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I didn't write the article just posted it. Quoting it:
"We bring all this up because six months after our first correct prediction that China's spike in FX outflows would send bitcoin surging, it's time to do it again."
"China's Capital Flight Could Fuel Bitcoin’s Next Rally"
https://oilprice.com/Finance/the-Markets/Chinas-Capital-Flight-Could-Fuel-Bitcoins-Next-Rally.html
bought some today
"Biden Unlikely to Strictly Enforce Sanctions on Iranian Oil Ahead of Elections"
https://oilprice.com/Latest-Energy-News/World-News/Biden-Unlikely-to-Strictly-Enforce-Sanctions-on-Iranian-Oil-Ahead-of-Elections.html
International Oil Drilling Boosts SLB’s Net Profit in Q1"
https://oilprice.com/Latest-Energy-News/World-News/International-Oil-Drilling-Boosts-SLBs-Net-Profit-in-Q1.html
"International Oil Drilling Boosts SLB’s Net Profit in Q1"
https://oilprice.com/Latest-Energy-News/World-News/International-Oil-Drilling-Boosts-SLBs-Net-Profit-in-Q1.html
Transocean Ltd. Provides Quarterly Fleet Status Report
https://www.globenewswire.com/news-release/2024/04/17/2864996/0/en/Transocean-Ltd-Provides-Quarterly-Fleet-Status-Report.html
he company is reporting:
First quarter earnings per share (EPS) of $0.33 and distributable cash flow (DCF) per share of $0.64, up 10% and 5%, respectively, compared to the first quarter of 2023.
Net income attributable to KMI of $746 million, compared to $679 million in the first quarter of 2023.
DCF of $1,422 million for the quarter, compared to $1,374 million in the first quarter of 2023.
"Institutional Investors Double Down On Oil Despite Divestment Pledges"
https://oilprice.com/Energy/Crude-Oil/Institutional-Investors-Double-Down-On-Oil-Despite-Divestment-Pledges.html
"Transocean Ltd. Announces Pricing of Upsized Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031"
https://www.globenewswire.com/news-release/2024/04/11/2861929/0/en/Transocean-Ltd-Announces-Pricing-of-Upsized-Private-Offering-of-Senior-Notes-Due-2029-and-Senior-Notes-Due-2031.html
Retiring Debt:
"Transocean Ltd. (NYSE: RIG) announced that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), has commenced an offer to purchase for cash (collectively, the “Offers” and each, an “Offer”) any and all of its outstanding 11.50% Senior Guaranteed Notes due 2027 (the “2027 Super Priority Guaranteed Notes”) and 7.25% Senior Notes due 2025 (the “2025 Priority Guaranteed Notes,” collectively with the 2027 Super Priority Guaranteed Notes, the “Notes”), in each case, from holders thereof (each, a “Holder” and collectively, the “Holders”). Each of the Notes specified in the table below are referred to as a “series” of Notes. The Offers are being made pursuant to an Offer to Purchase, dated April 11, 2024 (the “Offer to Purchase”)."
https://www.globenewswire.com/news-release/2024/04/11/2861511/0/en/Transocean-Ltd-Announces-Cash-Tender-Offers.html
"Traders Are Buying Oil At The Fastest Rate Since 2020"
https://oilprice.com/Energy/Crude-Oil/Traders-Are-Buying-Oil-At-The-Fastest-Rate-Since-2020.html
"North Sea Oil and Gas Firms Continue Drilling Despite Climate Goals"
https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-and-Gas-Firms-Continue-Drilling-Despite-Climate-Goals.html
"North Sea Oil and Gas Firms Continue Drilling Despite Climate Goals"
https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-and-Gas-Firms-Continue-Drilling-Despite-Climate-Goals.html
"Brent Breaks Above $91 as Bullish Sentiment Builds"
https://oilprice.com/Energy/Energy-General/Brent-Breaks-Above-91-as-Bullish-Sentiment-Builds.html
"Brent Breaks Above $91 as Bullish Sentiment Builds"
https://oilprice.com/Energy/Energy-General/Brent-Breaks-Above-91-as-Bullish-Sentiment-Builds.html
Gregory Lewis at BTIG issues Buy Recommendation on 04/02/24 with a $12.00 price target.
