid on or about September 5, 2017 to all unitholders of record as of the close of business on August 29, 2017.
http://www.seadrillpartners.com/investor-relations/news-releases/pr-story.aspx?ResultPageURL=http://cws.huginonline.com/S/155503/PR/201708/2127703.xml
Nobody deserves to be manhandled in that way!
I'm in the US but use your homeland company---TD Ameritrade. I NEVER have problems!
If you do, then maybe you are part of the problem? Why don't you move over to Ameritrade?
You will be appreciated elsewhere, but obviously not where you are. Move!
Your experience upsets me. You have every right to expect far more than you're receiving. I wouldn't play the game, I'd move and move on.
Please consider this before you go through more of this ugly abuse.
Addendum: I just checked at Ameritrade and they show September 1st as the Ex. day. Find out what the pay-date is as that will tell all.
That is what I’m trying to figure out, did they really change the ex date or is it an error? I think its an error. How can the ex date be after the record date?
Looks like they did change it. Here is what my Tdameritrade account say:
Ex-dividend date
Amount
Record date
Pay date
September 1, 2017
$0.20
August 29, 2017
September 5, 2017
I sold it on August 24 myself(post is still up for reference) because I was up enough not to be concerned about the dividend thinking 9/25 was X date.
It was a double dividend for two quarters probably the reason for confusion and change?
Thanks for the reply. I did contact Questrade and they told me the ex dividend date is September 1 which is wrong so I contacted them again last week and have been waiting a whole week for them to tell me that sdlp told them they had changed the record date from August 29 to September 6.
But they can’t just change the record date like that without warning us so I don’t believe that sdlp did changed the date or had the right to change the date if they did.
Unfortunately I’m in Canada and we don’t get real like you guys in the USA. I have to do all the work to get my dividends otherwise they will never give it to me.
Btw Questrade staff are quite incompetent most of them and I talk from experience which makes this more frustrating than it should.
You are correct. You must call your brokerage to repair it.
I've had this problem a few times. Calling my brokerage (Ameritrade), I told the representative that an apology wasn't enough, that I wanted some commission-free trades. He happily offered ten or fifteen and I doubled the number, figuring he could counter with something more reasonable. I made out like a bandit and the broker was glad to clean things up.
You won't have any trouble as this is a brokerage responsibility. You should not be going elsewhere to resolve it as only the brokerage is positioned to manage this issue.
Good luck!
I need help getting my dividends please. Sdlp record date was August 29 which mean that the ex dividend date was August 25. Nasdaq says the ex dividend date was September 1 but that is wrong, it can’t be after the record date.
Help please
got a couple dividend payments over the past few weeks, nice to see them again
You've done exceedingly well. Bravo!
With units up 27 cents today, giving up the dime is a no-brainer. And we have to assume there's going to be a selloff at the end of the day or, at the least, at the opening tomorrow and then beyond.
Out @ 3.65 Man I love my ameritrade think or swim screen! Nice four day scalp banked twice my plans so it didn't pay to go through the divvy and worry about the price drop!
Its on to greener pastures! looking at either NGL or NS both just paid there divs so plenty of time to cherry pick my entry!
I'll visit you on the NGL board soon!
Hogs get slaughtered, remember?
If you accept less than the 68 cents/unit, you'll be positioned to take advantage of a low price in NGL which is greatly undervalued.
Many times I've disregarded a pending distribution to take advantage of the elevated valuation coming my way because of hunter pursuit and sold out the eve of its going ex. But when there's a big amount of cap. appreciation PLUS opportunity to reapply the funds towards something way under value? Sometimes we can say "Excuse me." and mean it before the fact.
I'm waiting for NGL to hit different price points with two orders in as of this writing for low-ball prospecting value. My plans are laid out at the NGL board.
Keep us posted as to how you handle things. Always interesting and fun, too.
I doubt you'll get your price. I'd sooner expect short termers to sell off in the closing half hour, knowing there's little point in holding on once it goes ex-D. However, you know what you're doing so have at it.
Hey thanks for the input! I did and do like the history of the every increasing dividends and I would never put all my eggs in one basket. I will take your insight and keep it in mind though.
