hector Posted February 7, 2019 Report Share Posted February 7, 2019 Seriously nice work here. Showing how it should be done. I will follow in future for oil related trading. ===== TOP of Page charts > added by DrBubb, in edit: OIH / Oil Service ... All-Data : 10yr : 5yr : 2yr : 6mo - 10d / YE'18-update / Last: $14.03 / YrL: $13.13, H: $29.86 ---> vs. components: 6mo Top5 : nxt5 : drlr : oth : bells o uo/ 10d Top5 : nxt5 : drlr : oth : bells o uo : bats : OIH etc ... 10d : Daily from 6.19 : Updated 1/04 $15.19 / prior charts: #1, 2, 3, 4... Link to comment Share on other sites More sharing options...
drbubb Posted February 7, 2019 Author Report Share Posted February 7, 2019 Yes, I got the TIMING right... this time. This has been a successful and profitable experiment - & I took my profits already. The chart just above may show why I did that. Dip coming? Or More than just a minor dip? My virtual OIL SECTOR PORTFOLIO, produced a profit of $22,820, 43.2% in about 6 weeks Sym. / Price : x-Qty: $-Value: Strike : Pmt.: $Surplus -Cost-: Profit : RDC :$12.87 : x2500= 32,175 : $6.C : $15.0K: $15,050: $7,275: $7,775 - sold @$5.40, $6,225 profit MDR : $ 9.31 : x2500= 23,275 : $5.C : $12.5K: $10,775: $6,400: $4,375 - sold @$4.35, $4,475 profit ESV : $ 4.70 : x5000= 23,500 : $2.C : $10.0K: $13,500: $8,400: $5,100 - sold @$2.75, $5,350 profit Total: =========== > 78,950 : ==== : $37.5K : 41,450 : 22,075 19,375 OIH : $17.45: x3700= 64,565 : 20.P : $74.0K : ($9,435) 21,120: 11,685 : -BBck @$3,88, $6,770 profit Overall expected profit = $31,060, but that is overstated , because of TV of OIH shortActual profit, closed out: $22,820 ===== $11,685/3700: $3.16, ($17.45-$3.16): $14.29 notional start-point for OIH: x3700= $52,873 Actual Return on Notional Starting point of OIH: 43.2% ===== May not be so easy next time Trump wanted low oil prices into the election, and arm-twisted the Saudis. And the selloff got pushed further by weak SPX and year end factors. A bit of luck there... and some luck in spotting it too Link to comment Share on other sites More sharing options...
drbubb Posted February 7, 2019 Author Report Share Posted February 7, 2019 Hi Yield / Discounted bonds ENSCO PLC NOTE CALL MAKE WHOLE. . 4.50000% 10/01/2024 Hypothetical Trade | Fixed Income Alerts Overview Price & Performance Basic Analytics Price (Bid) 74.556 Price (Ask) 75.393 Depth of Book View Ask Yield to Worst 10.362% Ask Yield to Maturity 10.362% Current Yield 5.968% WEATHERFORD INTL LTD BERMUDA NOTE. . 4.50000% 04/15/2022 #325 / CALL MAKE WHOLE Hypothetical Trade | Fixed Income Alerts Overview Price & Performance Basic Analytics Price (Bid) 67.063 Price (Ask) 68.617 Depth of Book View Ask Yield to Worst 17.822% Ask Yield to Maturity 17.822% Current Yield 6.558% Third Party Price 69.250 Spread to Treasuries 15.322 Treasury Benchmark 3 YR.(1.875% 04/30/2022) Recent Trade View Recent Trades Price 69.019 Quantity 85 Link to comment Share on other sites More sharing options...
jerpy Posted February 7, 2019 Report Share Posted February 7, 2019 12 hours ago, drbubb said: Actual Return on Notional Starting point of OIH: 43.2% ===== May not be so easy next time Trump wanted low oil prices into the election, and arm-twisted the Saudis. And the selloff got pushed further by weak SPX and year end factors. A bit of luck there... and some luck in spotting it too Very modest Dr B, sometimes you make your own luck? It was a good spot and the Trump twist possiblymight have been read by some others in the market. Having made a profit on MDR myself, a little too soon maybe, I just had belief you had found something too, I only picked one out though. Now interested to see if it dips, not to trade, just interested where it settles down. Link to comment Share on other sites More sharing options...
