SocialPicks Sentiment:
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This Quarter's Sentiment:
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SocialPicks Community
BUY: GlobalSantaFe Corporation (Public, NYSE: GSF)
GSF
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BUY: GlobalSantaFe Corporation (Public, NYSE: GSF) $58.50 (3/13/07) Sell price: $61.43 or Sell date: April 13, 2007Stop loss: $56.97 (-2.6%) Coming off decline with good accumulationFibonacci analysis bullishEMA/MACD very bullishImproving, positive, CMF (5-day) Profile: GlobalSantaFe Corporation is an offshore oil and gas drilling contractor, owning or operating a fleet [...]
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Huge profit potential
GSF
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Huge backlog of orders combined with some serious pricing power = very large profits
With the on going shortages within the oil industry for rigs and equipment expect margins to grow and profits to soar
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My favorite oil driller
GSF
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My favorite oil driller is GlobalSantaFe, whose exposure to offshore and international stands in contrast to the land drillers, who recently saw weakness per comments from Nabors on their last quarterly earnings call. The 2% dividend provides income while waiting for the value to be realized. At oil prices anywhere above $45 per barrel, GlobalSantaFe should do well.
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From the Blogosphere
Transocean (RIG) Solid Earnings
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The same pattern we've seen in many oil service stocks played out in Transocean (RIG) yesterday. Solid earnings. Falling on deaf ears. Due to the mix of ships (they have a lot of shallow drillers who have much higher competition levels) I prefer some other names in the sector in the here and now, but for the long run RIG is bringing on the most supply of deep sea drillers which is where the real money is.
The chart is actually breaking out - unfortunately to the benefit of shorts, not longs. The 50 day moving average ($144) is quickly closing in on the 200 day ($136s) - the last thing yo...
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Oil prices going for the $130 mark, are you ready?
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In Sept 2007 I wrote the reasons<> why oil prices might spikes to $90 and beyond. But if you were reading that piece of article back then you might screamed StockTube has gone crazy. With current oil prices above $102 a barrel (in fact it traded close to record $104 on Tuesday trading) you might laugh at how cheap the black gold was at $90 a barrel six months ago. Was there any magic lamp that I’ve rubbed and told by genie that oil prices would skyrocket?
Nope, it was based purely on the basic of how global markets will react to Federal Reserve’s interest rate cut. You cut interest rate, the<>< /><>< /><><>< />< /><><><><>< />< /><>< /><>< />< /><><>< />< /><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< />...
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Pre-Market Gappers
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In reaction to strong earnings/guidance: SPLS +8.8%, ATVI +8.3%, KOPN +4.9%, CTRN +3.5%, DCI +3.1%, CMRG +2.9%, TECD +2.5%, ESRX +2.0%, TECD +1.5%, AEO +1.3%... Financials showing strength following Abu Dhabi investment in Citi, positive BCS guidance: UBS +4.5%, C +4.0% (announces plans to sell $7.5 bln of equity units to Abu Dhabi investment authority for $7.5 bln), BCS +4.0% (gives guidance and seeks to reassure investors on earnings), LEH +2.6%, WFC +2.0%, GS +1.5%, MER +1.4%, JPM +1.2%, BAC +1.2%, WB +1.1%... Other news: BBND +11.9% (announces that five additional Chinese operators are ...
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57 stocks closed at all-time highs
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<!--noadsense-->“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil
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Bob
(+0.74% risk: aggressive)
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More Resources
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About GlobalSantaFe Corp
- Answers.com
