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Another Year:
"My guess is a month or more at least. Pete texted me back and said he now has to file a reply brief for the judge. Some of the exhibits Wade presented were not in the record, so Pete will have to address this. I would be very surprised if we can get the counter arguments against Wade organized before late January"
Well, we have not heard anything from the 11/30 hearing. My guess is no decision has been made regarding the appeal. Which to me implies the judge is considering it.
"Reuters Survey: OPEC Cut 710,00 Bpd In November"
https://oilprice.com/Latest-Energy-News/World-News/Reuters-Survey-OPEC-Cut-71000-Bpd-In-November.html
"Deepwater Oil And Gas Production To Grow 60% By 2030"
https://oilprice.com/Latest-Energy-News/World-News/Deepwater-Oil-And-Gas-Production-To-Grow-60-By-2030.html
one more ultra-deep-water vessel, for possible use in Deep Water Orange Basin
Ultra deep water day rates run from 550,000 to 650,000
"Chadwick Deaton Is The Independent Chairman of the Board of Transocean Ltd. (NYSE:RIG) And They Just Picked Up 82% More Shares"
https://finance.yahoo.com/news/chadwick-deaton-independent-chairman-board-111416521.html
"Bets On $200 Oil Surge As Traders Eye Extreme Volatility"
https://oilprice.com/Energy/Energy-General/Bets-On-200-Oil-Surge-As-Traders-Eye-Extreme-Volatility.html
Chad C. Deaton: Chair of the Board of Directors
https://www.deepwater.com/about/management-and-board/chad-c-deaton
Getting a mini runup in the BTC spot market
Things are starting to look good. They are projected to lose $.08 a share in the 4th quarter. If they can trim that to .02 and demand stays strong, we could have a good 2023
Oil to $125: 10 Most Shorted Oil Stocks
https://finance.yahoo.com/news/oil-125-10-most-shorted-153100548.html
"Energy Security Becomes A Priority Amid Global Energy Crisis"
https://oilprice.com/Energy/Energy-General/Energy-Security-Becomes-A-Priority-Amid-Global-Energy-Crisis.html
"praised Wade and protected him from any criticism."
Right:
the inability to say anything negative about this is guy is a big reason why we are in this current mess
I think you are right. He has never been good at anything other than that. This will go on for years. 4/18/2023 is the end for me
"Rural America Is Pushing Back Against The Renewable Boom"
https://oilprice.com/Alternative-Energy/Renewable-Energy/Rural-America-Is-Pushing-Back-Against-The-Renewable-Boom.html
It is 2022, soon to be 2023, not 2008
Does anyone know what is happening here?
I thought wades' lawyers (Moutain Reservoir) asked for the appeal to be dismissed
so, this is it?
"U.S. Energy Envoy Calls For More Investment In Oil And Gas"
https://oilprice.com/Energy/Energy-General/US-Energy-Envoy-Calls-For-More-Investment-In-Oil-And-Gas.html
IEA Expects Demand For All Fossil Fuels To Peak In The Next Decade
https://oilprice.com/Energy/Energy-General/IEA-Expects-Demand-For-All-Fossil-Fuels-To-Peak-In-The-Next-Decade.html
Right, I assume that your cost basis would revert to zero.
A reversal of fortunes (unrelated to RIG):
https://oilprice.com/Latest-Energy-News/World-News/Germany-Is-Dismantling-A-Wind-Farm-To-Make-Way-For-A-Coal-Mine.html
"Private Investors Are Flocking Into Oil And Gas"
https://oilprice.com/Energy/Energy-General/Private-Investors-Are-Flocking-Into-Oil-And-Gas.html
For what it's worth:
If you own stock that has become worthless because the company went bankrupt and was liquidated, then you can take a total capital loss on the stock.
? However, the IRS wants to know on what basis the value of the stock was determined as zero or worthless. Therefore, you should keep some kind of documentation of the zero value of the stock, as well as documentation of when it became worthless.
Basically, any documentation that shows the impossibility of the stock offering any positive return is sufficient. Acceptable documentation shows the nonexistence of the company, canceled stock certificates, or evidence the stock is no longer traded anywhere. Some companies that go bankrupt allow you to sell them back their stock for a penny. This proves you have no further equity interest in the company and documents what is essentially a total loss.
From Investopedia
I don't expect any big news on 10/31. Even if they shoot down his appeal. I don't see that getting us trading again. I'm looking at a probable tax write off
I'm not sure it's meaningless. I just don't think it's as meaningful as others do. I don't see it as a gateway to trading and increased share price
My understanding is that on 10/31 there will be a hearing on Wades' appeal. Nothing else just that. Now maybe a favorable result will induce the BOD to give us an update on trading status.
The aggregate incremental backlog associated with these fixtures is approximately $650 million. As of July 25, the company’s total backlog is approximately $6.2 billion
The aggregate incremental backlog associated with these fixtures is approximately $1.6 billion. As of October 13, the company’s total backlog is approximately $7.3 billion.
"With much of the world looking to put the strictest pandemic restrictions behind it and travel booming, investors have been more confident that Boeing can put the pain of the past few years behind it. It wasn't particularly surprising when Bloomberg reported that United -- which itself just raised its revenue outlook on strong demand and previously had purchased narrow-body MAX models -- is close to a deal for 100 wide-body planes with either Boeing or Airbus. None of the three companies have confirmed the report, which was based on sources the news service didn't identify."
DJ Boeing May Score a Big Order. The Stock Needs Good News. -- Barrons.com
I don't see any reason for optimism here. I don't know if the BOD does anything and there is no word on NOW
Transocean shares +5% after Barclays double-upgraded to Overweight from Underweight
David Anderson at Barclays rate RIG a buy on 10/6/2022 with no price target
We need some type of status report (by year end) that will allow us to make informed decisions regarding tax year 2022
We, as owners, have hired others to develop a plan to monetize the services and products of this company. They should inform us as to their progress
Then the question becomes who own the company?
These are all valid points. We are entering the 4th quarter of 2022; we need an update (from BOD) as to where we stand. A little guidance with respect to tax year 2022
Salunda Limited Executes Exclusive License Agreement with Transocean for HaloGuard(R) Real-Time Zone Management Technology.
IMO: there needs to be a little more emphasis on corporate performance and a little less on the extraction of a pound of flesh from wade