I put a sell order in for SDLP today at 3.70 just in case. It would give me a clean scalp of .68 far more than the .20 div. Probably won't go but hey you never know the way they are bidding this up today.
I will do some more homework on NGL if SDLP goes today or soon for that matter I will have fresh funds looking for a new home!
Happy trading!
Thanks for the recognition, always appreciate two-way discussion focusing on reality. I know you're the real thing as you go after opportunities for regular income and not merely to play the odds.
I'm not ever going to place funds into Icahn's hands to use for manipulation. $1.50 is nice but can never be guaranteed. I know history makes it look favorable but there's no future in history, right?
12% yields are also nice but they don't compare to the 116% from NGL which I continue to accumulate. And because it's so undervalued, it adds up to a very compelling play in terms of continuing distributions, increases thereof and a rising overall valuation if only to bring the unit price in line with the sector as a whole.
Most of my ALDW distribution will be going into NGL as it's greatly undervalued in my opinion.
And ALDW will probably drop back a ways now that the distribution is a done deal and we have to wait 90 days for the next opportunity. That translates into likely opportunity to add new units to older positions in ALDW so I'm in the hunt.
Happy hunting! And don't trust too much of your estate to the likes of one selfish, manipulative dude, regardless of his incredible wealth. He didn't become a billionaire by being nice to kitty cats.
Prrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!
[SDLP] Printing 3.64 today looks like investors are OK with the News! We'll see if it holds with X Date tomorrow..
Financial Results Overview
Total operating revenues for the second quarter were $267.9 million (1Q17: $327.5 million). The decrease was primarily due to the West Aquarius earning a lower day rate on its new contract and lower termination fees relating to the West Capella, partially offset by a full quarter of operations for the West Vencedor.
Total operating expenses for the second quarter were $186.3 million (1Q17: $175.4 million). The increase was due to a full quarter of operations for the West Vencedor, re-commencement costs for the West Capricorn prior to the unit returning to operations and higher general and administrative expenses related to costs incurred as part of the recently announced amendments to three credit facilities.
Operating income was $81.6 million (1Q17: $173.4 million). The decrease was primarily due to lower revenues, higher expenses and a fair value gain on the revaluation of contingent consideration on the West Polaris in the first quarter not being repeated in the second quarter.
Net financial items resulted in an expense of $57.3 million (1Q17: expense of $46.1 million). The main movement related to a higher loss on the mark to market valuation of derivatives of $16.7 million (1Q17: loss of $6.2 million).
Income before tax was $24.3 million (1Q17: $127.3 million). Income tax expense for the second quarter was $7.7 million (1Q17: $20.4 million).
Net income attributable to Seadrill Partners LLC Members was $11.7 million for the second quarter (1Q17: $56.8 million) and distributable cash flow was $32.7 million (1Q17: $68.9 million).
In April, Seadrill Partners deferred distributions to common unitholders until an agreement was reached with its lending banks to insulate itself from potential events of default by Seadrill Limited should Seadrill Limited require the use of in court processes, such as schemes of arrangement or chapter 11 proceedings, to implement its restructuring.
The recently announced amendments to three credit facilities have successfully insulated the company as well as addressing near term refinancing requirements and distributions will be resumed at the same level as prior to the deferral. A quarterly cash distribution with respect to the first and second quarters of 2017 of $0.10 per unit for each quarter will therefore be paid on or around September 5, 2017.
Seadrill Partners 2Q 2017 Fleet Status
Seadrill Partners 2Q 2017 Results
http://ih.advfn.com/p.php?pid=nmona&article=75510886&symbol=SDLP
Hey Jugs always fun to hear your review of these stocks this divvy for SDLP is for two quarters as far as I understand:
Good to hear back from you, always fun discussing stuff with others.
My biggest issue with SDLP is that I doubt it will hold up well whereas it's obvious ALDW is managing nicely so far. Some of these MLPs live and breathe on the backs of their distributions. In fewer instances, though, a good one will be a launch point for those wishing to become longs. I've been expecting as much in the case of ALDW.
It remains to be seen if I'm calling it right and for that reason even I am not ready to commit more cash to it. NGL---That's a different story given that everybody knows it was unreasonably beaten down.