drbubb Posted February 7, 2019 Author Report Share Posted February 7, 2019 When I saw THIS.... OIH: 16.75 -0.70, -4.01% The OIH Jan.2020.Puts are back to $3.90-4.00 / $3.95 +$0.45 I thought, I am glad I am out. THE CHART looks like a rollover is underway. At this stage, I have no idea how big the dip will be. It could even retest the year-end Lows. Best guess right now (I repeat: GUESS) is a 50% retracement (BTW, a modest & humble attitude will help me to stay alert and flexible. It is helpful.) Link to comment Share on other sites More sharing options...
drbubb Posted February 8, 2019 Author Report Share Posted February 8, 2019 Weatherford stock gets a boost from positive cash flow Shares of oilfield services company Weatherford International Ltd. WFT, -0.83% rose Friday, ...After the company reported positive cash flow for its latest quarter. The Baar, Switzerland-based company said it had a net loss of $2.1 million or 14 cents a share, in the quarter, wider than the net loss of $1.9 billion, or $1.95 a share, posted in the year-earlier period. The number includes pretax charges of $2.0 billion, comprising a $1.9 billion write-off of goodwill, as well as $79 million in impairments and asset write-downs, $36 million in restructuring charges, and $4 million in currency devaluation charges, partially offset by a $3 million credit. Excluding those costs, the company had a loss of $140 million, or 14 cent a share, wider than the 12 cents loss consensus estimate of FactSet analysts. Revenue was flat at $1.429 billion, close to the $1.432 billion FactSet consensus. SunTrust Robinson Humphrey analyst Ken Sill said positive free cash flow of $105 million, in-line results and continued transformation benefits are positive for the stock, given low expectations. "WFT provided no guidance in the earnings release other than on transformation benefits, but we assume their guidance will be similar to its peers," he wrote in a note. "WFT continues to report international contract wins, despite investor concerns reflected in a sub $1 share price." SunTrust rates the stock a buy with a $6 price target. The stock rallied 10% in early trade to 71 cents. Statistics Symbol: WFT : -ESV- : -RDC - : -MDR : Price—: $0.89 : $4.48 : $12.38: $ 8.95 : Ern/sh $-2.82 : $-1.49 : $-1.75 : $ 0.85 : PEratio ( N/a): ( N/a ). ( N/a ) : R 10.5 : Sh.OS : 995m : 434m: 127.1m: 181.m : MktCp: 897m: $1.95b: $1.57b: $1.62b : Debt — 8.02b : $5.00b: $2.51b: $3.51b : Revs. : 5.74b : $1.76b: $9.42b: $5.35b: Ebitda: 756m : $295m: $147m: $682m: Ebi./Rv: 13.1%: 16.8% : 1.56% : 12.7% : Dt./Ebi.: R10.6: R16.9: R 17.1: R 5.15 : BkVal. : -1.45b : $8.23b: $5.09b $3.54b: PerSh.: $-1.55 : $18.97: $40.04: $19.60 : ===== MDR has the best Stats (per above) MDR chart ... update / Last: $8.95 -0.36 Link to comment Share on other sites More sharing options...
drbubb Posted February 8, 2019 Author Report Share Posted February 8, 2019 An integrated Oil company I used to follow & invest in years ago MUR / Murphy Oil Corp. (NYSE) ... all-data : 6-mo / Last: $26.42 -$1.53, -5.47% / PER: 11.25, Yield: 3.79% . all-data : Symbol: -MDR : -MUR- : Price—: $ 8.95 : $26.42 : Ern/sh : $ 0.85 : $2.35 : PEratio: R 10.5 : R11.23: Sh.OS : 180.6m: 173.m : MktCap $1.62b: $4.57b: Debt — $3.51b: $3.24b : Revs. : $5.35b: $2.61b : Ebitda : $682m: $1.72b : Ebi./Rv : 12.7% : 65.9 % : Dt./Ebi.: R 5.15 : R 1.88 : BkVal. : $3.54b: $4.83b: PerSh.: $19.60 : $27.91 : ===== Link to comment Share on other sites More sharing options...
