JesuisHoHum47

Chris Mascarenhas

JesuisHoHum47’s Activity

Yesterday

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 12:26 AM

Re: May 2016

Fredriksen's offshore drilling entities - SDRL, NADL & SDLP, all reported Q1 2016 results today. There's a lot
to sift over. Just some random observations
- SDRL's contract backlog is rolling away quite quickly, down to $4.3B [more]

Thu May 26

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 12:44 AM

Re: May 2016

5/25
Okay, the decision to not nibble on NM was not a very smart idea - NM shares bounce more than 50% on
today's earnings report. Shares not too far from the $1 mark

[more]

Tue May 24

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 11:54 PM

Re: May 2016

5/24
Okay, yesterday's West Hercules forced the decision on SFL. Dumped the most expensive SFL shares (Roth ac).
SFL report results in a couple of days- I still own a cunk of shares, but all with a purchase price under $14. If
SFL [more]

Mon May 23

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Boards Post

JesuisHoHum47 posted to the Shipping News board. 11:20 PM

Tanker rates

Many of the crude tanker companies have reported Q1 2016 results- SFL, TNP and FRO have yet to report. VLCC spot
rates seem to have held up from a strong Q4 2015, Suezmax rates have eased off somewhat, and Aframax have also held
up quite [more]

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 10:55 PM

Re: May 2016

5/23
A good plan here is a little hazy, so I am settling for small moves
- Added to OHI in DRIP ac
- Cut the small OZM stake by 50% with today bounce.

More bad news for SDRL, and potentially SFL- Statoil terminated the contract [more]

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Boards Post

JesuisHoHum47 posted to the Macro Economic Trends and Risks board. 1:11 AM

Big industrial shift

With the dearth of orders for drilling rigs and new ships, the big South Korean shipyards are having serious
discussions on selling some of their infrastructure e.g. their vessel construction docks.

[more]

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Boards Post

JesuisHoHum47 posted to the Shipping News board. 12:52 AM

OSG Q1 results

Overseas Shipping Group (OSG/OSGB) announced Q1 2016 results earlier this month.
- Crude tanker segment results improved significant YoY (Higher VLCC averages, higher Aframax averages, no
dry docking for VLCCs)
- Product tanker segment [more]

Fri May 20

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 8:35 PM

Re: May 2016

5/20
Reported by both broker Seasure and Norwegian media Tradewinds- Fredriksen has picked up a pair of 2nd hand VLCCs
from CMES @ around $118M--
[more]

Thu May 19

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 10:55 PM

Re: May 2016

5/19
Bunch of tanker (TK, TNK, NNA) and/or oil services (TOO, TGP) entities reporting today. Didn't look at TGP,
but I did quickly scan the results of TNK and TOO. Was not too impressed with TOO. They still have a lot of
capex spending [more]

Wed May 18

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 8:40 PM

Re: May 2016

5/16
- Trimmed NNA in Trading ac on bounce

5/18
- Started EURN position in Mizone ac

- SDRL announced a debt-for-equity swap. Retired $55M in 2017 notes by issuing 8.1M in SDRL shares. A couple of
discussion threads on [more]

Fri May 13

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 11:09 PM

Re: May 2016

WoHoo! Friday the 13th - are these scary moves?
1. Closed out CPLP in Mizone ac
2. Considered an exit of NAP in Trading ac
3. Added to mouse (DIS) in Mizone ac
4. Appalled at REED mgmt ability to execute
5. Trimmed PSEC in Roth [more]

Thu May 12

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Boards Post

JesuisHoHum47 posted to the Shipping News board. 12:00 AM

Fleet developments

Reported this week:
- NAT's acquisition of four 2nd hand Suezmax vessels
- DHT's sale of its remaining Suezmax tanker
- FRO's (actually this is a SFL vessel) sale of the oldest VLCC in their fleet, 1998-built Front [more]

Wed May 11

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 4:50 PM

Re: May 2016

5/5
Closed out EGY in Trading ac
Exited BXE in Roth ac


5/11
Fairly active day in Trading ac
- Closed out GMLP in Trading ac (still have some units in DRIP ac)
- Closed out SVVC in Trading ac (still have some units in [more]

NL

Boards Post

JesuisHoHum47 posted to the Value Hounds board. 1:02 AM

Golar mgmt shuffling

About 19 months ago I posted on the split between John Fredriksen and Tor Olav Troim (TOT). The split resulted in
Fredriksen exiting Golar LNG (GLNG), and TOT quitting the Seadrill (SDRL). An interesting development in the split was
the [more]

Thu May 5

NL

Boards Post

JesuisHoHum47 replied to the Shipping News board. 11:11 AM

Re: SFL's 20F

Would I be crazy to try it again? ; )

t h


Based on the current price ($14.50 - $15/sh), I think SFL is at an above-average price. Since SFL owns some SDRL
assets, there is a strong likelihood that SFL will have to make [more]

Wed May 4

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Boards Post

JesuisHoHum47 posted to the Shipping News board. 11:29 PM

NAT grows

NAT announced a recent deal to acquire four Suezmax vessels (2004, 2004, 2003 and 2000 build) for $106M.

[more]

Tue May 3

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Boards Post

JesuisHoHum47 posted to the Hohum's RollerCoaster Ride board. 11:47 PM

May 2016

5/2
Additional AVB nibble for DRIP ac

5/3
Grr! Energy, Energy Services & Shipping sell-off. Somewhat unfortunate timing for DHT which reported great results
and hiked their div from 18c => 25c; Both SDRL and SDLP will have [more]

Mon May 2

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Boards Post

JesuisHoHum47 replied to the Value Hounds board. 12:14 AM

Re: Where is LeKitKat?

Monster Fluff (LeKitKat) has not posted for weeks. Her last post was on a MF Stock Advisor board on 3/5/16.

Sat Apr 30

NL

Boards Post

JesuisHoHum47 posted to the Shipping News board. 7:47 PM

EURN Q1 2016

Announced 4/27,
- Revenue of $214.9M, plus $13.8M capital gain from asset disposal.
- EBITDA of $164M
- Net income of $113.5M
- Vessel avg's: spot VLCC @ $60.6K & Suez @ $38.4K; TC VLCC @ $40.8K & Suez @ $32.3K

[more]

NL

Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 6:13 PM

Re: HoHum's Shipping basket 2016

4/29
Awrighty, as April winds up, time to poke at the basket. My two biggest shipping ideas- SFL & NAP moved up.
Had trimmed each one a little after the initial moves, will likely trim a little more of each after ex-div.
The reason is [more]

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Big gold star, 5000 posts Old School Fool
Board Posts 12079
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