In short, I think it would be reasonable to expect to find SDLP drop more than the amount of the 10 cent distribution. And it will drop still more as people realize there's nothing to hold the unit price aloft for ninety more days. And even then it's only a thin dime.
ALDW might pay about a half dollar next go-round. NGL is certainly good for at least the announced 39 cents.
These are fascinating times for us oil and gas folks.
I totally agree on a long term investment. I just took a short term
position at 3.10 for the double divvy as I have been watching it since I sold my small position a few months back.
It has risen faster than I anticipated this week so I am just going to take the dividend and look to sell in the near term.
I am treating it as a short term trade for now not an long investment. I also have ALDW and look forward to the dividend tomorrow!
A yield of around 11.5% is nice but given the company's vulnerabilities in other areas has me thinking it's not a wise choice for me at this time. NGL is offering about 17%, ALDW is also a high yield payer. Each is a domestic GOING concern without threats common to SDLP's history over the last couple of years.
Added to the above is the likelihood that those with large positions most likely have been holding on through the turmoil getting in the way due to connection to the General Partner's reach. I know there's been a declaration of sovereignty but the potential for disaster hardly ends with it. This implies that significant holders have already suffered losses and now much backpedal if only to regain lost turf.
All of these things should be real restraints for an investor considering jumping on board now.
SDLP having a strong week leading up to the double quarter X Date on Friday!
In April 2017, we deferred distributions to common unitholders pending completion of this transaction and we will resume distributions at the same level as prior to the deferral.
We have therefore declared a quarterly cash distribution with respect to the first and second quarters of 2017 of $0.10 per unit for each quarter. This cash distribution will be paid on or about September 5, 2017 to all unitholders of record as of the close of business on August 29, 2017.
http://www.seadrillpartners.com/investor-relations/news-releases/pr-story.aspx?ResultPageURL=http://cws.huginonline.com/S/155503/PR/201708/2127703.xml
You asked, I'm going to tell it like it is:
You didn't get taken in by the distribution. You were ruined before you ever bought it---because you didn't know what you were in for.
Plain and simple---they last paid out a distribution in November of 2015. That's just about two full years ago! That means that quarter after quarter after quarter after quar................................
Get the idea? You stayed put without any reason whatsoever! There was no certainty. No reason to expect things to turn around soon or later or whenever! You let go of your investor's sense of responsibility and failed to do anything. When we take no action, we fail ourselves, our families and friends and our own integrity.
This is your moment to eat sh-t but you've got to do it and do it now so that you can find your way back to self confidence. This pigshit has to be dragging you down and you know you're better than this. That's why you're reaching out to me now. That tells me you're built for far better moves.
Get out of this dog. You don't mention details such as your buy in cost, your cost basis if you added shares, why you stuck around when they discontinued paying a distribution... you provide no info. But I can see in a heartbeat that you held on as though expecting a turn around.
The longer you wait, the less opportunity your money has to add to your wealth.
I advised way back for folks to get out of SDLP. That proved to be more sensible than even I could understand at the time. Now, of course, I'm glad I saw things well enough to help others ease out of painful losses before they could rack up.
Look at the latest quarterly statement. Clearly the company is losing money steadily. I see no relief in sight. This is a very small company. I'm not seeing much of an opportunity here for the company to prosper. As for the unit holder profiting from ownership? I don't see that because I don't see the company figuring out how to make things work.
Get out of this thing!
I'm sorry if I bruised your feelings but I think these things had to be voiced. And you need to hear them.
Let me know what you do, please.
You asked, I'm going to tell it like it is:
You didn't get taken in by the distribution. You were ruined before you ever bought it---because you didn't know what you were in for.
Plain and simple---they last paid out a distribution in November of 2015. That's just about two full years ago! That means that quarter after quarter after quarter after quar................................
Get the idea? You stayed put without any reason whatsoever! There was no certainty. No reason to expect things to turn around soon or later or whenever! You let go of your investor's sense of responsibility and failed to do anything. When we take no action, we fail ourselves, our families and friends and our own integrity.
