"Life isn't about waiting for the sun to shine, life is about learning how to dance in the rain." - Anon
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shhhhhhhh
Are we all rich yet
EZ~ I'm still here and hold a position, just havent had much to say. I will agree however that things are starting to look up and I will be watching closely.
Total B.S. they just keep spending what they dont have at the shareholders expense. It would be one thing if they actually were making some money, very disappointed in this stock and Bob. He has repeatedly let us (the shareholder) down while he continues to live it up. I'm still holding but far from impressed!
I believe there is some validity in this reverse split, the subsea market is making a comeback and should only get better from here. The big question is how will dpdw react and better yet, prosper. Based on the last two PR's and hopefully many more to come we will start seeing the ramp up in deepwater firsthand. (JMHO)
This is the upcoming market gauge, keep your eyes on the prize.
THE LATEST WORLD Deepwater Market
Report from analysts Douglas Westwood
forecasts a 90 per cent growth in
deepwater expenditure between 2012
and 2016 as compared to the previous five-year
period, with a total of US$232bn predicted to be
spent subsea. In addition, Emerson expects the
number of new Christmas Trees coming on stream
each year to increase from about 280 in 2011 to
around 720 by 2016.
http://www2.emersonprocess.com/siteadmincenter/PM%20Roxar%20Documents/Flow%20Metering/Oil%20Review%20Africa%20-%20May%202012%20Article.pdf
The potential upside going forward has once again intriqued me, We may finally get a little justice around here. Gentlemen , start your engines and lets get ready to drill!
Ultra-deepwater drilling day rates back to 2007 peak
HAMILTON, Bermuda – Seadrill (XOSL:SDRL) has 18 new drilling rigs under construction in various yards. The program includes six new ultra-deepwater drillships, two ultra-deepwater semisubmersibles, one harsh environment jackup, four premium benign environment jackups, four tender rigs, and one semi-tender rig.
Most of the deliveries are scheduled for 2013 and 2014, with the latest due to be completed early in 2015.
The company says the worldwide supply of ultra-deepwater rigs (suitable for operations in up to 7,500 ft, or 2,286 m of water) continues to rise, with eight units ordered outside Brazil this year, compared to 23 units during the first half of last year.
Tendering and contracting for ultra-deepwater rigs remains strong, Seadrill adds, with day rates in the range of $550,000-$650,000, depending on location and contract duration. These levels were last seen in 2007, but this time around there are a growing number of majors and independent oil companies chasing suitable rigs.
The rates spike has led to longer contract durations and more favorable commercial terms and conditions for contractors, forcing oil companies planning future drilling campaigns to step up requests and tenders for available rig capacity. As a result, Seadrill is in discussions concerning ultra-deepwater rig availability in 2014 and beyond.
There also has been a trend for oil companies to take a more direct approach toward the rig owners, with the latter being unwilling to tie up their rigs in lengthy tendering processes.
With the tight supply-demand balance, several oil companies that have not secured sufficient rig capacity will likely have to postpone their field developments. This could have a knock-on effect on future production projections. Seadrill’s preference is for packaged deals like the one arranged with Petrobras in 2007, which included three rigs, each with six years employment.
The Gulf of Mexico, West Africa and Brazil remain the focus of Seadrill’s customers’ ultra-deepwater E&P activities. Recent successes in emerging plays such as offshore Mozambique, Tanzania, Israel and Cyprus will require even more ultra-deepwater capacity.
The market for premium jackups operable in water depths of up to 350 ft (106 m) is also strengthening, with increased tendering activity, higher day rates, and longer contract durations in most markets.
Over the past year, utilization of premium jackups has stayed consistently above 90%, and was at 98% early this month.
During 2010-11, contractors reactivated a large number of stacked units to take advantage of improved market conditions. However, the pace of reactivations has slowed in the last six months with a decrease in the number of units that can be brought back into operational condition.
This, allied to higher demand during the last two quarters, has put upward pressure on day rates.
Seadrill has identified 25 newbuilds set for delivery this year, slightly up on the average of 28 added to the global fleet since 2008.
The company expects day rates to climb by $20–30,000 over the next few months, with demand strongest for high-spec jackups in the Asia/Pacific region.
Drilling In The Gulf Is Back With A Vengeance
Read more: http://articles.businessinsider.com/2012-04-24/home/31391528_1_deep-water-drilling-bp-s-macondo-deepwater-horizon-drilling-rig#ixzz21DS6MmNh
April 21--Drilling in the deep Gulf of Mexico is becoming robust two years after the oil spill that prompted a six-month moratorium on deep-water exploration, but more of the work now is left to large companies.
