NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Ya, I havent had one stuck in my forehead yet!
Don't miss what happens to the guy trying to catch the boomerang at 3:57.
Ya, I havent had one stuck in my forehead yet!
Don't miss what happens to the guy trying to catch the boomerang at 3:57.
An old college buddy of mine worked for CVX for years. Retired in his early 40's. Basically put all his eggs in the stock over the years and still owns it, over 20,000 shares.
How about SDLP now?
Trading for $9.30 or thereabouts. I think that is like a 25% yield on the dividend.
Anyone thinking of buying a little here? Contracts good until 2017 and later.
If I had the money I'd be on it. Sucks being broke all the time. Every time I have money it burns a hole in my pocket.
SDLP yield is 24.41%
P/E is 5.08
forward P/E is 3.4
P/B 1.1
P/S .7
P/CF 1.5
Everyone thinks SDLP is the same symbol as SDRL
That must be part of the issue.
There is now only 4 months left in 2015 for the Boone Pickens certain move to $70 oil.
If only you could find a forward 30 year contractI had budgeted about $6000 a year for diesel for our RV but today at Costco I saw it for $2.45 a gallon. I have essentially reduced our spending by $2000 a year...at a 4% SWR that is like finding $50,000.
If only you could find a forward 30 year contract
I like how everyone says oil price has to decline because production is going to fall, here is Norway's oil minister making that point:
Norway's Oil Minister Says Crude Price at $40 Can't Last - Bloomberg Business
And here is Norway's 2015 record production up 10% from last year even with reduced demand:
Norway reports increase in net oil production - UPI.com
You can't make this stuff up
Now SDLP is $8.65
Is this because RIG eliminated its dividend today?
I need to dig into SDLP more and see how it is structured. My understanding is that it is essentially a holder of contracts on rigs and would have a hard time eliminating the dividend entirely as this money is needed by majority owner SDRL to fund operations.
On the other hand, at $8.65 the yield is 26%, which seems ridiculously high.