This is your moment to eat sh-t but you've got to do it and do it now so that you can find your way back to self confidence. This pigshit has to be dragging you down and you know you're better than this. That's why you're reaching out to me now. That tells me you're built for far better moves.
Get out of this dog. You don't mention details such as your buy in cost, your cost basis if you added shares, why you stuck around when they discontinued paying a distribution... you provide no info. But I can see in a heartbeat that you held on as though expecting a turn around.
The longer you wait, the less opportunity your money has to add to your wealth.
I advised way back for folks to get out of SDLP. That proved to be more sensible than even I could understand at the time. Now, of course, I'm glad I saw things well enough to help others ease out of painful losses before they could rack up.
Look at the latest quarterly statement. Clearly the company is losing money steadily. I see no relief in sight. This is a very small company. I'm not seeing much of an opportunity here for the company to prosper. As for the unit holder profiting from ownership? I don't see that because I don't see the company figuring out how to make things work.
Get out of this thing!
I'm sorry if I bruised your feelings but I think these things had to be voiced. And you need to hear them.
Let me know what you do, please.
Jugs: Do you have any opinion on SXE? I got succored into the big dividend.
Close to what? I'm not understanding something.
Is one dollar your target?
And will you be a buyer at that price?
* * $SDLP Video Chart 08-17-17 * *
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I view this as totally absurd as it is based on variables that make it a moving target.
The energy world as we have known it in recent months and even years has found itself embroiled in the worst of situational characteristics not to be denied. I don't believe there's any rational argument for sitting around while entrusting others with your money---all for the promise of a distribution that may not come, reduced again and again, if ever.
Drillships are being warm stacked, cold stacked and stack-stacked (lol) so often as to make any thoughts of reliability on the contract side truly ludicrous. At least we can eat a stack of pancakes.
Using past distributions in the name of constantcy aka reliable payouts is beyond absurd, it is actually stoopit!!! If there's anything good to come of this article it will come from good people finally learning something important:
There ain't no future in history!
And furthermore---from the analytical disclaimer:
AnalytixInsight is not a broker dealer, does not make markets in any security, and has no investment banking services. AnalytixInsight, its employees, officers, directors, or affiliates, may, from time to time, have long or short positions or holdings in the securities or other related investments of companies mentioned herein. No AnalytixInsight employee, officer, director, or advisory board member serves in a similar position for any covered company. No one at a covered company is on the Board of Directors of AnalytixInsight or any of its affiliates. Neither AnalytixInsight nor any of its employees owns shares equal to one percent or more of the company in any report.
As for comparing to RIG, Seadrill, etc.? Insane, absolutely insane. Yeah, let's compare apples to apples and oranges to oranges. I get it---it's not as though anybody's comparing apples to oranges, right?
WRONG!
Any one of these companies can go down quick as a wink. Sure, we can debate coverage but if the BOD says, "No mas!"---where's the coverage gonna mean something?
Public companies have a fiduciary duty coming way before any other corporate mission mumbo jumbo--- IT MUST PRESERVE THE CORPUS.
That means it must survive, no matter what.
It also means the parents get to eat before showing concern or even regard for the kids. When a BOD is threatened existentially, it will go into hibernation. Owners on the retail side would do well to seek nourishment elsewhere---and, at the very least, not subscribe to gibberish such as this article portends as rational.
I'll betcha somebody is getting paid to promote this garbage.
There are so many fine opportunities out there! Why settle for this nonsense? Four units of SDLP will buy a unit of NGL sporting a solid payout with seven analysts voting for the buy side. I'm sitting on a $37,000 profit at this moment.
ALDW---you can buy a unit for just over two SDLP tickets. It's been a consistent payer albeit on a variable basis. But it consistently pays and we don't worry that Mom and Dad will forget to feed us. I've got $32,000 in gains sitting on the table.
CEQP---a 2.5 bagger for me and it's been pegged to rise to $40 near term. AMZA, and a bunch of others---these are all available to the astute investor unwilling to heed advice from promoters.
Ughhhh! I hate The Cube for its high-flying bullshit. I'm convinced it's all about paid promotions. It comes down to the premise as in:
4+4= 10?