Triple-digit oil prices are driving the activity, making it worthwhile to go forward even given the cost, risk and heightened government scrutiny of working in waters often a mile deep or more.
"We are seeing deep-water drilling coming back with a vengeance in the Gulf," said Dr. RV Ahilan, executive vice-president for GL Noble Denton, a technical adviser for the oil and gas industry. "The price is too big to ignore. People are quite keen and are booking rigs for long drilling campaigns in deeper drilling waters."
But while activity has resumed, it involves a smaller group of players with the deep pockets and deep experience necessary to navigate the complexity of the Gulf.
"It has always been dominated by the large internationals -- the BPs and Chevrons -- and in the future that is likely to be even more so," said Pavel Molchanov, an analyst with Raymond James. "They are really the only companies that can take on the liability risk of having a multibillion-dollar oil spill."
BP's Macondo well blew out on April 20, 2010, destroying the Deepwater Horizon drilling rig, killing 11 workers and unleashing an oil spill the government estimates at almost 5 million barrels.
Chevron picks up pace
In the aftermath of the disaster, the federal government imposed a moratorium on certain portions of the Gulf of Mexico. It lifted the ban in October 2010.
It was several months, however, before the government issued new drilling permits because applicants had to prove they could contain a spill. That hurdle created a drag on deep-water drilling, but operators say the permitting process had become less of a hindrance as it's become better understood.
The government awarded 163 deep-water drilling permits for the Gulf in 2009. The number dropped to 74 in 2010, but has climbed since then to 79 in 2011 and 44 through March of this year.
"Chevron's pace of drilling in the deep-water Gulf of Mexico is ahead of our pre-moratorium pace," said Steve Thurston, the company's vice president of deep-water exploration. "Before the moratorium, we had three drillships working in the deep-water Gulf. We now have four drillships working, and our fifth drillship will arrive at the end of April."
Tanzania to Offer New Deepwater Acreage
Date: Monday, July 16, 2012
printer friendly version
Companies wanting to get in on the natural gas discovery bonanza in East Africa will have a chance next year when Tanzania offers up additional deepwater acreage. The government plans to offer oil and gas blocks adjacent to where Anadarko and ENI have made significant gas discoveries offshore Mozambique.
The licensing round is expected to open on September 13 and offer up nine new blocks, one more than originally planned. Quoted in a Bloomberg report, Kelvin Komba, principal petroleum geologist at TPDC commented on the additional block “We figure this block, 1C, has more or less the same geology and structure as Mozambique.”
“If Mozambique is going to develop an adjacent block we want overlap so those operators can talk, cooperate together and share information,” Komba said.
The global tender being issued for the south-eastern blocks, known as 1B, 1C, 2A, 3A, 3B, 4A, 4B, 5A and 5B in water depths from 2,000 meters (6,500 feet) to 2,500 meters, will close May 2013. Tanzania’s last seven unlicensed offshore blocks, further off the country’s Indian Ocean coast in depths of 3,000 meters, will be auctioned at a later date, Komba said
Tanzania is not bereft of its own deepwater discoveries, BG and Ophir Energy have made a number of gas discoveries on their jointly operated acreage and Statoil and ExxonMobil recently announced a discovery of their own. More drilling by companies holding deepwater acreage is in the works and Petrobras out of Brazil is expected to spud on Block 6 before the end of the year.
Your absolutely correct , without PROOF of increased revenues (substantial increase) the stock price stays stagnant, dormant, stale, dead , frozen and so forth. Excellent company being built with tons of potential, now we need to start seeing fruits of the labor!
one word~ AGREED!
too funny, im sure there are some people looking to punch me in the face as well. I still have much faith in the future of this industry , just not sure on bobs business model. I have plenty of years to wait it out though , so lets go MMRF
I'm here watching, invested and very interested. I believe as the global economy continues to recover and heal that cemex will be on the cutting edge of that rehabilitation. After spending 20 plus years in the industry im excited to see the story unfold. I remember buying this beauty under 30 and remembering then what a deal it was.
Patience, very nice post!
lets all just sit back and relax , see where the day takes us. ahhhhhhhhhhhhh thats better.
Okay Mike, I'm awake. Lets see if this old dawg is ready to do some new tricks,congrats on the moderator job.
couldnt agree more
going back to sleep
Today's Top News
1. Meaningful Use payment volume steadily increasing
By Ken Terry Comment | Forward | Twitter | Facebook | LinkedIn
Preliminary data from the Centers for Medicare and Medicaid Services show attestations and payments for Meaningful Use of electronic health records, while off to a slow start, are starting to increase in volume.
