Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
. (HERO - Snapshot Report) announced that it has entered into a drilling agreement with Maersk Oil North Sea UK Limited. The deal requires Hercules Offshore to deploy a newbuild jackup rig to develop Maersk Oil North Sea’s Culzean Field in the Central North Sea. Following this announcement, shares of Hercules Offshore gained about 4.6% in after-hours trading.
The five-year contract is valued at around $420.0 million (including about $9 million as mobilization fees) and is expected to come into effect from the middle of 2016. Hercules Offshore would be the owner and operator of the newbuild.
Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
US President Barack Obama spoke with Greek Finance Minister Yanis Varoufakis on the sidelines of an event at the White House honoring Greece's Independence Day with the former stressing the need for flexibility from all sides in ongoing reform negotiations between Greece and its creditors, according to sources.
The conversation between Obama and Varoufakis lasted for around 12 minutes, according to sources who said Varoufakis asked Obama to keep pressing European leaders so that a solution is found to Greece's problem. Varoufakis agreed with Obama that all sides need to show flexibility and also highlighted the need to remain focused on the goal and on the process that Greece is involved in with its creditors.
The event at the White House was also attended by US Vice President Joe Biden and Greek Archbishop Demetrios.
Varoufakis is to meet on Friday with US Treasury Secretary Jack Lew at 10.30 p.m. Greek time following a scheduled meeting at 6 p.m. with European Central Bank President Mario Draghi.
On Thursday, in a speech at the Brookings Institution, Varoufakis underlined the difficulties in Greek negotiations with its creditors but said Greece was more keen than anyone for a deal to be reached. Nevertheless, Greece will not approve more austerity, he said. "We will not sign up to targets we know our economy cannot meet by means of policies that our partners should not wish to impose," he said. "We will compromise, we will compromise and we will compromise in order to come to a speedy agreement. But we are not going to end up 'being' compromised. This not what we were elected for."
ekathimerini.com , Friday April 17, 2015 (11:25)
Oil is trending higher...... it has a one track mind no matter what's thrown at it.
Bloodbath this morning,thank Germany.
If I were the leader of Greece I'd make sure I get the money from Germany for the war crimes.
Greece is paying more interest than any other euro country to borrow money. What the H is up with that.
Why doesn't Germany finish what it started and help Greece out instead of playing stupid hardball...
If the euro zone falls apart and world markets fall it will be all Germany's fault.
The United States is ready to give money to Greece... that's what the get together a few days ago was about....
The United States is waiting to see if the Euro Zone will give money to Greece first before the 24th. If this doesn't happen the US will step in and give Greese the money it needs
Last night, deputy foreign minister Euclid Tsakalotos rejected such talk, declaring:
“I am absolutely confident an agreement will be reached on 24 April. Deals are always done five or three or one minute before midnight, it’s not unusual that they should go right to the brink.”[url][/url][tag]insert-text-here[/tag]
Anyway, if it wasn't for him leading people on with a half days curve in the graph this would be in the red today..... we'll see who's right by Friday..... oh the games people play lol
Very serious. And he could be you under another alias. Either that or you're a follower..
This is exactly the way a stock group operates
He wasn't correct I'll tell you what he was. He's the leader of the stock group that took this to .94....
when Hero retracted some of his followers got caught holding the bag... So he had to come back with a graph and did some yapping and.some people bought it and the buying started...this was a way to get his followers their money back....And by you saying he was right you're a follower of his
On second look the chart is correct. But I don't think a half days rise on Monday indicates that it's headed up.... I think you should've waited for Tuesday's chart
Great chart but I think you're missing the last two days when it went down
At whatever price you bought if you can take profits do so because it's a slow bleed to 50 - 55
Following up on my last statement. I bought at .44 and sold at .93 for a 110% gain....
Looking to get back in end of next week in the .50s
I've seen this many times by stock groups. Tuesday Wednesday it was bought by the organizer's of the group. When they had enough shares they let the other members know and then Thursday it exploded to $.94.....
What usually happens 90% of the time to the share price is that it goes down to what it was before the stock group started buying..... which in this case was the .50s
Another Greece holiday today.....
If it's a stock group buying this could go down quickly
Markets closed in Greece
OT:Hero up over 30%.... I told you about this in the low 40s and now it's $.83.... This all happened in three days.. .. And I'm also going to tell you this again. Buy NBG and hold onto it. Don't be left behind like the people over at Hero.
I like seeing shorts get burned and day traders lose out....
These two have no place in the investing world...
Order by
3.10pm 15:10
Markets are undoubtedly cheered by the news that Greece has made a €450m debt repayment to the IMF.
This payment of €249 million which will be paid today is very important.
As you recall, Greece had threatened not to make any payments at all.
After a visit to the United States of America Greece said they would make the payment.
I think this payment is more important than the billions they're going to get before April 24th because it indicates they want to stay in the Euro Zone.
Pick some shares up today
€249 million willl be paid by Greece to the IMF today.
This will make them compliant and with ongoing negotiations will have their bailout money before the 24 of April
11.54am 11:54
Over in Athens, senior government ministers are expressing confidence that Greece will successfully conclude negotiations over reforms with its creditors in the coming weeks.
