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From what i have read they are shutting down Stathydro gas plant for upgrades and servicing. I wonder what effect if any this will have on the LNG shippers...?
I didnt actually see it. It sounds right on the money though. Bankruptcy protection is supposed shelter the party from those types of tactics. Notifying the creditors such as suppliers could cause the suppliers to ask for payment up front which could cause the company to run out of cash. Its serious breach of protocal especially with a court case looming. Chag may just have a counter suit in which case they may both cancel out with payment of monies owed. Thats my bet... Then uplist...
Looks like a "perfect storm" for rates to climb straight through the roof. I hold Golden Ocean and Paragon and am looking forward to some very nice returns... Lets keep our fingers crossed....
Probably trying to cover their shorts. They have to cover them now. So they play these games...
Dock has been doing really well. I have been watching this stock very carefully. You were absolutely right about it. Hit it right on the head.....
Joe
Looks like Golar has some big things in the future. Every brokerage has Golar as at least a buy or a hold. Its commonly believed that LNG consumption worldwide is going to increase dramatically once the infrastructure is built up to handle it. Once that happens GLNG is going to be a huge participant and way ahead of the curve in that energy sub sector. That day may be coming sooner than later....
DEESC looks like its starting to move again. I think big things are coming down the line for that co. Looks like JF is making a big move on the TUI board. The only obstable left for him is the Russian guy. We will have to see what happens there... I pick JF....
Thats wild a ten year rate. Thats amazing what company got that contract Dryships?
Thanks Buddy,
I appreciate it. I will check that out asap...
Joe
Xanadu,
I have heard of this company before. Its only 2.15 cents a share. That sounds pretty cheap for a company like this. I am amazed at the information you have. Once again thanks for the great info....
Joe
Tommy Two Times told me that one. He does everything twice... !
He didnt have to tell me twice. Thats just one of those things you remember the first time. You see if a company is bad enough to go under it goes under. If its going to succeed it actually succeeds. It really dosent matter why. Lets face it if oil was 35 dollars a barrel it wouldnt help us much. The fact is its 120, call it luck or whatever you want! Id rather be lucky than good...!
A very wise man told me once a company is kind of like a wheel. This wheel is rolling already. The hardest part is already over with.
Everything is under control. You almost have to laugh we have come all this way and all we have to do is just sit back and wait. We are in for a penny in for a pound at this point. Kind of like skydiving we are already out of the plane at this point. Its going to be smooth sailing boys... !
Xanadu,
Im starting to think that FRO and GO are going to have really nice dividends. I dont own any NAT but it sure is a good sign ....
Xanadu,
Looks like we are in for a nice run here. Everyday i check the BDI and the whole index is up. Especially the capesize index. Judging from the divi's i see from Genco and PRGN although i dont own GNK i do have some PRGN. I think we may be in for a good suprise with GO. Every day FRO is going up nicely. Its contrary to all the reports i have read that said shipping supply was going to outstrip demand this year i think after the accident in Korea all the producers want double hulled tonnage. Add to the the conversion of single hulled tankers into bulk carriers and that must explain it along with the geo political influences that seem to be driving the price of oil up every day.
Joe
From what i understand Helium if one of the most expensive gases in the world. You could build a business just around helium. So if they do have it . It may just be the another little surprise for us. Lets hope so...
Hey Lukas is 7 isnt it. BLZE is 2 or something i dont think they even have any actual oil only shale oil which is much more expensive to produce. We have nat gas too and who knows maybe even helium... They dont have to say right now...
Your always better off doing your own due diligence. The computer that sits on your desk is at least as powerful as the IBM Superblue that beat Gary Kasparov at chess. Yet most of the people i know use their computer for forwarding neat emails. The computer is a powerful tool use it my freind.
Chag is an actual company that has been in business for years now. Although the management has changed they actually produce oil and natural gas. If you have followed that sector at all you realize that oil is a commodity that is getting harder to find. The price of oil is going up as the reserves moderately decline. All the while consumption is on the rise. That makes chag and its assets very valuable. So valuable that a bank is trying desperately to grab their assets through court proceedings. Their efforts will most likely fail in the end. Once that is cleared up Chag will uplist to the Amex from what i understand. Since their assets are far above the threshold of entry its going to be a smooth transition. From that point they will go up to possibly 10 dollars a share or higher at some point. We are all confindently waiting....!
