𝐄𝓭 🎃 @MugsLuck Twitter profile | Pikagi

Pikagi

𝐄𝓭 🎃

@MugsLuck

1,435

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137

Following

897

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Joined April 2012

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@MugsLuck

𝐄𝓭 🎃

3 months

Good article $RIG $NE $SDRL $VAL $ODL.OL Enjoyed seeing my post there. HHI isn't a topic that does numbers but in honor of this shout out here's another 6 like HHI banger. Herfindahl-Hirschman Index is a measure of market concentration used to determine market competitiveness 1/4

@Ultradeep3

Ultradeep

3 months

Decent long-form OSD consolidation think piece @MugsLuck with a cameo tweet appearance $RIG $NE $VAL $SDRL

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@MugsLuck

𝐄𝓭 🎃

3 months

Some confusion today regarding the $RIG news. Here is an incomplete but handy guide to help decipher if news is good or bad for $RIG. $NE $VAL $ODL.OL

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@MugsLuck

𝐄𝓭 🎃

3 months

$RIG FSR Altas $650,000.....Haters Gonna Say It's Fake #Contingent $NE $VAL $SDRL $ODL.OL

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@MugsLuck

𝐄𝓭 🎃

2 months

$RIG August Presentation "share price appreciation will result from continued drilling market improvement & as the company executes its plan to improve its balance sheet & maximize free cash flow to equity" 🤷‍♂️

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@MugsLuck

𝐄𝓭 🎃

4 months

$RIG Deepwater Nautilus being sold for $53.5mm UDW Moored semi built in 2000, upgraded 2007. Doesn't specify demo/scrap but I'm going w/ that🤷‍♂️

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@MugsLuck

𝐄𝓭 🎃

8 months

Increased oil price historically lead to increased exploration drilling/spending the next year. But not last year. This time is different as E&Ps are focused on energy transition, shareholders & balance sheets. Why find new sources of oil when it's not needed much longer? OR 1/3

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@MugsLuck

𝐄𝓭 🎃

5 months

$PBR new chief executive Magda Chambriard Less offshore wind more offshore drilling? 'fight to obtain permits to drill in the equatorial margin. Spoke out frequently about the need to drill in fresh regions in order to replenish oil & gas reserves' $RIG $VAL $NE

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@MugsLuck

𝐄𝓭 🎃

4 months

$PBR seeks 3 high-spec drilling rigs, 3 year contracts $RIG $NE $VAL $SDRL

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@MugsLuck

𝐄𝓭 🎃

2 years

@EnronChairman

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@MugsLuck

𝐄𝓭 🎃

1 year

Floating Production Storage & Offloading $RIG $VAL $SDRL $NE $SLB $FTI $BWO.OL DNB August '23 1/5

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@BraschSven

Sven Brasch

1 year

The long-cycle #offshore bull thesis strengthens. $XOM secures assets to develop their Guyana project. $OIH $SLB $RIG

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG analysts, "our $8 valuation assumes leading-edge dayrates at $450k/d for 2024, holds for 1 year, declines to $400k/d & oil is dead. Now here's a list incredibly bullish things that have happened & will likely happen" $VAL $NE $SDRL $BORR

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG Thigpen said he does not care what competitors do on contracts. So out of respect to him I no longer care either. I'll post these updated dayrates so you can improve your models & then I'll shut the hell up. $SDRL $VAL $NE $VTDRF $DO = 🤷‍♂️

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@MugsLuck

𝐄𝓭 🎃

3 months

Stacked rigs $RIG 90% committed through YE25. Customers may soon need to consider financing reactivation of cold assets $NE customers are in budget season,typically a lot of tenders & negotiations come out of that $VAL DS-11, DS-13 & 14, We see a call on those assets 2H25 into 26

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@MugsLuck

𝐄𝓭 🎃

11 months

$RIG meeting up with some analysts

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@MugsLuck

𝐄𝓭 🎃

6 months

$RIG Q1 Earnings beat, Rev miss Me: I don't care much on the doings Q-to-Q Me every Q release:

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@MugsLuck

𝐄𝓭 🎃

7 months

$RIG $NE $VAL Obviously deepwater wells drilled is dropping... 2023= 84 2024E= 116 But UDW is not supported so wells drilled will drop... 2023 = 49 2024E = 69 Certainly it's know that spending... Funding for new offshore developments in 2023 ~$30B, highest since 2013

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@MugsLuck

𝐄𝓭 🎃

6 months

$VAL headed to $120 as $650k/d contracts start, as $RIG likely hits $3. 100% downside risk. Why would industry leaders move together on a day to day basis & both trade down when 1 has bad news? Buybacks make $VAL superior, paying down debt rarely increases stock price $NE $TDW

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@MugsLuck

𝐄𝓭 🎃

2 months

For Clarity 1) Development Driller III - Benign semi 2) Discoverer Inspiration - Drillship Paying debt - Bad Not paying debt - Bad Buying rigs - Bad Selling rigs - Bad Hope this helps, GL

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@MugsLuck

𝐄𝓭 🎃

1 year

Total Drillships & Owners $RIG $NE $VAL $SDRL $DVD.OL Just thinking about more consolidation. $DO rumors forever, then $VTDRF said they were ready. Plus no scrapping until M&A I'd imagine? 1/2

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@MugsLuck

𝐄𝓭 🎃

10 months

Anyone else doing the beach for Christmas? Thanks to $RIG I am. No, not from that sick 0.8% some OSDs pay out. Not from trimming at the top like FinTwit legends do. $RIG taught me debt is a way of life. As long as dayrates stay ~800k/d & DS are valued at ~$1B I'll be just fine

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@olaharaldmoen1

ola harald moen

@olaharaldmoen1

10 months

#tankergang Marry xmas from Los Cristianos hide your gold!

