Day Gain | ||
Gain | ||
Market Val | ||
Costs | ||
Cash | ||
Portfolio | ||
Realized | ||
Dividend |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-10-29 | 2024-09 | 0.9 | N/A | N/A | N/A |
2024-07-31 | 2024-06 | 0.61 | 0.72 | 0.11 | 18.03% |
2024-05-06 | 2024-03 | 0.56 | 0.45 | -0.11 | -19.64% |
2024-05-06 | 2024-03 | 0.56 | N/A | N/A | N/A |
2024-02-22 | 2023-12 | 0.56 | 0.39 | -0.17 | -30.36% |
2024-02-22 | 2023-12 | 0.56 | N/A | N/A | N/A |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-08-10 | Citigroup | Upgrade | Buy | Buy |
2023-08-06 | Barclays | Upgrade | Overweight | Overweight |
2023-07-04 | Citigroup | Upgrade | Buy | |
2023-07-04 | Citigroup | Upgrade | Buy | |
2023-06-19 | Benchmark | Upgrade | Buy | Buy |
2023-02-27 | Benchmark | Upgrade | Buy |
Date | Name | Relation | Quantity | Description |
---|---|---|---|---|
2024-03-10 | ALTING CAROLINE | Officer | 0.00 | Sale |
2024-03-20 | BARKER RICHARD B | Chief Financial Officer | 241.34K | Purchase |
2024-02-04 | DENTON BLAKE | Officer | 113.21K | Conversion of Exercise of derivative security |
2024-02-04 | EIFLER ROBERT W | Chief Executive Officer | 1.07M | Conversion of Exercise of derivative security |
2024-02-01 | HIRSHBERG ALAN J | Director | 21.41K | Conversion of Exercise of derivative security |
2024-02-01 | HOLTH KRISTIN H | Director | 5.77K | Conversion of Exercise of derivative security |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Vanguard Group Inc | 10.88M | 449.53M | 7.94% |
2023-06-29 | Blackrock Inc. | 7.30M | 301.74M | 5.33% |
2023-06-29 | Orbis Allan Gray Ltd | 3.80M | 157.05M | 2.77% |
2023-06-29 | ClearBridge Investments, LLC | 2.99M | 123.40M | 2.18% |
2023-06-29 | Elliott Investment Management L.p. | 2.85M | 117.73M | 2.08% |
2023-06-29 | State Street Corporation | 2.45M | 101.07M | 1.78% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Vanguard Total Stock Market Index Fund | 3.55M | 146.49M | 2.59% |
2023-06-29 | Vanguard Small-Cap Index Fund | 2.86M | 118.28M | 2.09% |
2023-08-30 | iShares Russell 2000 ETF | 2.45M | 129.42M | 1.79% |
2023-09-29 | New Economy Fund (The) | 2.31M | 116.90M | 1.68% |
2023-09-29 | VanEck ETF Trust-VanEck Oil Services ETF | 2.23M | 112.91M | 1.63% |
2023-06-29 | Vanguard Small-Cap Growth Index Fund | 1.64M | 67.74M | 1.20% |
Dividend | Date |
---|---|
0.5 | 2024-09-12 |
0.4 | 2024-06-06 |
0.4 | 2024-03-07 |
0.4 | 2023-11-14 |
0.3 | 2023-08-17 |
0.3 | 2023-08-16 |
Split | Date |
---|---|
1144 : 1000 | 2014-08-04 |
2 : 1 | 2007-08-29 |
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He expects Valaris to post negative $1.5 billion in free cash flow for 2020 and 2021, and use up its entire cash balance and revolving credit line by the end of 2021, assuming its revolver remains available. He sees Noble posting negative $500 million in free cash flow in 2020 and 2021, and tripping a covenant in its revolving credit line in the third or fourth quarter of this year. He lowered his price target on both companies to 10 cents. Valaris stock was down 7.5% to 34 cents on Wednesday; and Noble was down 3.3% to 19 cents.
Which is why, at this price point, $NE is no longer attractive. Taking my $$ to $DNR
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AND, in case you have forgotten, there was a VERY SERIOUS problem with Noble and Valaris, before Covid:
*Here Are 2 Oil Companies That Could Face Debt Restructuring
By Avi Salzman
May 13, 2020 11:00 am ETNoble Energy
Courtesy of Noble Energy
Offshore oil drilling has been in a slump for several years, even before the Covid-19 crisis hit. But the recent downturn in oil prices has made the state of the industry even more precarious.Credit Suisse analyst Jacob Lundberg wrote Wednesday that the industry is facing a major downturn and “most won’t make it to the other side.” The drillers are likely to burn cash over the next few quarters and may have to restructure.
Two companies that could be forced to undergo debt restructurings as soon as the second half of this year are Valaris (ticker: VAL) and Noble Corp. (NE), according to Lundberg.
“Valaris and Noble’s front-end bonds trade below 10% of par, so the credit markets already look to have priced this in,” he wrote.
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He expects Valaris to post negative $1.5 billion in free cash flow for 2020 and 2021, and use up its entire cash balance and revolving credit line by the end of 2021, assuming its revolver remains available. He sees Noble posting negative $500 million in free cash flow in 2020 and 2021, and tripping a covenant in its revolving credit line in the third or fourth quarter of this year. He lowered his price target on both companies to 10 cents. Valaris stock was down 7.5% to 34 cents on Wednesday; and Noble was down 3.3% to 19 cents.Neither company immediately responded to requests for comment. But executives have been open about the struggles they’re seeing in the market now.
“In light of this challenging backdrop, customer demand for offshore drilling services has fallen swiftly over the last two months,” said Valaris CEO Thomas Burke on the company’s conference call after earnings on April 30.
In late 2019 and early 2020, Valaris was getting about 20 inquiries from customers a month, with most of those expected to convert into work. “Over the past month, we received a total of 9 such inquiries, and we anticipate that fewer than half of these inquiries will lead to work for Valaris or its competitors,” Burke said.
Lundberg thinks Transocean (RIG) is in better shape, but rates the stock at Neutral instead of Buy given the uncertainties.
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Fortunately, I got out will a decent GAIN. 80% of the traders here cant even trade before 7:30am. If that meeting goes to HELL, or, oil plunges for some other reason, you wont even get that. And, if you were one of the ones who CHASED it, you COULD lose 75% of your money.
So, come on here, PUMP, and pretend you are not worried.
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Oh wait, I know what then. If they don’t cut production, peeps will remember Noble is illiquid and DUMP this shit will plunge back to .18
AFTERALL, I seem to be the only one who is actually CONCERNED there is a problem here:
*S&P Estimates Noble's Liquidity Will Deteriorate Materially Over the Next Six Mos
6/5/20, 2:08 PM
(END) Dow Jones Newswires (212-416-2800)
06-05-20 1408ET
Copyright (c) 2020 Dow Jones & Company, Inc. -
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