Hohum777

Chris Mascarenhas

Hohum777’s Activity

Yesterday

NL

Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 7:17 PM

Re: Nov 2014

Decent results from GLNG for Q3 2014. Reviewed here--
http://boards.fool.com/glng-q3-2014-31516166.aspx

I wonder how many LNG tanker charters expire over the next 18 months? [more]

NL

Boards Post

Hohum777 replied to the Value Hounds board. 4:57 PM

Re: SDRL Q3 2014: Second take ...

Lastly, what are the possibilities that customers walking out of the contract?

Very, very unlikely. What a customer might try to do is, negotiate a lower rate or shorten the contract.
But just walking out on a contract - very [more]

NL

Boards Post

Hohum777 posted to the Shipping News board. 1:27 PM

GLNG Q3 2014

Golar reported Q3 2014 results on 11/26. This is the first quarter for Golar without Fredriksen as a major
stakeholder. The new chairman is Sir Frank Chapman who helped British Gas into a powerhouse. Tor Olav Troim
stays on as [more]

NL

Boards Post

Hohum777 posted to the Value Hounds board. 2:17 AM

SDRL Q3 2014: Second take ...

There are always challenges when trying to dig into SDRL's earnings reports. That is why I typically try to
work on SDRL in two stages. First time, usually just look at the major items. Second go-around, there's
usually more material, [more]

Wed Nov 26

NL

Boards Post

Hohum777 replied to the Value Hounds board. 7:56 PM

Re: SDRL Q3 2014: First take ... Aaaarrgh!!

Hohum,

Was this a total surprise? (I get that feeling)If so, why? I don't understand. And a lot of the responses to
your "first take" don't seem to relate so much to SDRL as to other issues.


The suspension [more]

NL

Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 7:00 PM

Re: Nov 2014

11/26
The whacks just keep coming- SDRL suspends its dividend. 20%, 30%, ... 50% cut, I might understand. Perhaps,
even 60%, if the savings were indeed being allocated to debt reduction. 100% cut, or no dividend really threw
me. And no, I [more]

Stock Advisor Boards Post

Hohum777 replied to the Stock Advisor boards. 11:04 AM

Stock Advisor Boards Post

Hohum777 replied to the Stock Advisor boards. 10:26 AM

NL

Boards Post

Hohum777 replied to the Value Hounds board. 9:51 AM

Re: SDRL Q3 2014: First take ... Aaaarrgh!!

I think this is great capital allocation by the company as buybacks at this price will carry much more oomph.
Unfortunately, I have been catching this falling knife but this could be a great turnaround if the buybacks
actually go through
[more]

NL

Boards Post

Hohum777 posted to the Value Hounds board. 4:10 AM

SDRL Q3 2014: First take ... Aaaarrgh!!

X-post on the "SA: Seadrill" board

Yikes! A worst case scenario unfolds ... Seadrill is suspending dividend distributions.

There are some nice positive developments, but the above news is going to dominate most SDRL [more]

Stock Advisor Boards Post

Hohum777 posted to the Stock Advisor boards. 4:05 AM

NL

Boards Post

Hohum777 posted to the Frontline Ltd. board. 3:36 AM

FRNT Q3 2014

This could be retitled "FRO, the right way" :)

FRNT making money from vessel operations, from investments and from vessel refunds. FRNT picked up over $290M
in refunds from the 5 Jinhaiwan VLCC newbuilds. Okay, some hasn't been [more]

NL

Boards Post

Hohum777 posted to the Shipping News board. 2:38 AM

SFL Q3 2014

- Aggregate charter revenue of $167.9M (helped by a full quarter of revenue from West Linus)
- $7.9M in cash-sweep from the vessels leased to FRO
- Net income of $34.6M
- One newbuild container vessel delivered in Sept, another in [more]

NL

Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 12:22 AM

Re: Nov 2014

11/25
Time will tell if these were the right moves or not.
- Closed out most of the ED position. Left a nibble, mostly the last ED purchase in May 2014.

- Another nibble on FAX. Might be counter-intuitive (Selling winner, buying [more]

Tue Nov 25

NL

Boards Post

Hohum777 posted to the Frontline Ltd. board. 11:45 PM

Q3 Take 2 (Earnings call)

From the presentation slides:
- Slide 7 shows the average rates of both VLCC and Suezmax categories. The Suezmax TC-out is a Q3 data-point.
But the interesting item is the VLCC TC-out line- how many vessels in that data-point? Were the ITCL [more]

NL

Boards Post

Hohum777 posted to the Frontline Ltd. board. 11:32 AM

Q3 First take

From the presentation materials:
- Operating revenue of $135.6M
- Net revenue of $65.9M
- Net loss of -$59.6M (Mostly vessel impairment losses)
- Suezmax newbuikd delivery not until 2015
- Stronger tanker rates for both categories [more]

Mon Nov 24

NL

Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 10:13 PM

Re: Nov 2014

11/24
- NNA nibble for Trading ac
- Almost bit on more NAP
- NKA nibble for Trading ac

NM reported pre-market. Cash position ($292M) and composition of revenue surprised me (more than half from
NSALI). Sure, NM have $1.6B in [more]

NL

Boards Post

Hohum777 posted to the Shipping News board. 12:36 PM

NM Q3 2014

Announced 11/24
- Rev of $152.6M
- EBITDA of $42.4M
- Net loss of $16.6M
- Added a 2012-built Cape for $51.5M
- Cash position of $292M

[more]

Sun Nov 23

NL

Boards Post

Hohum777 posted to the Frontline Ltd. board. 6:16 PM

VLCC newbuilds??

Just pointing out what's reported- Seasure suggests Fredriksen has placed a 2 + 1 VLCC order @ JMU. Or,
at least, signed a letter of intent.

[more]

Sat Nov 22

NL

Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 10:53 PM

Re: Nov 2014

Found the TNP transcript on Seeking Alpha:
[more]

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