drbubb Posted February 9, 2019 Author Report Share Posted February 9, 2019 An Oil & Natural Gas producer that I used to follow... APC / Anadarko Petroleum (NYSE) ... all-data : 6-mo / Last: $41.84 -$0.76, -1.78% / PER: 34.9. Yield: 2.87% . all-data : Symbol: -MDR : -MUR- : -APC- : Price—: $ 8.95 : $26.42: $41.84 : Ern/sh : $ 0.85 : $ 2.35 : $ 2.87 : PEratio: R 10.5 : R11.23 : R14.60: Sh.OS : 180.6m: 173.m : 504.m : MktCap $1.62b: $4.57b : $21.1b : Debt — $3.51b: $3.24b : $17.8b : Revs. : $5.35b: $2.61b : $12.8b : Ebitda : $682m: $1.72b : $6.41b : Ebi./Rv : 12.7% : 65.9 % : 50.1 % : Dt./Ebi.: R 5.15 : R 1.88 : R 2.77 : BkVal. : $3.54b: $4.83b : $8.88b : PerSh.: $19.60 : $27.91 : $ 17.62 : ===== Anadarko Petroleum Corporation (NYSE: APC) today announced 2018 fourth‑quarter results, ...reporting net income attributable to common stockholders of $102 million, or $0.21 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by $82 million, or $0.17 per share (diluted), on an after-tax basis.(1) Net cash provided by operating activities in the fourth quarter of 2018 was $1.6 billion. For the year ended Dec. 31, 2018, Anadarko reported net income attributable to common stockholders of $615 million, or $1.20 per share (diluted). Full-year 2018 net cash provided by operating activities totaled $5.9 billion. 2018 HIGHLIGHTS Reached $3.75 billion of total share repurchases, representing 12 percent of shares outstanding Retired more than $600 million of debt during the year Increased the per-share dividend from 5 cents to 30 cents Announced Western Gas simplification transaction and $4 billion midstream asset sale Significantly expanded Delaware Basin oil, natural gas, and water infrastructure Positioned Mozambique LNG for expected sanctioning decision in the first half of 2019 "In 2018, we delivered on our commitment to increase the return of cash to investors through repurchasing stock, retiring debt and increasing our dividend," said Anadarko Chairman and CEO Al Walker. "As we look to 2019 and beyond, we remain focused on enhancing our capital efficiency by further improving our per-barrel margins and lowering our free cash flow breakeven oil price to continue meeting our cash-return objectives. We believe our portfolio and people give us an industry-leading ability to accomplish this while maintaining the financial flexibility to invest in our future as we anticipate progressing toward a final investment decision (FID) in the Mozambique LNG project in the first half of the year." Anadarko's Debt-Fueled Buybacks Are Dangerous - Anadarko ... Nov 1, 2018 - During the past nine months Anadarko has seen their operating cash flow soar higher thanks to higher oil prices. However, after capital ... Link to comment Share on other sites More sharing options...
drbubb Posted February 9, 2019 Author Report Share Posted February 9, 2019 Top Natgas Producers / Top 40 Producers - Natural Gas Supply Association ULP / UltraPetroleum etc ... update : ExxonMobil. Chesapeake Energy. Anadarko. Southwestern Energy Co. Devon Energy. Cabot Oil & Gas. ConocoPhillips. BP. Link to comment Share on other sites More sharing options...