Yeah, sure!---but only when 2+2= 5.
A faulty premise will make anything look good.
Some will look for the cheapest tickets out there and then delude themselves in an effort to believe in their fantasies.
SDLP has yet to demonstrate the ability to achieve organic growth and development over the past couple of years. Each of the above mentioned companies is alive, breathing, screaming for more respect and each has my money working for me and not The Cube.
So much for my rant of the day, I guess.
And furthermore.......................
Dang, double dang and damn!
ARRGHHHHH!!!!!!!!!!!!!!!!!!!!!!!!
And from the article's disclaimer:
AnalytixInsight is not a broker dealer, does not make markets in any security, and has no investment banking services. AnalytixInsight, its employees, officers, directors, or affiliates, may, from time to time, have long or short positions or holdings in the securities or other related investments of companies mentioned herein. No AnalytixInsight employee, officer, director, or advisory board member serves in a similar position for any covered company. No one at a covered company is on the Board of Directors of AnalytixInsight or any of its affiliates. Neither AnalytixInsight nor any of its employees owns shares equal to one percent or more of the company in any report.
Think about that---an employ can own one percent of this $335 million dollar company. And they think of it as being nothing?
I wanna live in a world of zeroes too!
Analysis is based on comparing Seadrill Partners LLC with the following peers – Seadrill Ltd., Diamond Offshore Drilling, Inc., Ensco plc, Rowan Cos. Plc Class A and Transocean Ltd.
Seadrill Partners LLC’s dividend yield is 16.02 percent and its dividend payout is 38.94 percent. This compares to a peer median dividend yield of 0.45 percent and a payout level of 0 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 92 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.
http://www.capitalcube.com/blog/index.php/seadrill-partners-llc-sdlp-us-dividend-analysis-november-07th-2016-record-date-by-the-numbers-january-5-2017/
SDLP rose today, a bit more than 3.5%. That would ordinarily strike me as a noteworthy gain. Unfortunately it isn't!
For this company and others of like type, it's all about contracts. A new contract and the whole world is abuzz, positing it means all is well and there's absolutely nothing to concern us. Yet what you're hearing is the manipulative hue and cry of market manipulators and nothing more.
You see, if you dig more deeply you'll find warm stacked drill ships idled and perhaps a cold stack play too. More of a concern, though, is that where there are warm stacked vessels, there's a greatly enhanced possibility if not likelihood that warm will soon cool off and become cold. And in the case of the new contract (Shell, right?), the day rate is terrible! As in really awful!!! There'll be no money made on this new deal.
So we are essentially right back where we were a few weeks ago except that now we know not to expect the world to change overnight.
And should anybody be doubting the veracity of my stance, the fact is that SDLP did not move in lock step with other gainers in the energy sector. It need not reflect so, but if would be welcome for all were we to find SDLP move up 4% or more in a single day. And then we need to see it as the first of a number of sustaining steps to the upside.
I could believe it happening but just not yet. I'm, thinking there've got to be some things happening before the investment community will actually believe there's hope for offshore.
So, for now.......we wait and hope and wait. But we don't allocate fresh cash until there are firmer details justifying investment.
Yup that is why my risk is rather low, almost minuscule by comparison....
2k over at hdyn invested and 7k here which at this moment is sitting at about 100% gain... Should I sell those gains... This weeks trades will likely push me in the right direction but I am leaning toward taking the money off the table here, and returning if it appears later on to be worthy. I am working on April 2018 now so SDLP just became low hanging fruit. Should it climb a bit for sure! GLTA!
Thanks, Pete.Something I find interesting is that it is not easy laying out perspectives running contrary to popular sentiment when you dont have a position. It becomes so much harder to know deep down that
I am being fair to position holders as well as the company itself as a prospect.
The Ghana unplugging damaged HDYN, I am convinced. Before that it was Tullow worming out. I've seen big deals hinge on a handshake in the oilpatch but we don't often get to witness the backsides. We just did.
There's still room for more of the unexpected. We've got to keep our guard up on these ultra high risk plays and not be caught asleep at the wheel.
Clever man!
lol
Great direction, yes. But it doesn't necessarily lead to an environment better for offshore drillers or logistics companies; also, as oil rises, gas will be compressed and compromised.