I try not to tell anyone too much about stocks. Because they automatically think your super rich. The truth of the matter is most people still dont buy stocks. They also think if you do your crazy. There is no way you could possibly no more about a stock than a broker does. Sometimes its just better to let sleeping dogs lie....!
Well i have learned alot here and continue to learn. Im starting to think like you because that was the first thing i said to myself. If you follow the money the really big money you might want to bet on that. Even though GO does fantastic its worth alot right now because the BDI is so high. If you wanted to raise money for the Energy players like the Tankers and Seadrill selling it would seem like a logical move.
Thanks Buddy,
Joe
Wow,
What would you guess the price per share might be. Just a guess now Xanadu. You seem to really have the knack here. I really want to know..
Thanks
Joe
Xanadu,
Thanks, good to here they are making progress. Alot of people i speak to have very high expectations of DEESC. I also talk to a couple who are a little jittery about the late payment of the dividend. I tell them not to worry and i will be a couple of weeks. From what i understand they have already secured the financing needed for that. I think there was a lull in the pr for a while. I still like it very much and own just under 1/2 a block of this stock.... I know you also like it very much. Lets keep our fingers crossed...!
Joe
Xanadu,
Thanks for the great information. I was wondering if you have any information about Deep Sea Supply they seem to be very tight lipped about anything going on recently. Is there any insight you could give regarding that....
Thanks so much,
Joe
Well from what i understand they are somekind of gasoline tanker. Since Shell and BP are customers i think you may be right and it could be coming from the North. I do know its not crude its product. ITCL is going to be a product carrier. I really think they are going to do very well. I think this spinoff is really being kept on the down low because FRO only made 20 percent of the stock available. I think they could somehow roll this company into the OSG merger or who knows. Its all very interesting. All i know is when FRO spins off a company im buying it. Damn the torpedoes.... !
I owned a India mining called sterlite SLT which was an ADR that i didnt fair all that well with. Also there is a Russian nickel mine trades in london symbol NIMBY but i havent been following that too closely. I am not to crazy about ADR's either. I am not sure if FRO and GLNG are ADR's i thought they traded as full shares..
I think DOCK is good i dont own that one though. Im very confident in Independent Tankers Corporation though. I think they are going to make a big splash..... As the need for refined petroleum increases and refinery capacity in the western part of the U.S. diminishes along with the need for maintanence of the Alaska pipeline they are going to be doing brisk business. I hear they have several Windsor class vessels are you familiar with them?
I never take anything they say at face value. I think one of the great things about JF is that he knows how to run play action. Which basically means he loves the mis direction plays. Thats the great thing about heading all of these companies. He can play fake in so many directions it throws everyone off. Do you think it is still a viable long term investment of it stays on the Oslo Bors. I think so...
I never knew that. I guess when you run in the same circles you have a alot in common and thats the basis of a good freindship. Maybe JF will use the DRYS model for uplisting to the NYSE eventually for GO. We can only hope. That way i can buy a cadillac and not worry about the price of gas or a driver.
You know what they say. Imitation is the most sincere form of flattery.....! Or lets cheat off the smart guy... Wish i used that earlier in life...
I think we are going to see dividend coming are way also. The only shipper i have besides JF companies is Paragon and im sure they will post a nice one also. I think GO is going to declare a hefty dividend at their next meeting...
Xanadu,
I have been digging for something here. I think you just hit the nail on the head. I have been looking and looking for what sets DEESC apart and thats it. I always look for companies that are leaders in emerging sectors or have somekind of advantage over competition. I think with all the JF companies the advantage is the dearth of maritime knowledge set them head over heels above the competition and im sure Deesc is no different... Once again thanks for the great information...
Joe
So what your saying is that very few companies are providing the newer offshore AHT's that set the rigging for the offshore drilling rigs. I thought thats all the AHT's did. This is a constant learning process for me so youll have to forgive me. So Deep Sea Supply' is one of the only companies that just specializes in the supply and rigging of anchors for offshore drilling rigs?
