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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (2778)	2/9/2015 8:42:41 PM
From: Jerome	1 Recommendation Recommended By Gottfried Respond to of 26792

Hey Gottfried, The cheap oil, is mostly a talking point to make some investors nervous The companies that help produce the oil will keep producing the oil, because stopping production is an expensive proposition and restarting production after it has been stopped is also expensive. Maintaining market share is the only route to long term survival. So where will the excess oil go? Japan, China, and Europe are going to load up and stockpile it to the max. It was mentioned today that two companies are getting their share prices bid up by outside investors. bloomberg.com Chinese Tycoon Tong Boosts Seadrill Stake Past 5% Amid Oil Crash Transocean Rises as BlackRock Boosts Stake in Offshore Driller It should be noted that those rich investors don't take kindly to holding a losing hand. Noble has already reported solid earnings and a good outlook..along with upgrades by 19 analysts in the past week. Ensco and BP have stated that their dividends are safe because so many investors depend on them. Now all that talk about cutting the dividend....has dried up. The folks who are paid big money to chatter about these things are looking for a toe hold for a boost in readership and getting no where fast.

To: Gottfried who wrote (2778)	2/10/2015 11:55:11 AM
From: Jerome	Read Replies (2) \| Respond to of 26792

Hi Gottfried.....misinformation seems to be the order of the day. blogs.barrons.com Transocean: Old Rigs, Looming Dividend Cut Mean Time to Sell Since Transocean has already scheduled the $.75 dividend for February the next dividend after that is in May and it would require a vote of the shareholders (Swiss Law) to take effect. But Transocean does give monthly up dates and in January I noted that the day rates showed only a modest decline. From the company web site: Transocean Searcher - Awarded a one well contract in the Norwegian sector of the North Sea at a dayrate of $340,000 ($14 million estimated backlog). The rig`s prior dayrate was $368,000. The other news is that out of service time for the rigs of Tansocean is decreasing. Estimated 2014 planned out-of-service time decreased by a net 66 days. Estimated 2015 planned out-of-service time decreased by a net 30 days. Now Barrons is the author of the top headline and perhaps as you suggested they may have a different agenda. Misinformation is now part of the business program. Like those web sites that intentionally direct to a site you are not interested in.