Through July 31, 2,383 physicians and other eligible professionals had attested to meeting Meaningful Use requirements under the Medicare program, and 1,078 had received incentive payments, according to figures that CMS supplied to FierceHealthIT. One-hundred hospitals attested through July, and 66 received payments.
Under the Medicaid programs now operating in 23 states, CMS had paid incentives to 3,334 EPs and 199 hospitals through July 31.
Far more providers have received payments under Medicaid than under Medicare, CMS officials explained, partly because the Medicaid payments began in January in some states. In contrast, providers seeking Medicare incentives couldn't attest until April, and payments to them started going out in May. Also, providers don't have to attest to Meaningful Use in the first year of Medicaid incentive payments.
In total, CMS payouts under the Meaningful Use program are just under $400 million for the year to date.
The numbers of providers that registered for the Meaningful Use program were far higher than those getting payments. Through the end of July, 77,549 providers registered, including 75,720 EPs and 1,829 hospitals.
To learn more:
- read the Government Health IT story
Related Articles:
Physicians, patients find meaningful use successful, practices say
EHR waste: states pay millions in incentives without verifying
and your point is .... what
AUGUST 15
volume precedes price
good thing i dont have a passport, maybe ill have to go do a little compensatory take back at the motor sports store when i do get one. Number Saved!!!
You ban me to one post a day on MMRF board? A board I have been a part of for over 2 years and help to create and moderate? Because of one post to some simple simon whose posts are constantly Off -topic? I hardly call my post a personal attack either. I think we need to reevaluate what posts are within the guidelines. Just another reason why I wont pay for a premium membership anymore. UnbelievaBULL.
You just never stop reaching , do you? All your posts are dribble and open ended comments. For now on, posts facts or please refrain.
This goes for everyone here
I have had an account for almost 2 years, I believe its a great product
A little frustration is no reason to start stringing people up. I welcome some refreshment and may even volunteer to be on the board again as an assistant. We have to work as a team and show enthusiasm towards new investors, yes there are flaws here, but calling attention to every one of them isnt helping. Lets try to pick and choose which battles are worth fighting and move on. JMHO
and im only trying to spread the word on the company to fresh eyes.
This is all that matters!
No new money means we flatline, i personally welcome you to the board.
IM GONNA GUESS PRE MARKET OR EARLY MORNING-JMHO
sounds good to me
could be the perfect storm, if revenues come in as stated and pro hits in combination with some investor awareness and new money/interest, this thing starts heading for the teens again. JMHO and contingent on many things, let the games begin(heres your chance bob)
I wouldnt be surprised to find out that some here are behind the bid whacking themselves , trying to create a commotion while buying more shares all along. supposedly there are millions of shares being held here. Its a shame what is happening , this stock had BIG POTENTIAL
Tommorrow should shed a little more light on the subject,
The Company expects to release its first quarter 2011 financial results on May 16, 2011.
As far as MMR PRO is involved, May has not ended yet and has more than half of its month left.
Like we said in the corps, HURRY UP AND WAIT!
i have taken, a just watch and wait stance and would expect q/q to increase throughout the year and hopefuly we attract some outside investor attention.
Without new money coming in (the stock) we are screwed. So I will sit quietly and let the pumpers do their thing
ok, i'm confused
Im not gonna shoot you, hopefully Pro hits the streets and we start building up a little steam here. for now im going with the flow and seeing what kind of results the next few months bring
Lorsch grew up here in chicago and has many connections, he also just had a show here recently as well. could be some surprises in the making, I for one would welcome them. He also has ties with alexian brothers hospitals here as well.
Last week in Chicago, at the Microsoft Connected Health Conference, we saw first-hand how hospital administrators, physicians and healthcare senior managers were impressed with our PHR product. While in Chicago, MMR made a number of one on one institutional presentations and also hosted an investor lunch, which was attended by existing shareholders, brokers and market makers, as well as Blue Cross, to learn more about the Company and its products and services. The presentation lasted over two hours, until I had to leave Chicago and fly back to Los Angeles for Kira's and my part in Chairing The Thalians Gala, which MMR helped sponsor.
Bob and alexian
http://www.alexianfoundation.org/About/CapitalCampaign.aspx
I am not gone
It was a commercial that came on during a movie i was watching, my son said he sees them on that channel all the time , was the first time i ever saw it
was the same commercial as on their website and saturday at 1 in the afternoon in chicago is prime as far as im concerned
http://abclocal.go.com/wls/index
with chicago probably coming in as the 3rd largest city in america with over 3 million people in the city alone, ill take it.