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Started By
Message
re: Is Hornbeck Offshore (HOS) all but done?
Posted on 6/8/17 at 5:14 am to crazycubes
Posted on 6/8/17 at 5:14 am to crazycubes
Unless a war breaks out not a chance. In fact we are liable to see to lows in 2018.
0
Posted on 6/8/17 at 7:29 am to Y.A. Tittle
Been riding this wave down from $10.. I like to think HOS is not done.
Posted on 6/16/17 at 5:09 am to Y.A. Tittle
Someone believes they'll make it...increased from 200 to 300 million and extended from 2020 to 2023
big bet on HOS
terrible rates, but gives them 3 additional years
big bet on HOS
terrible rates, but gives them 3 additional years
Posted on 6/16/17 at 8:45 am to Ole War Skule
quote:
Someone believes they'll make it
If anyone will, they will. But it just won't be rewarding for stock holders, and is definitely nothing to get excited about.
Posted on 6/16/17 at 9:15 am to juice4lsu
quote:
definitely nothing to get excited about.
has moved from 1.5 to 2.5...I bought calls when it was at 1.5, about tripled my money, I'll go ahead get excited
Posted on 6/16/17 at 10:17 am to Ole War Skule
quote:
Someone hopes they'll make it
The lenders really have no choice but to extend and pretend when the alternative is bankruptcy.
Posted on 6/16/17 at 11:26 am to Douglas Quaid
quote:
The lenders really have no choice but to extend and pretend when the alternative is bankruptcy.
Pay attention junior.
They ADDED 100 million to the line of credit.
They certainly didn't 'have' to do that, especially this far in advance. Maybe they know something you and I don't.
Posted on 6/16/17 at 11:49 am to Ole War Skule
Well if its a rebound in the offshore market they are wrong.
Posted on 6/16/17 at 11:58 am to GREENHEAD22
None of this solves the supply demand problem. There are just way too many damn boats. There are boats tied up in backwaters all over south Louisiana of companies I've never even heard of.
Posted on 6/16/17 at 12:00 pm to Ole War Skule
quote:
They ADDED 100 million to the line of credit.
By offering up about 70% of their fleet as collateral.
It's all here is this little SEC filing.
Posted on 6/16/17 at 12:17 pm to GREENHEAD22
quote:
Well if its a rebound in the offshore market they are wrong.
agreed
Posted on 6/16/17 at 12:47 pm to Ole War Skule
I hope you didn't actually think the lenders just gave HOS $100M as a gesture of goodwill...
Posted on 6/16/17 at 2:07 pm to Douglas Quaid
quote:
I hope you didn't actually think the lenders just gave HOS $100M as a gesture of goodwill...
well no sh*t sherlock.....I hope you don't think they lent them another 100mm on boats that can't be sold at practically any price if they didn't have 'some' confidence in their ability to make it..
good grief, just give it a rest....it's a positive development for the company which is obviously still in trouble
Posted on 6/16/17 at 2:14 pm to WavinWilly
quote:
None of this solves the supply demand problem.
This, and the fact that it is now far less expensive to re-deploy drilling inshore than offshore.
Well done with your options play, OWS. Personally, I'm an investor not a trader, so that's why I believe Hornbeck to be in a very tough environment.
This post was edited on 6/16/17 at 2:15 pm
Posted on 6/16/17 at 4:10 pm to Ole War Skule
Well I just wanted to be sure that you were paying close enough attention because you said "they ADDED 100 million to the line of credit" when in fact they mortgaged the majority of their fleet in exchange for that line of credit. There is a pretty big difference between the two.
Posted on 6/16/17 at 5:48 pm to juice4lsu
quote:
I'm an investor not a trader, so that's why I believe Hornbeck to be in a very tough environment.
I am also an investor with 95% of my portfolio. I buy and hold for years and years. Everyone once and a while I gamble with a little....and it was a gamble
Posted on 6/16/17 at 5:49 pm to Douglas Quaid
quote:
"they ADDED 100 million to the line of credit" when in fact they mortgaged the majority of their fleet in exchange for that line of credit. There is a pretty big difference between the two.
You are correct.
Posted on 6/17/17 at 6:30 pm to Ole War Skule
I read an article about Mexico opening up to foreign E&Ps getting into deepwater but not having the infrastructure to support it. It discussed using Fourchon to suppport exploration. Could that help companies like HOS?
Posted on 6/17/17 at 10:39 pm to dkreller
quote:
I read an article about Mexico opening up to foreign E&Ps getting into deepwater but not having the infrastructure to support it. It discussed using Fourchon to suppport exploration. Could that help companies like HOS?
Simple answer is No, it is not an issue with available leases, the issue is deepwater exploration and production is not economically feasible in the current environment.
These projects are long term investments that can take a decade or more to actually turn a profit on from planning to production.
Today's supply demand curves coupled with tech advances makes tying up billions in long term projects a bit dicey.
Posted on 6/17/17 at 11:50 pm to cave canem
quote:
These projects are long term investments that can take a decade or more to actually turn a profit on from planning to production.
I completely understand that and it seems for that reason, Mexico should not be hindered in the least bit by current oil prices if they're serious about exploring and producing deepwater assets, right?
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