BAK - Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : BAK - Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DoggyDogWorld who wrote (2910)	6/8/2012 4:57:14 PM
From: Covenant	Read Replies (4) of 3249

Re: NATDF Day rates fluctuate, but each year additional offshore drilling capacity is required. This is expected to continue as more and more of the discoveries are offshore. The market is currently tight. There are also many vessels on order to meet this increasing demand. Will these be enough, too much, or too few? Offshore drillers behave more rationally than shippers and there has not been a glut yet. There is an excess of older jackups and a shortage of floaters and modern jackups. NATDF is a John Frederickson (yield hog) company, a spinoff from Seadrill. It is OTC in Norway and pink sheets in the US. This status has NATDF under the radar, trading at a substantial discount to where it would if listed on a main exchange. The company does plan to upgrade its listing in Norway and that is a catalyst. Continuing good performance is another catalyst, as is the dividend. KGR has been pumping NATDF for over a year. It took me quite a while for me to come around. I'm a seller in the low to mid $2s. I bought more today at $1.49.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next