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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (37405)	4/16/2010 12:54:58 AM
From: Jurgis Bekepuris	Respond to of 78530

I own a bunch of ATW/DO/RIG. The issue is that all of them are 50% deepwater and 50% commodity no-pricing-power shallow water companies. Now SDRL talks about "Deepwater is our key market and of course we're looking at how to grow that part of the business," and then at the same time "Seadrill plans to take full control of Texas-based Scorpion Offshore... Scorpion operates jack-up rigs for use in shallow waters in Brazil, Vietnam, Malaysia, the Arabian Gulf and Trinidad" :((( Another deep water company diworsifying into shallow water market, like RIG did with their stupid purchase of GSF. I avoided NE because in my understanding they are even more skewed towards commodity shallow water rigs. But it seems that the charts of all four (ATW, RIG, DO, NE) are almost exactly the same with ATW having a bit of outperformance. I have some SBEAF and no position in SDRL.

To: Paul Senior who wrote (37405)	4/16/2010 10:05:52 AM
From: E_K_S	Read Replies (2) \| Respond to of 78530

RE: John Fredriksen Did you realize that John Fredriksen and his operating companies owns over 42% of Ship Finance International Limited (SFL). google.brand.edgar-online.com Amount beneficially owned: Frontline Ltd. - 73,383 Hemen Holding Limited - 18,128,177 Farahead Investment Inc. - 12,000,000 Farahead Holding Ltd. - 12,000,000 Greenwich Holding Ltd. - 30,128,177 John Fredriksen - 30,201,560 The stock continues to hit recovery highs. His ownership interests has grown over the last year as he has elected to take stock in place of cash for dividends earned during the period. Stock has moved up recently in anticipation of a dividend increase back to previous levels ( from $1.20/year to $2.20/year) at least that is what I am speculating. Company has moved up to one of my top five positions in my taxable account and No. 2 position in the IRA account. I did add shares to both accounts in 2009 but nearly not enough. finance.yahoo.com EKS

To: Paul Senior who wrote (37405)	3/28/2011 6:33:05 PM
From: E_K_S	Read Replies (1) \| Respond to of 78530

Re: SeaDrill Limited (SDRL) Seadrill Scores BHP Duo -Seadrill Ltd. Monday, March 28, 2011 rigzone.com From the article:"...Alf C Thorkildsen, Chief Executive Officer in Seadrill Management, said, "This is Seadrill's first assignment for BHP. We consider this as an excellent opportunity to develop a strong relationship with BHP, one of the world's largest natural resource companies. Representing a total contract value of US$31 million, the two assignments improve the earnings visibility for our jack-ups in 2011 at market rates."..." --------------------------------------------------- Another win for Fredriksen and his team. Even though the stock is near an all time high and has a forward PE of 11 and yield of 5.5%, Seadrill may still represent a value buy. I have no position but Fredriksen (& his daughters) know how to make money. finance.yahoo.com EKS

To: Paul Senior who wrote (37405)	9/1/2011 1:25:27 PM
From: E_K_S	Respond to of 78530

Hi Paul - ARCHER LTD (ARHVF.PK) Seadrill Limited Ordinary Share(NYSE: SDRL ) Fredriksen expands his empire into well drilling and services through Archer and the acquisition of Great White Energy Services. Great White Energy Svs looks like a "pure play" for U.S. energy shale drilling in the Eagle Ford region. Today's buy by Seadrill (aka Fredriksen) gives them a 39.81% interest in Archer Ltd. The buy was done as a private placement by Seadrill and Archer Ltd. Seadrill seals $80m in Archer shares 01 September 2011 upstreamonline.com Rig owner Seadrill has upped its holding in well services player Archer after snapping up a raft of shares in a private placement. Web site of well service companies: Archer The Well Company: archerwell.com Archer is the well company, a global oilfield service company specialising in drilling services and well services. We employ over 7,000 people unified by a single purpose: building better wells to help our customers produce more oil and gas. Formed in 2011, Archer is the coming together of two well specialist companies, Seawell and Allis-Chalmers Energy, and several complementary businesses, each with a deep heritage in delivering wells and improving well performance. Great White Energy Services: greatwhiteenergy.com Great White Energy Services is a diversified oilfield service company that does completion and production, horizontal and directional drilling. Headquartered in Oklahoma City, Great White provides industry-leading pressure control service, directional drilling, and pressure pumping. Pretty cool video explaining Great White Energy Services: greatwhiteenergy.com ------------------------------------------------------------------------------------------------------------------------------------------------- I recently started a position in Seadrill on 8/1/2011 and have my eye to buy more shares on any move below $30.00/share. I like their position in Archer Ltd (a 39% interest) and the services that Great White Energy provides. So you participate in the FCF that these service companies generate while earning a nice dividend from the parent company. Archer LTD is traded in the pink sheets but I saw no trades and suspect it is thinly traded. It looks like SDRL is a better one to accumulate and hold. The value proposition for the combined companies is quite nice. You can buy all of them through SDRL at a Forward PE of 9. SDRL also has a good debt profile with LT debt to Annual net income at a 4.72:1 ratio, just outside the 4:1 ratio I like. EKS