drbubb Posted February 10, 2019 Author Report Share Posted February 10, 2019 Some interesting METRICS in this old 2016 article Oilfield Service Sector On Course To Hit $110 Billion Debt Wall Joseph Markman, Hart Energy August 10, 2016 Forty-four North American oilfield services companies had declared bankruptcy this year through late July, Haynes and Boone LLP said in a report, but the sector appears primed to hit a huge debt wall in the next five years. Moody’s Investor Service warned that speculative-grade companies are particularly vulnerable as almost $110 billion of debt matures or expires between now and 2021. The burden will nearly triple to $21 billion from 2017 to 2018, the company said in a report. “While some companies will be able to delay refinancing until business conditions improve, for the lowest-rated entities, onerous interest payments and required capex will consume cash balances and challenge their ability to wait it out,” Morris Borenstein, Moody’s assistant vice president, said in a prepared statement. “We also see companies facing weakening financial covenant cushions that can accelerate default or result in expensive bank amendments that may or may not alleviate refinancing needs.” More than $29 billion in issuance and revolving debt will come due in 2021, Moody’s said in its report, with low-rated entities constituting 65% of the total. More than 70% of the rated high-yield bonds and term loans that mature through 2018 are rated Caa1 or lower, the report said, and more than 90% are below B1. Those figures don’t include about $3.1 billion of rated and unrated committed revolvers among issuers rated Caa1 or lower that are set to expire through 2018. Huge investments made during the shale boom between 2011 and 2015 laid the foundation for accumulation of debt. Much of the maturing debt was issued during that time, Moody’s said, while drilling set records. However, the collapse of crude oil prices that began in late 2014 has drastically reduced drilling and placed enormous financial pressures on oilfield service companies, cutting off avenues for refinancing and forcing many to foreclose. Moody’s expects more than one-third of the 67 companies analyzed in the report to have debt/EBITDA above 10x in 2016, placing them more at risk for debt restructurings and defaults. Haynes and Boone listed 83 total filings for 2015 and 2016 in the July 20 issuance of its Oilfield Services Bankruptcy Tracker. Secured and unsecured debt for 2016 through late July, $8.16 billion, is 53.5% above the figure for all of 2015. Link to comment Share on other sites More sharing options...
drbubb Posted February 14, 2019 Author Report Share Posted February 14, 2019 BIG 27% DROP in MDR! - very happy to have exited my MDR calls with a nice profit McDermott expects $168M Q4 charge on Cameron LNG project; shares -21% Seeking Alpha·23 hours ago McDermott (NYSE:MDR) -21.7% pre-market after saying it expects to take a $168M charge in Q4 after assessing the Cameron LNG project it is developing in a 50-50 joint venture with Chiyoda Corp. MDR says the reassessment, which it blames on unfavorable labor productivity and increases in subcontract, commissioning and construction management costs, will impact its statements of operations for the quarter and year ended Dec. 31, 2018. MDR / McDermott ... 6-mo : Last : $6.82 -$2.48, -26.67% (6.81-7.55) on 27.52million shares! == This drop shows why I SOLD PUTS on OIH (the oil sector etf), which closed at $17.05 +0.03. Rather than on an individual share Link to comment Share on other sites More sharing options...
jerpy Posted February 14, 2019 Report Share Posted February 14, 2019 phew, glad I wasn’t greedy with MDR. Was the drop an over reaction, it’s going to have a very low p.e number again. Not tempted back in but see it bouncing today. Link to comment Share on other sites More sharing options...
drbubb Posted March 23, 2019 Author Report Share Posted March 23, 2019 On 3/22/2019 at 8:02 AM, drbubb said: Oil has run into some possible resistance USO / US Oil etf ... update: OIH : Oilb : OIH is also at poss, resistance at $18. OILB at $30 resistance Some Oil stocks like Murphy Oil are also testing resistance MUR ... update: Energy-related shares are getting body-slammed today OIH : $16.97 -0.78, -4.40% USO : $12.17 -0.27, -2.17% BPT : $26.16 -1.01, -3.72% CNQ : $27.58 -0.87, -3.06% Uranium-related is down too: CCJ : $11.78 -0.33, -2.73% URA : $12.36 -0.27, -2.14% U.t - : $ 4.54 -0.10, -2.16% Coal too BTU : $29.45 -0.56, -1.87% ===> in edit: Here's what we saw after the Friday close OIH : $16.95 -0.80, -4.50% USO : $12.23 -0.21, -1.70% XLE : $65.47 -1.82, -2.70%... update == Link to comment Share on other sites More sharing options...
