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To: Covenant who wrote (2911)	6/9/2012 7:37:08 AM
From: ycartth	Read Replies (1) \| Respond to of 3249

Re: NATDF what broker do you use? Schwab charges a $50 "foreign transaction fee".

To: Covenant who wrote (2911)	6/9/2012 8:12:54 AM
From: xxyy	1 Recommendation Read Replies (1) \| Respond to of 3249

Re: NATDF On the plus side, NATDF's competitors all say their core market (i.e. the "north atlantic" in their name) is one of the best. The demand is clearly > supply in that region. I'd also dispute that there is an 'excess supply' of older jackups. That supply has bifurcated - the well maintained ones are under contract, the poorly maintained ones are sent to storage and won't return. I'd say most of the well maintained, older rigs have contracts these days. I'd guess that 95% of NE's older jackups are contracted. JF is probably the best manager in the business, though he's gotten there by taking financial risks that other drillers haven't and still aren't willing to take. -- On the minus side, there is no geographic diversity. Some type of leak, moratorium or regulatory changes in the area would really slam the company (vs. the larger drillers which are world-wide). Proximity to the Euro-zone might induce some fear, merited or not. What really killed it for me, was when I made a futile attempt to buy some shares a while ago. I tried for probably two days and never got any shares. On a given day, a few hundred thousand dollars of shares get traded on the pinks. So if you care for liquidity in stocks ... this ain't it.

To: Covenant who wrote (2911)	6/9/2012 9:25:16 AM
From: kgr1137	Read Replies (2) \| Respond to of 3249

Re: NATDF <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.> I resemble that remark. :-) On top of that, you edged out my $1.48 buy order. X- avg. volume is much higher than it used to be. I think Yahoo show avg. at nearly 400K. It used to be much thinner. This has suffered a hit with all drillers and, on top of that, some currency losses since Norway is the "primary exchange". Thankfully the Norw. kroner hasn't taken the hit the Euro has. JF plans to list this on a US exchange before year end, and for a variety of reasons, that usually is good for a bump. I've owned SDRL since before it was listed on the US exchanges and it's been "berry, berry good to me." Current yield about 12% and qualified too.