tag:blogger.com,1999:blog-7294165939647321702.post5362749090621494620..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Transocean Oversold?Saj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7294165939647321702.post-33851672241735411102010-06-16T00:02:23.402-04:002010-06-16T00:02:23.402-04:00Very well written, bought some shares at 46$. But...Very well written, bought some shares at 46$. But, thank God I didn't see your post earlier ;)Simon Garceaunoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-85885539887934380762010-05-25T09:04:02.312-04:002010-05-25T09:04:02.312-04:00Excellent value at $50/share and below. getting a ...Excellent value at $50/share and below. getting a $3.11 dividend this year as well in 4 installments.<br /><br />should be hitting 50 soon.<br /><br />JustinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-13080962144123466762010-05-06T10:40:08.869-04:002010-05-06T10:40:08.869-04:00Interesting article and good research. Too many wo...Interesting article and good research. Too many working parts in the thesis for me though. I agree that the comps should also be down due to the increased threat of government regulation.editorhttps://www.blogger.com/profile/12858695074851273911noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-59147873360621029942010-05-06T09:13:41.582-04:002010-05-06T09:13:41.582-04:00http://www.ft.com/cms/s/0/3af2493a-5861-11df-9921-...http://www.ft.com/cms/s/0/3af2493a-5861-11df-9921-00144feab49a.html<br /><br />It is not just the Gulf of Mexico at risk...Unknownhttps://www.blogger.com/profile/16802672549268387771noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-64153929992432661152010-05-05T16:55:41.035-04:002010-05-05T16:55:41.035-04:00Saj,
As Frank points out perhaps the sell-off has...Saj,<br /><br />As Frank points out perhaps the sell-off has been because of the expectation that Gulf coast drilling will see some weakness going forward. RIG's ultra deep water floaters (UDWF's) have 50% exposure to the gulf coast, and their future deployable UDWF's also have high exposure to gulf coast. Maybe they will get contracted to Brazil but right now these are the highest day rate rigs in their arsenal and have some regulatory overhang.<br /><br />My guess is (as tgoc99 pointed out) that the overhang of reduced drilling activity in the gulf might be a concern for the group.<br /><br />- sk (not Saj Karsan)Unknownhttps://www.blogger.com/profile/03430882072740435551noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-72456464710697454962010-05-05T13:30:30.273-04:002010-05-05T13:30:30.273-04:00It appears the whole industry is getting hammered ...It appears the whole industry is getting hammered without regard to whether they have much exposure to the Gulf, as part of the market's overreaction to the event in general.<br /><br />I understand why HAWK would be beaten down - if the US gov halts future production in the Gulf, HAWK is essentially a no-growth annuity until its current contracts run out. But NE, DO, RDC shouldn't be hit like this with the exposure they have!Frankhttps://www.blogger.com/profile/07035193725717367189noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-16304625612105968432010-05-05T13:20:11.911-04:002010-05-05T13:20:11.911-04:00That seems to be a good case for irrational fear. ...That seems to be a good case for irrational fear. The comps may also be over sold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-85969794577456989682010-05-05T10:19:11.419-04:002010-05-05T10:19:11.419-04:00Stock hasn't sold-off solely due to fear of li...Stock hasn't sold-off solely due to fear of liability or litigation. NE and DO are off 16.5% and 11.7% vs. 18.1% for RIG. Not saying it isn't oversold but considering their best comps are also off a considerable amount it seems that the sell-off is not solely (or even primarily) due to liabilityUnknownhttps://www.blogger.com/profile/16802672549268387771noreply@blogger.com