drbubb Posted April 20, 2019 Author Report Share Posted April 20, 2019 On Rollover Watch for OIH, SLB & Oil? OIH etc ... 10d : Daily from 6.19 : XLE: USO: Updated 4/16: $18.01 / prior charts: #1, 2, 3, 4... & SLB: $45.56 - 3.90% Sharp Drop In U.S. Rig Count Marks First Yearly Loss Since 2016 The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, bringing the overall rig count below year-ago levels in a rare first not seen in years. The total number of active oil and gas drilling rigs in the United States fell by 10 according to the report, with the number of active oil rigs falling by 8 to reach 825 and the number of gas rigs falling by 2 to reach 192. The combined oil and gas rig count is now down year on year for the first time since the end of 2016, with oil seeing just a 5-rig increase year on year and gas rigs down 5 since this time last year. Miscellaneous rigs were at zero this week, a 1-rig loss on the year. Link to comment Share on other sites More sharing options...
drbubb Posted May 1, 2019 Author Report Share Posted May 1, 2019 BREAKING DOWN? OIH etc ... 10d : Daily from 6.19 : XLE: USO: Updated 4/16: $18.01 / prior charts: #1, 2, 3, 4, 5... I am Out, but I still monitor OIH In hindsight, it is looking like the rally we saw could have been mostly short-covering OIH ... 12mos / Last: $16.67 -0.54, -3.14% OIH moved up Fast relative to DBA /Ags Link to comment Share on other sites More sharing options...
drbubb Posted May 1, 2019 Author Report Share Posted May 1, 2019 THESE First Two (ESV, MDR) are especially Weak Symbol Company : Last: Earns. PE-R: Div.pa Yield : BkVal: P/BV: MktCp: EntVal. Ebitda: EV/eb.: $Debt: Dt/eb.:ESV / EnscoRowan : 13.97: (5.90) N/ A: 00.04 0.29%: 74.04: 019% $1.53B: $6.13B: $248M: r-24.7: $5.01B: r0.00:MDR / McDermott.It: $8.09: (17.9) N/ A: 00.00 0.00%: $4.44: 182% $1.47B: $4.84B $309.M: r-15.7: $3.50B: r11.3: SLB / Schlumberger 42.68: 1.45 : 29.4 : $2.00 4.60%: 26.07: 164% $52.1B: $75.0B $6.67B: r-11.2: $16.6B: r2.49: HAL / Halliburton .. : 28.22: 2.01: 14.1 : $0.72 2.46%: 11.02: 257% $24.8B: $34.9B $4.17B: r-8.37: $11.5B: r2.75: Bhge/ BakerHu…Ge : 24.02: 0.45 : 53.4 : $0.72 2.75%: 34.02: 071% $24.9B: $33.4B $2.83B: r-11.8: $7.23B: r2.55: DMY / Dummy Co.. : $0.00: 0.00 : 0.00: 00.00 0.00%: $0.00: 000% $0.00b: $0.00b $000.M: r0.00: $0.00b: r0.00 ESV after the merger with Rowan : $13.97 -$1.39, -9.05% MDR, with its continuing difficulties : $ 8.09 -$0.83, -9.30% I don't rule out buying, when price touches likely support...but I want to see how prices behave going into possible lows ESV vs MDR, OIH ... update : == Link to comment Share on other sites More sharing options...
drbubb Posted May 1, 2019 Author Report Share Posted May 1, 2019 Some of the higher quality components in OIH ... seem to be a better & safer (!) BUY On one chart: BHGE, HAL, OIH ... update : 10d : HAL / Halliburton... all-Data / Last: $28.33 -0.44, -1.53% BHGE / Baker Hughes GE... all-Data / Last: $24.02 -1.95, -7.51% HAL may get down to 160% of OIH HAL-$25 / 160% = OIH- $15.63 Link to comment Share on other sites More sharing options...