"Brent Closes in on $90 as Geopolitical Risk Climbs"
https://oilprice.com/Energy/Energy-General/Brent-Closes-in-on-90-as-Geopolitical-Risk-Climbs.html
"Oil Prices Up as Iranian Embassy in Syria Leveled in Airstrike"
https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Up-as-Iranian-Embassy-in-Syria-Leveled-in-Airstrike.html
that means it's valueless
value equals zero. Cost basis is the loss
I have completely written this off. I see the probability of this ever trading again or being worth anything as infinitesimally small. It's been 1,245 days since the management change and the forward movement has been at a snail's pace. Something like the half-life of Uranium
CEO of Coinbase just said they are partnering with Compass Coffee A local DC/VA coffee house to accept stable coin as payment. Detail to be provided tomorrow at conference in DC (fox Business 5 minutes ago)
"Oil Could Rise More than Anyone Expects This Year"
https://oilprice.com/Energy/Oil-Prices/Oil-Could-Rise-More-than-Anyone-Expects-This-Year.html
"Norway’s Energy Major Equinor Starts Up Solar Plant in Brazil"
https://oilprice.com/Latest-Energy-News/World-News/Norways-Energy-Major-Equinor-Starts-Up-Solar-Plant-in-Brazil.html
2 large purchases this month
Brady K Long buys 355,147 shares
" Dear Counsel:
Today the Supreme Court of Texas granted Respondents’ Motion for Leave to File
Corrections to the Response Brief on the Merits and a Sur-reply Brief in the above-referenced
case. Please note that the brief must not exceed 2,400 words and will be due within 15 days or
no later than March 18, 2024. Petitioners may file a counter-sur-reply brief after Respondents in
accordance with the same word count limit and deadline. "
on and on we go
C/O PERESTROIKA AS, TURMSTRASSE 30: adds 1 million shares to increase total to 85,574,894
nonsense.
why does anyone give an "F" about 8 at a tech conference. Why don't you pump that on the 8 board
"The sharp rise has fueled renewed interest in apps like Coinbase, which allows users to buy, sell, and hold crypto products in a digital wallet. This rapid increase in demand, including from more casual crypto investors, have seemingly contributed to the app's current issues, as Coinbase says the app is experiencing issues from high traffic."
https://finance.yahoo.com/news/following-bitcoin-surge-coinbases-app-180358961.html
did he give a time frame?
shouldn't we be getting a court decision on SEC v Coinbase soon?
"14 Best Beaten Down Stocks To Buy Right Now"
https://finance.yahoo.com/news/14-best-beaten-down-stocks-120431736.html
#3 "Transocean Ltd. (NYSE:RIG) is a Switzerland based energy company that provides drilling services and other associated products. Its latest set of financial results kept up a trend of losses but also provided a respite as a loss per share of 9 cents beat analyst estimates of a 23 cent loss.
During 2023’s December quarter, 45 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. Transocean Ltd. (NYSE:RIG)’s largest hedge fund shareholder is Dmitry Balyasny’s Balyasny Asset Management due to its $44.9 million stake."
does anyone care to venture as guess as to whether or not this will be trading by 12/31/2025?
Ya, I saw all this, but I did not see any Utilization numbers. I thought that would be important.
Would like to see utilization over 60%
Guys on CNBC (can't remember who) said BTC is approaching the 21-million-coin limit and we will hit that this year. He claimed BTC will hit 100K this year because of this constraint. If so Coinbase will be significantly higher.
side note: Coinbase posts results on Instagram. You just flip through.