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Oilfield bonds
Posted on 2/7/15 at 11:32 am
Posted on 2/7/15 at 11:32 am
3 yr Transocean and PBR yielding 7+. Discount as well Transoceans at about 96ish. Weatherford and Nabors at 5 ish but they are above par. I don't want to go further out than that because at some point the government has to quit manipulating rates like they are now. Thoughts?
3
Posted on 2/7/15 at 7:12 pm to bovine1
quote:
Thoughts?
Avoid anything Transocean related like a pack of flesh eating zombies right now.
Posted on 2/9/15 at 7:12 pm to Coeur du Tigre
I was thinking of that but right now the financials i.e. current ratio, interest coverage, and cash on hand look ok. There's obviously concern and some future questions or they wouldn't be yielding that much. Transocean recently did go on S&P creditwatch.
Posted on 2/9/15 at 8:51 pm to bovine1
quote:
Transocean recently did go on S&P creditwatch.
Transocean was having liquidity problems on the horizon with full rig utilization. With the amount of stacked rigs they have now the debt may prove to be too much. Current conditions could prove to be the death knell for them; low utilization compounded with a glut of new competition steaming out of shipyards worldwide.
Posted on 2/9/15 at 9:22 pm to cave canem
BlackRock stepped up today bigtime in RIG.
Posted on 2/9/15 at 9:29 pm to bovine1
RIG bonds were up today as well. 1 trade at 98.875 most at around 97.
Posted on 2/9/15 at 9:37 pm to bovine1
Interesting but I've decided not to bite. I'm gonna go with BGT I think.
Posted on 2/9/15 at 10:07 pm to bovine1
quote:
BlackRock stepped up today bigtime in RIG.
The value in RIG right now is it's assets not it's future. JMHO
Posted on 2/10/15 at 9:05 am to bovine1
Today's oilfield bonds are tomorrow's oilfield equity.
Posted on 2/10/15 at 2:57 pm to TheHiddenFlask
Posted on 2/10/15 at 3:05 pm to redstick13
That is one of the most poorly designed websites I have seen.
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