drbubb Posted May 1, 2019 Author Report Share Posted May 1, 2019 Halliburton sees surge in global offshore spending in 2019 Reuters — 04/22/19 Oilfield service provider Halliburton Co (HAL.NaE) said on Monday it expects international offshore spending to rise 14 percent in 2019, double the estimates given by ... Halliburton says pricing bottoming out as U.S. activity rises Reuters — 04/22/19 Halliburton Co(HAL.NaE) on Monday called the bottom of a pricing downturn that has plagued oilfield services companies and surprised on expectations saying first-quarter .. VALUATION : $44.50 - HAL Halliburton retains regular Real Value of $44.4963 per share. The prevalent price of the corporation is $28.85. At this time the corporation appears to be undervalued. Macroaxis calculates value of Halliburton from evaluating the corporation fundamentals such as Return On Asset of 6.08%, Current Valuation of 36.25B and Return On Equity of 19.56% as well as inspecting its technical indicators and Probability Of Bankruptcy. In general, we encourage to acquire undervalued assets and to sell overvalued assets since at some point stocks prices and their ongoing real values will come together. Undervalued Link to comment Share on other sites More sharing options...
drbubb Posted May 12, 2019 Author Report Share Posted May 12, 2019 OIH ESV HAL HAL-etc ... update : Link to comment Share on other sites More sharing options...
drbubb Posted May 12, 2019 Author Report Share Posted May 12, 2019 COME AWAY WITH ME - NORAH JONES (Full Album) Link to comment Share on other sites More sharing options...
drbubb Posted May 28, 2019 Author Report Share Posted May 28, 2019 OIH / Oil Service hits new Low vs. XLE Oil Stocks, as WTI Crude drops ==== : Fye'16 : Fye'17 : +-%chg : 06/29 : 12/31 : 02/01 : 03/01 : 05/03 : 05/17 : 05/24 : Gold : 1151.7 : 1309.3 : +13.7% : 1254.5 : 1281.3 : 1322.1 : 1299.2 : 1281.3 : 1275.7 : 1283.6 : GLD- : 109.61 : 123.65 : +12.8% : 118.65 : 121.51 : 124.50 : 121.88 : 120.65 : 120.65 : 121.30 : SPY- : 223.53 : 266.86 : +19.4% : 271.28 : 249.92 : 270.06 : 280.42 : 294.03 : 285.84 : 282.78 : SPX- : 2238.8 : 2673.6 : +19.4% : 2718.4 : 2506.8 : 2706.5 : 2803.7 : 2945.6 : 2859.5 : 2826.1 : S/AU: 194.4%: 204.2%: ====== : 216.7%: 195.6% : 204.7% : 215.8% : 229.9%: 224.2%: 220.2%: WTIc: $53.72 : $60.42 : +12.4% : $74.15 : $45.41 : $55.26 : $55.80 : $61.94 : $62.92 : $58.63 :XLE : $75.32 : $72.24 : -4.09% : $75.94 : $57.35: $64.89 : $66.48: $64.25: $63.75: $61.62 : OIH-: $33.35 : $26.05: -11.9 % : $26.27 : $14.03: $17.22 : $17.42: $16.34: $15.09: $13.81 : OI/X : 44.3% : 36.1% : ====== : 34.59% : 24.46%: 26.54%: 26.20%: 25.43%: 23.67% : 22.40% : New Low! Link to comment Share on other sites More sharing options...
drbubb Posted May 28, 2019 Author Report Share Posted May 28, 2019 OIH ($13.46) back to near lows ($13.11), and I am taking a look at some of these stocks again They all look as if they need to go a bit lower, and I may watch SLB most closely ESV / Ensco Rowan ... 3yr : Last: $8.78 HAL / Halliburton... 3yr : Last: $22.99 SLB / Schlumberger ... 3yr : Last: $36.50 Link to comment Share on other sites More sharing options...
