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HERO
Oct 24, 2013 22:06:15 GMT -5
Post by clinton on Oct 24, 2013 22:06:15 GMT -5
Hercules Offshore beats by $0.04, beats on revs (HERO) 7.19 : Reports Q3 (Sep) earnings of $0.11 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.07; revenues rose 40.6% year/year to $225.3 mln vs the $221.48 mln consensus.
The latest quarterly results reflect the positive momentum in the U.S. Gulf of Mexico and healthy conditions in the international drilling and liftboat markets. We expect these trends to carry forward through 2014. Several positive long-term developments also occurred during the third quarter, including our consolidation of Discovery Offshore and subsequent contracting of the Hercules Triumph, five-year extensions on two of our rigs in the Middle East at significantly higher pricing, and successful refinancing of $300 million in senior notes which lowers our borrowing cost and strengthens our liquidity. These developments have led to a substantial growth of backlog, which currently exceeds $1 billion, and build upon our foundation for long-term growth and sustainability. Over the coming months, backlog is expected to grow further, as several new contracting opportunities exist in our domestic and international drilling operations."
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HERO
Oct 24, 2013 22:09:26 GMT -5
Post by clinton on Oct 24, 2013 22:09:26 GMT -5
Kind of an iH&S if that 200ma holds Attachments:
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HERO
Nov 1, 2013 9:46:28 GMT -5
Post by clinton on Nov 1, 2013 9:46:28 GMT -5
Im wiffing on this one I know it trades off the price of oil but they dont sell oil, they sell oil rigs cant imagine profits getting hurt too much by short term drop in oil prices
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HERO
Nov 1, 2013 10:28:17 GMT -5
Post by clinton on Nov 1, 2013 10:28:17 GMT -5
bounce dammit Attachments:
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Post by clinton on Nov 7, 2013 13:48:12 GMT -5
here Novie. HERO is one of my babies they had good ER and are rated highest EPS growth in their sector
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HERO
Nov 7, 2013 16:03:42 GMT -5
Post by novie08 on Nov 7, 2013 16:03:42 GMT -5
Thanks, Clinton. Don't know why this didn't come up when I searched for it. Hope you still own; great day for it esp. on such a big Down one. Deleted the other thread.
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Post by clinton on Nov 7, 2013 16:05:56 GMT -5
yes, Im still long. HERO goes bonkers at the oddest times
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HERO
Nov 11, 2013 9:59:53 GMT -5
Post by clinton on Nov 11, 2013 9:59:53 GMT -5
out 7.32 this no pomo market going to crash just feels like it
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Post by clinton on Jan 23, 2014 12:13:36 GMT -5
wow Attachments:
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Post by novie08 on Jan 24, 2014 13:29:47 GMT -5
One of the few names green on my list today. So let's watch those long red candles and see whether they trigger buys.
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Post by clinton on Sept 23, 2014 8:45:14 GMT -5
I walked away from HERO a while ago too much debt and not enough profit will give you a chart like this Attachments:
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Post by clinton on Sept 23, 2014 9:11:01 GMT -5
This might help someone warning signs I look for: Debt way larger than market cap debt/equity above 100 EPS is negative = always a deal breaker and cash flow statements with negative numbers, especially levered, thats how much money is left after paying all the bills. not perfect, but be aware of these factors when you trade the worse these numbers the tighter the stop if your day trading bullish side Attachments:
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Post by huh on Sept 23, 2014 9:14:49 GMT -5
Great info Clinton. Thx for posting.
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