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Las cameco están hoy como ayer, probando los niveles y obviamente super manipulada.
Ayer la empujaban por encima de los 11$ después de tocar los 10,36. Hoy la han llevado hasta los 10,5$.
Seguramente sean los mismos los que la empujan en ambos sentidos.
Freedom is driven by determination
A las OSD las están volviendo a machacar hoy. Ensco con casi el -10%.
Tremendo.
Freedom is driven by determination
Mas barata que en diciembre donde llego a bajar a 13,08 y pocos, ahora mismo esta en 12,12. Pero tampoco inspira mucha confianza, aunque tarde o temprano rebotara para los que os atreveis con los swings.
Dan ganas pero es una industria que lo va a pasar muy mal. Están todas jodidas en resultados, sobrecapacidad y deudas.
Freedom is driven by determination
Interesante comentario y update de Joeri en SA sobre la reciente emisión de bonos de TK. También me parecen interesantes las diferentes posibilidades que ve para una relación futura entre TK/TGP entre las cuales ve la posibilidad de una fusión: "In 2021, there should have either been some TK-TGP merger or IDR modification transaction, or TGP should pay much higher distributions." Esta no la había oído antes…
New SEC filing on TK refinancing.
seekingalpha.com/...
TK is going to reduce the bond amount to 250M$ (from 300M$) and the maturity from 2024 to 2022. The TOO transaction (lowering risk), as well as the maturity date from 2024 to 2022, should both lead to a reduced risk profile of the bond and a lower interest rate. Also, TOO wasn't paying a distribution anymore, so selling the TOO shares and lowering the bond, will result in better cash flows going forward.
I personally think it's smart (and maybe a hint on future plans?) that they went for 2022 debt now (TK also has 125M worth of convertables also maturing Jan 2023). It should result in a lower interest rate (again increasing cash flows). As well, why hold expensive 2024 debt that long, when cash flows are set to materially increase. In 2021, there should have either been some TK-TGP merger or IDR modification transaction, or TGP should pay much higher distributions (TNK might also very well be paying dividends again). TK cash position should be way stronger by then, so refinancing the 2022 loan should be at a much more favourable structure then.
Some nuggets from the filing:
"We are making certain modifications to our previously announced offering of $300 million in aggregate principal amount of senior secured notes due 2024 as follows. Subject to market conditions, we intend to offer $250 million in aggregate principal amount of senior secured notes due 2022 (the “Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”) (the “Offering”). The Notes will be guaranteed on a senior secured basis by certain of Teekay’s subsidiaries and initially be secured by first-priority liens on two of Teekay’s floating production, storage and offloading (FPSO) units, a pledge of the equity interests of the Teekay subsidiary that owns all of Teekay’s common units of Teekay LNG Partners L.P. and all of Teekay’s Class A common shares of Teekay Tankers Ltd., and a pledge of the equity interests in the Teekay subsidiaries that own three of its FPSO units."
"Teekay Parent is in discussions regarding and expects to enter into an agreement with CNR to extend the employment of the Petrojarl Banff FPSO unit on the Banff field for a period of one year to the end of August 2020 on substantially similar terms to the current contract, including a variable component linked to oil price and production tariffs."
Sounds like they are pretty sure they will extend the Banff for a year.
Remember that TK had 10.5 million shares shorted on the latest reading. At this point, what is their case to remain short?!? I expect the short interest to be grinded down and much better TK equity prices going forward. TK took a lot of risks off the table last weeks.
A ver si reinicia compras John Goff. Mi referencia para meterle mas son los 2.78 de su compra mas barata. Eso supondrá un -50% de mi precio inicial.
Un contratiempo de produccion de 5 dias no deberia ni ser noticia. Si un jefe de obra posteara todos los dias los contratiempos que surgen en una obra del Ave, las grandes constructoras estarian todas quebradas.
Mucho humo sobre Rainy River. La caida de hoy es por el oro, no por el agua.
NGD ya ha demostrado hace 2 meses que se va de 0.8 a 1.25 solo con que un rayo de sol se cuele entre las nubes.