drbubb Posted June 14, 2019 Author Report Share Posted June 14, 2019 ESV has dropped like a stone... since the merger with Rowan I bought Calls yesterday ESV / Ensco Plc Date ET Symbol Type Headline 2019-06-13 16:30 U:ESV News Release Ensco Rowan plc Receives Investor Proposal 2019-06-10 08:30 U:ESV News Release EnscoRowan Announces Successful Completion of Consent Solicitation with Respect to Rowan Companies Notes 2019-06-03 18:30 U:ESV News Release EnscoRowan Announces Consent Solicitation with Respect to Rowan Companies Notes 2019-05-22 17:29 U:ESV News Release Ensco Rowan plc Provides Update on Dividend Policy The Ensco Rowan plc (NYSE: ESV) (“EnscoRowan” or the “Company”) board of directors received a proposal from Luminus Management, LLC (“Luminus”) dated June 12, 2019 (“the Proposal”). EnscoRowan’s board of directors welcomes investor perspectives on matters such as the Company’s capital structure and the return of capital to shareholders, and will evaluate the Proposal. The Company proactively evaluates and manages its capital structure to execute its strategic priorities and deliver value for shareholders. To achieve these objectives, the Company has significant financial flexibility within its capital structure, including the ability to issue debt that would be structurally senior to the Company’s currently outstanding debt on both an unsecured and secured basis === Ensco Rowan investor seeks $2.5 billion dividend payout - Reuters 2 days ago - Deep-sea oil driller Ensco Rowan's investor Luminus Management LLC on Wednesday urged the company to declare a special dividend of ... June 12 (Reuters) - Deep-sea oil driller Ensco Rowan’s investor Luminus Management LLC on Wednesday urged the company to declare a special dividend of $2.5 billion to its shareholders, sending its shares down 6.3%. Luminus, the investment advisor to funds and accounts that own 4.5% stake in Ensco Rowan, said it is disappointed by the stock’s performance both before, and since, the Ensco-Rowan merger. Luminus urged the company to launch a priority guaranteed bond offering to fund the dividend. Ensco Rowan’s shares fell to their lowest in more than 26 years on Wednesday. Luminus Management is an investment management firm founded in 2002 with offices in New York, NY and Houston, TX. The firm focuses on a low net, long/short, relative value oriented strategy that invests opportunistically across the capital structure of companies within the broader energy ecosystem. Link to comment Share on other sites More sharing options...
drbubb Posted July 3, 2019 Author Report Share Posted July 3, 2019 The energy complex fell yesterday. Crude oil was down about 5% OIH- etc... update / Last: Sym. : Last : chg.: % chg. : ——-: Yr.Low-High : off Low: vsHigh SWN: $2.88 -0.18, -5.88% (52wk: $2.85 - 6.23): + 0.4% : - 53.8% NGas $2.24. -0.03, -1.19%. ($2.13 - 4.93): + 5.2% : - 54.6% WTI : $56.25 -2.84, -4.81%. ($42.36 - 66.60): +32.8% : - 15.5% USO: $11.70 -0.58, -4.72% ($9.23 - 16.24): +26.8% : - 28.0%OIH.: $14.44 -0.48, -3.22% ($13.01 - 27.45): +11.0% : - 47.4% BTU: $22.95 -1.23, -5.09%. ($21.42 - 46.27): + 7.1% : - 50.4% CHK: $ 1.85 -0.11, -5.61%. ($1.71- $5.60): + 8.2% : - 67.0% CNQ: $26.58 -0.39, -1.45%. (21.85- 37.41): +21.6% : -28.9% ECA : $ 4.96. -0.18, -3.50%. ($4.56- 14.28): + 8.8% : - 65.3% COP : $60.10 -2.15, -3.45%. ($56.75- 80.24): + 5.9% : - 25.1% ==== Link to comment Share on other sites More sharing options...
drbubb Posted July 31, 2019 Author Report Share Posted July 31, 2019 MUR is getting a Bounce Got very cheap relative to XLE Link to comment Share on other sites More sharing options...
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