To Safegaurd their high cost investments owners are looking to charter out their ships for the medium or long term periods including those standard ships which could find employment on the spot market. In this context contractors and oil companies are also trying to avoid the peaks and troughs of the market by hiring ships for long periods and utilising these units according to regional need. The utilization rate was close to 95 percent throughout 2007. Owners seem to be favouring a significant increase in the engine capacity of new units. In order to replace the hundreds of ships which will be thirty years old by 2010. In this sector few ownders have launched renewal programmes for their fleet. with the notable exception of Bourbon which in 2007 ordered a total of 54 AHTS GPA from the Sino Pacific shipyard. The other trend concerns the big tonnage ships PSV's over 4500 dwt and AHTS with bollard pull in excess of 200 tons.
The above information was taken from The offshore ans specialised ships market report for 2007...
I believe since Deep Sea Supply has all newer PSV/AHTS we are in a good position regarding the future of our charter book because we have all new tugs. What do you think of that as an accurate Xanadu? Is that right on the money...?
To Safegaurd their high cost investments owners are looking to charter out their ships for the medium or long term periods including those standard ships which could find employment on the spot market. In this context contractors and oil companies are also trying to avoid the peaks and troughs of the market by hiring ships for long periods and utilising these units according to regional need. The utilization rate was close to 95 percent throughout 2007. Owners seem to be favouring a significant increase in the engine capacity of new units. In order to replace the hundreds of ships which will be thirty years old by 2010. In this sector few ownders have launched renewal programmes for their fleet. with the notable exception of Bourbon which in 2007 ordered a total of 54 AHTS GPA from the Sino Pacific shipyard. The other trend concerns the big tonnage ships PSV's over 4500 dwt and AHTS with bollard pull in excess of 200 tons.
The above information was taken from The offshore ans specialised ships market report for 2007...
I believe since Deep Sea Supply has all newer PSV/AHTS we are in a good position regarding the future of our charter book because we have all new tugs. What do you think of that as an accurate Xanadu? Is that right on the money...?
To Safegaurd their high cost investments owners are looking to charter out their ships for the medium or long term periods including those standard ships which could find employment on the spot market. In this context contractors and oil companies are also trying to avoid the peaks and troughs of the market by hiring ships for long periods and utilising these units according to regional need. The utilization rate was close to 95 percent throughout 2007. Owners seem to be favouring a significant increase in the engine capacity of new units. In order to replace the hundreds of ships which will be thirty years old by 2010. In this sector few ownders have launched renewal programmes for their fleet. with the notable exception of Bourbon which in 2007 ordered a total of 54 AHTS GPA from the Sino Pacific shipyard. The other trend concerns the big tonnage ships PSV's over 4500 dwt and AHTS with bollard pull in excess of 200 tons.
The above information was taken from The offshore ans specialised ships market report for 2007...
I believe since Deep Sea Supply has all newer PSV/AHTS we are in a good position regarding the future of our charter book because we have all new tugs. What do you think of that as an accurate Xanadu? Is that right on the money...?
Xanadu,
I read an article about AHT tugs. The jist of this article was that in the next year over 100 AHTs are coming online and that the sector wont be able to keep them all busy. I disagree firmly with this on a couple levels. One point i would make that i believe that the sector is booming like you said and they are going to need more tugs. A second point is that alot of the tugs in use are old and are going to need to come out of service in the next few years. From what i understand these tugs were built in the 1970's and are nearing their useful service. What is your take on this and am i way off base here.
Thanks
Xanadu,
I read that Pride (PDE) is not going to allow Seadrill to accumulate more than 10 percent of its stock. That is what they say now. This looks like a potential reverse merger similar to what OSG FRO are looking like. What is your take on that. Do you think it could wind up being an opportunity for Sea Drill to uplist to the NYSE......!
The forcast for Ship Finance Limited according the MSN stock reports is in the top 1% of stocks. Its higher than GE and most NYSE blue chip stocks. Straight down the line.