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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (9386)	7/9/2011 9:44:52 AM
From: Michael P. Michaud	Read Replies (1) \| Respond to of 34328

Morning ditch, i sold all my spec play under armour (made about $500 profit since april). barron's put out a negative piece about them last weekend. since i have an itchy trigger finger. my yougest daughter starts college in the fall and i will be paying about 8k per semester. this is going to be a new adventure since my oldest daughter went to school debt free and graduated w/13k in the bank (she lived at home, worked 2 jobs and had a full tuition scholarship!!! so i bought some more solr (2nd third) and added to ec (ecopetrol). ec dividend this year increased from 3 to 5 percent) and the rest will go to the first college payment to university of new hampshire. my wife hates to go shopping with my oldest b/c she acts like me "nicole is soooo not a spender!!") mike

To: Ditchdigger who wrote (9386)	7/11/2011 11:46:59 AM
From: JimisJim	1 Recommendation Read Replies (1) \| Respond to of 34328

My current and former associates are saying that the only danger of oversupply offshore is for jackups. Personally, I know that everything I've been working on the past 3 years is for deeper and deeper offshore work and the bulk of the existing offshore fleet is aging quickly and/or incapable of doing the work that is increasingly going after deeper and more difficult to develop fields... if anything there will be a shortage of very high spec rigs if/when the GoM reopens for biz in the areas that are most interesting: more than 200 miles offshore in extremely deep water. I, too, keep an eye on the current rig fleets and the dominant players are looking at scrapping/stacking/decommissioning significant numbers of their rigs that are "no longer relevant" to most of the offshore operators. The only outfits really building anything high spec right now are PBR, RIG, ESV, SDRL and a very small number of outfits doing onesy-twosey stuff... strangely I have been unable to confirm or deny that DO is doing anything at all about their relatively ancient offshore fleet. HP is eyeing the high spec ultra deep market and have been very good at increasing market share on land rigs in No. Am., so they may be a player at some point. But bottom line is that the really deep waters (Santos Basin offshore Brazil, W. Africa, Malaysia, way offshore GoM, and now even the Arctic) is where all of the significant oil discoveries are being made and the only places left on the planet that are largely unexplored... so I don't think we're going to see much of a slump in that sector, esp. when you factor in that the ave. price of oil is in a LT up trend as we have hit a worldwide production plateau regardless of the price of oil -- i.e., no matter how high it spikes or creeps, the ave. daily production has not increased in several years even adjusting for worldwide economic slowdowns. FWIW, count me in the camp that laughs whenever the Saudis claim they can (or will) increase daily production to 12.5 million bbls/day... the most they have ever been able to produce was around 9.8 million bbls/day and the ONLY reserve capacity they have is for stuff so heavy and sour, there are very, very few refineries anywhere in the world that can refine it into anything useful -- plus the Saudis themselves are quickly increasing their own oil consumption, meaning they have less and less to sell with every passing day. Mexico (our major supplier just a few years ago) will be net oil importers in 5 years or so as Cantarell is quickly depleting... the only thing saving our bacon at the moment is Canada. Add in long term disruptions in Nigeria and Libya, quickly depleting North Sea and Norwegian fields, the Alaskan north slope dwindling to the point that the Trans Alaska pipeline could become useless because it's down to about 30% capacity (much lower than that and oil won't "flow" through the pipelines without adding some very expensive upgrades to either the pipelines or the crude, or both)... probably 5-10 years before the big fields in Brazil are really cranked up and producing to capacity... We are on a treadmill wrt to oil production -- we haven't run out, just having to find/get it from harder and harder places that are a lot more expensive and take a LOT longer to develop -- a treadmill that is starting to go a bit faster than we are as we continue to use more/deplete older fields faster than we are finding and developing new significant sources to replace what we are using today. /rant Jim

To: Ditchdigger who wrote (9386)	8/2/2011 11:45:14 AM
From: E_K_S	Read Replies (1) \| Respond to of 34328

Re: SeaDrill Limited (SDRL) Started a tracking position in SDRL. Yield now 8.8% as long as their dividend stays at $3.00/year. Company generates excellent cash flow and their LT Debt/Net Income is 5.8 which is low and shows that the company has sufficient income to pay off their LT debt in just over 5 years. Looking to add some WM once the selling finishes and a lower low is had on lower volume. Based on the recent activity, this could now happen at prices below $30.00/share. EKS