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Posted on 12/12/14 at 4:17 pm to Indfanfromcol
quote:
what happens to a companies stock if they get bought out by another, larger company?
I can speak to the legal side a bit, it depends on what kind of sale, asset v. stock for example.
If you google that it gives you the outcomes with regard to the stock.
Also look at a biz law class that covers basic merger and acquisitions. There are some guys here that can talk about share valuations, asset discounts etc.
Posted on 12/12/14 at 5:42 pm to GalvestonTiger12
Does the iPhone now take oil to run? I don't know wtf Apple is dropping like a ton of bricks for 
Posted on 12/12/14 at 8:27 pm to bayoubengals88
Back in i think 1998 oil was around $12 a barrel
Posted on 12/12/14 at 9:28 pm to Double Oh
Yes. I remember $0.68/gal gas, those were tough times having grown up in the oil patch and my dad in the business.
Posted on 12/13/14 at 1:53 am to Indfanfromcol
Commonly, the target's share price goes up due to a takeover premium usually being incorporated. For the buyer, it generally depends on whether or not the deal is accretive to earnings.
Posted on 12/13/14 at 11:19 am to GalvestonTiger12
Good thoughts on low oil prices from Peter Schiff Oil Analysis
It's also embedded near the bottom of https://sgtreport.com
It's also embedded near the bottom of https://sgtreport.com
Posted on 12/13/14 at 8:59 pm to GalvestonTiger12
quote:
I know that oil is at a rare low
What? In the early 80's it went from 30bbl to 9bbl. Rare low at around 60?
Posted on 12/13/14 at 10:41 pm to glassman
The drilling contractors are saying this will be a 2 year lull in drilling. A lot of rigs going off contract or unable to get a new one.
I am gonna wait until the summer to see where things stand. I don't think some contractors will make it out of this one alive. Most are in debt more than ever and still building new rigs without contracts.
I know I am not an investor expert but I have worked in the industry for almost 25 yrs. There will be some great opportunities to buy drilling contractors stock.
I am leery of buying small producers because there will be several that get bought out. All the big names will do fine and they have the money to cherry pick these fields.
This will be a great opportunity to make some money!
I am gonna wait until the summer to see where things stand. I don't think some contractors will make it out of this one alive. Most are in debt more than ever and still building new rigs without contracts.
I know I am not an investor expert but I have worked in the industry for almost 25 yrs. There will be some great opportunities to buy drilling contractors stock.
I am leery of buying small producers because there will be several that get bought out. All the big names will do fine and they have the money to cherry pick these fields.
This will be a great opportunity to make some money!
Posted on 12/14/14 at 2:52 pm to offshoretrash
So as someone who works in the industry, who do you like/expect to survive in the downturn? Care to speculate on it? I'm long oil in general in several ways, and got into SDRL a month or two ago. Bought again last week and expect it to go under 10 where I will buy more.
Posted on 12/15/14 at 7:42 am to eye65
quote:
So as someone who works in the industry, who do you like/expect to survive in the downturn?
Transocean, Noble, and Diamond are in pretty good shape. I think ENSCO will be hurting, they have several rigs coming off contract. There are several foreign companies that will get hurt bad. This will give some of the stronger ones a chance to buy up rigs. I look for Noble especially to buy a company or rigs. They have downsized recently and this is a way for them to build back up.
For a long term investment keep an eye out for Petrobras. It's hard for me to trust them but the potential is there, it just may be 4 or 5 more years down the road. Their stock was already low because of the corruption going on inside the company, it's around $7 now.
Posted on 12/15/14 at 8:06 am to offshoretrash
I see Petrobras sliding another 30-50% and then im jumping in
Posted on 12/15/14 at 8:36 am to offshoretrash
Appreciate the insight. I had NE and RIG on watch for about a year and chose to go another direction. If they all go to 10 bucks I may just end up with a basket of drillers.
PBR I watched for years it seems and eventually gave up as it got so negative. It became a train I didn't want to try to step in front of. If it keeps sliding maybe it's worth gambling on.
PBR I watched for years it seems and eventually gave up as it got so negative. It became a train I didn't want to try to step in front of. If it keeps sliding maybe it's worth gambling on.
Posted on 12/15/14 at 11:54 am to eye65
Thoughts on VDE? Vanguards energy index? It's at a 52 wk low...
Posted on 12/15/14 at 12:19 pm to SomeGuyFromLA
quote:
energy index
quote:
at a 52 wk low
Take your pick
Posted on 12/15/14 at 1:56 pm to Odinson
CVX is probably less than an hour from falling through two year old support.
Posted on 12/15/14 at 2:31 pm to LSUneaux
She gone!
Posted on 12/15/14 at 2:33 pm to LSUneaux
CVX at a 4.5% yield is when I jump in
This post was edited on 12/15/14 at 2:34 pm
Posted on 12/15/14 at 2:52 pm to SomeGuyFromLA
quote:
Thoughts on VDE? Vanguards energy index? It's at a 52 wk low...
I've been eyeing VDE for a couple of months now, but I'm holding off as I doubt it has reached its floor. Here's a snapshot:
Posted on 12/15/14 at 4:31 pm to AlexLSU
Looks like the next support on VDE is in the 90's... I don't see how I could lose long term even at today's entry point
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