The Guardian’s Helena Smith reports:
Sounding more optimistic than perhaps any other leading Greek government official to date, the minister of state, Alekos Flambouraris, said he expected Athens to have sealed a deal with international creditors by the time euro area finance ministers hold their next scheduled meeting on 24 April.
“At the Euro Group on April 24 there will 100 per cent be an agreement,” he told Mega TV on Thursday morning.
Look at Hero today. Any day now Greece will get their bailoutf money and when that happens NBG will do 3X what Hero did today. Buy and hold is the key here.
Crude oil over $53 now
NBG $100 a share ???? Yes very quickly if this happens.....
Reuters
Monday 6 April 2015 23.30 BST Last modified on Tuesday 7 April 2015 08.45 BST
Share on Facebook Share on Twitter Share via Email Share on LinkedIn Share on Google+ Share on WhatsApp
Greece’s deputy finance minister has said that Germany owes it nearly €279bn (£205bn) in reparations for the Nazi occupation of the country.
Greek governments and private citizens have pushed for war damages from Germany for decades but the Greek government has never officially quantified its reparation claims.
A parliamentary panel set up by Alexis Tsipras’s government started work last week, seeking to claim German debts, including war reparations, the repayment of a so-called occupation loan that Nazi Germany forced the Bank of Greece to make and the return of stolen archaeological treasures.
NEW YORK (MarketWatch)—Oil futures rebounded sharply Monday, with the U.S. benchmark closing at its highest level in seven weeks on signs of strengthening Asian demand and expectations a preliminary agreement to curb Iran’s nuclear program won’t see the market immediately swamped with more crude.
OIL MARKETS
Oil Surges on Signs of Growing Demand
Cushing, Okla., supplies reported to have fallen by nearly 300,000 barrels last week
By TIMOTHY PUKO
Updated April 6, 2015 5:28 p.m. ET
Oil prices surged to their biggest gains in nearly two months as signs of rising demand in both the U.S. and Asia drove a rally.
Data provider Genscape Inc. reported that supplies in Cushing, Okla.--a key storage hub and the delivery point for the benchmark U.S. futures contract--fell by nearly 300,000 barrels between March 31 and April 3, according to a broker. Cushing supplies are at a record, and this is first time those stocks...
Greece markets closed today. It will be interesting to see how high the US market will take NBG today on the news that Greece will make it's payments this week. This may be the last day to get in at this price.
By Eric Yep
Published: Apr 6, 2015 4:27 a.m. ET
No physical market impact of Iran seen before 2016: Morgan Stanley
Reuters
Iranian Foreign Minister Javad Zarif.
Crude-oil futures rebounded on Monday as investors assessed the impact of last week’s disappointing U.S. jobs data and Iranian nuclear deal.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in May CLK5, +3.03% traded at $50.51 a barrel, up $1.36, or 2.8%, in the Globex electronic session. May Brent crude LCOK5, +2.75% on London’s ICE Futures exchange rose $1.23, or 2.2%, to $56.20 a barrel.
Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signalling better demand in the region.
BIG NEWS: Finance Minister Yanis Varoufakis said on Sunday Greece "intends to meet all obligations to all its creditors, ad infinitum" following a meeting in Washington with International Monetary Fund officials.
He told reporters the government also plans to "reform Greece deeply" and to try to improve the "efficacy of negotiations" with its creditors.
IMF Managing Director Christine Lagarde said in a statement after meeting with Varoufakis that she welcomed his confirmation that Athens would make a loan payment due to the IMF later this week.
News:Bailout money coming ...
ATHENS | Sat Apr 4, 2015 3:00pm EDT
Email
Facebook
Twitter
ATHENS (Reuters) - Greek Finance Minister Yanis Varoufakis will meet International Monetary Fund Managing Director Christine Lagarde in Washington on Sunday to discuss a set of planned reforms that Athens hopes will unlock much-needed bailout funds.
NBG $10 by Fall...
It's a given the euro zone will give Greece the bailout money.
Once they do the next bailout money if needed by Greece will be given without any controversy at all...
A better deal for Greece means NBG will skyrocket
That's a $137,000,000 ($137 million)contract.
$75,000 X 365 days = $27,375,000 X 5 years=. $136,875,000
Greece will eventually get their money. Just playing childish games right now
7.38pm 19:38
ECB gives Greek banks more emergency liquidity
Some late breaking news....the European Central Bank has agreed to raise the emergency liquidity on offer to Greek banks by another €700m.
LONDON: India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of a round of purchases by the world's fourth-biggest oil consumer to build up emergency stockpiles.
Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus.
The sources said Indian Oil Corp (IOC) bought a 2 million barrel cargo of Iraqi crude from Chinese trader Unipec, which will load in May for shipping to the first stage of India's SPR on the country's east coast.
In addition, IOC and Hindustan Petroleum Corp Ltd will buy another three Very Large Crude Carriers between them for the Vizag SPR storage site in the southern state of Andhra Pradesh.
While the first 8 million barrels for Vizag are relatively small compared with the global market, totaling less than 10 percent of daily demand, India's purchases could ramp up later this year as the country completes construction of the next phase.
Two SPR sites, at Padur and Mangalore, will have a capacity of 29.3 million barrels and are expected to be ready by October.
up 6% in Greece