We need to be careful of what we prEy for. lol
I maybe getting to your level from my 1k shares... content to watch till just b4 EOY. Freeing some cash then in final balancing act for 2016. Carrying forward about 15K for expected gain in 2017, concluding the 15k is dead money and paying a paltry 2% annualy in the former mlp pipeline giant from distant past. We are headed in a great direction and talk is watch out for reality to set in against current exuberant rally. It was time to release some pent up anxiety and maybe a bit over the top here... 20k dow?
Sitting with 1,500 sh of HDYN. I expect to hold until past drilling and go down with the ship.
I rarely hesitate when I know how fortunate I am. When I cashed out it was with a 92% gain. That moment may have gone but this one is ripe for the plucking today.
Over ripe, maybe.
Do it!
OPTIMISM... This article says its an optimistic tide that lifted boats, but the counter point from analysts is included. Monday may be the rotation out of this with a nice 101.35% gain for 2016.
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We are a growth-oriented limited liability company recently formed by Seadrill Limited (NYSE: SDRL) to own, operate and acquire offshore drilling rigs. Our drilling rigs are under long-term contracts with major oil companies such as Chevron, Total, BP and ExxonMobil.We intend to grow our position in the offshore drilling market by continuing to provide excellent service to these customers with our modern, technologically advanced fleet.
http://www.seadrillpartners.com/
Semi-submersible rigs consist of a deck containing the working areas and equipment and the living quarters, supported by a hull which consists of vertical columns connected to horizontal pontoons. Such rigs operate in a 'semi-submerged' position, with the lower hull ballasted down below the waterline. In the case of a dynamically-positioned (DP) semisub, the rig keeps station over the wellhead location by means of a computer-controlled thruster system. In the semi-submerged position, it provides a stable platform for drilling, due in part to its wave transparency characteristics at the water line. The 'generation' to which a semi sub belongs is often given - this indicates the period when the rig was built and, to a certain extent, its water depth and deck-load capabilities. The latest rigs are sixth-generation. A semi-submersible rig with DP capability can drill in conventional, deep and ultra-deep waters.
Jack-up rigs are mobile, self-elevating drilling platforms equipped with tubular structure legs that are lowered to the sea floor. Tugboats tow a jack-up rig to the drill-site as a vessel, with its hull riding the sea and its leg raised. At the drill-site, the legs are lowered until they rest on the seabed and jacking continues until the hull is elevated above the surface of the water. Drilling operations can then begin. When they are completed, the hull is lowered until it rests in the water, the legs are raised and the rig can be relocated to another drill-site.
Self-erecting tender rigs allow for drilling operations to be performed from a wellhead platform without the need for a permanently installed drilling package. The tender is moored next to the platform where wells are to be drilled and the modularised drilling package is lifted onto the platform. Drilling operations are supported by facilities on the tender, including storage for drilling supplies, power generation facilities for running the drilling equipment and well completion equipment. The tender also has living quarters and a helicopter deck. Tender rigs are either barge-based or have semi-submersible hulls. Both carry the same equipment, but the semi-submersible rig is able to operate in rougher weather conditions.
Self-erecting tender rigs allow for drilling operations to be performed from a wellhead platform without the need for a permanently installed drilling package. The tender is moored next to the platform where wells are to be drilled and the modularised drilling package is lifted onto the platform. Drilling operations are supported by facilities on the tender, including storage for drilling supplies, power generation facilities for running the drilling equipment and well completion equipment. The tender also has living quarters and a helicopter deck. Tender rigs are either barge-based or have semi-submersible hulls. Both carry the same equipment, but the semi-submersible rig is able to operate in rougher weather conditions.
Ex-dividend date | Amount | Record date | Pay date |
---|---|---|---|
February 3, 2016 | $0.25 | February 5, 2016 | February 12, 2016 |
November 4, 2015 | $0.5675 | November 6, 2015 | November 13, 2015 |
August 5, 2015 | $0.5675 | August 7, 2015 | August 14, 2015 |
May 5, 2015 | $0.5675 | May 7, 2015 | May 14, 2015 |
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