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@MugsLuck

𝐄𝓭 🎃

2 months

$RIG "Updating the Model"

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@MugsLuck

𝐄𝓭 🎃

11 months

$RIG Semi Contract Barents current rate $365k/d 1Q25 540 day, $465k/d +2yr option $480k/d

@Ultradeep3

Ultradeep

11 months

$RIG

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@MugsLuck

𝐄𝓭 🎃

3 months

“The first of its kind” $RIG $CVX $TTE $SUBC.OL Reservoir depths at Anchor 30,000 - 34,000 feet below sea level. Max reservoir temperature reaching 250º Fahrenheit (121º Celsius) Deepwater Titan drilled & completed the wells. RIGs 1 min vid on UDW depth

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@MugsLuck

𝐄𝓭 🎃

3 months

Me: Now the time to buy tech? Also me: $RIG $NE $XOM $FTI $TDW $STNG $FRO

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@MugsLuck

𝐄𝓭 🎃

8 months

Catch-22 $RIG $VAL $NE $BORR This should clear things up nicely

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@MugsLuck

𝐄𝓭 🎃

6 months

$SDRL FSR "Secured highest dayrate in the current cycle with a clean dayrate of $545,000" (West Capella, 1 well) Q1 Results Earnings beat Tiny Rev miss "Repurchased 9.9mm shares, 12.4% of issued share count, since September 2023"

Seadrill Announces First Quarter 2024 Results

Seadrill Limited ("Seadrill" or the "Company") (NYSE OSE: SDRL) today reported its first quarter 2024 results. Quarterly highlights Delivered operating profit of $80 million and Adjusted EBITDA (1)...

ir.seadrill.com

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@MugsLuck

𝐄𝓭 🎃

9 months

Saudi Aramco contracted rigs % of 2024 EBITDA $SHLF.OL ~30% (35% rev. through first 9 months of '23) $BORR ~12% , $VAL ~12% Aramco is ~24% of JU demand Curious how much Middle East growth analysts were counting on in PTs? (I'd say little, so is dump overdone?) % of Fleet👇( $TDW)

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@MugsLuck

𝐄𝓭 🎃

9 months

@Agent0088156721 RIG has no exposure to Saudi Arabia / shallow water. So it flipped green. Notable JUs on contract in SA $VAL JV (ARO) = 16 $SHLF.OL = 9 $BORR = 3 my take, $BORR sell off is insane, others a bit justified but over done.

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@MugsLuck

𝐄𝓭 🎃

10 months

'5 Stages of an O&G Investing' $XOP $XOM $OIH $RIG $NE

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@MugsLuck

𝐄𝓭 🎃

1 month

Esgian $RIG $NE $VAL $BORR Navigating rig values in a volatile market. Rig sales, short-term outlook, 2024 key trends & long-term scenarios for offshore rig market. Expects $NE to recycle 2 more semis. Currently 79 rigs have been stacked for 1000+ days 1/3

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@MugsLuck

𝐄𝓭 🎃

5 months

As for $RIG needing a few years before returning capital to shareholders. Though a fringe idea on twitter, I agree with COO Adamson. "From a returning cash point of view...Our share appreciation as it grows with dayrates is similar to a dividend" Fight me if you must. You wrong

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@MugsLuck

𝐄𝓭 🎃

1 year

Just think, all the debate over, demand, reactivations, idle rigs, hell even sentiment, NAV, debt. & all the bears needed was " $VAL exists" Not blaming them for the current shellacking, only in general $RIG $NE $SDRL $DO But it's about to change, so today I stop poo-pooing them

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@MugsLuck

𝐄𝓭 🎃

8 months

$RIG Drop Two decks February Presentation And added some slides in the SpareBank Energy Conference Materials Floater demand could actually be increasing E&P spending on offshore drilling could actually be increasing

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@MugsLuck

𝐄𝓭 🎃

2 months

$RIG Come on, it never ends. Mohn buys another $6.2 million in stock. AKA "Securities Acquired" AKA Massive dilution incoming AKA held directly Ltd wholly owned subsidiary indirect beneficial owner buying to sell flip the dip to the suckers & it's over.

SEC Filings | Transocean Ltd.

The Investor Relations website contains information about Transocean Ltd.'s business for stockholders, potential investors, and financial analysts.

investor.deepwater.com

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@MugsLuck

𝐄𝓭 🎃

9 months

$RIG $NE $VAL #fourdollar #ZERO

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@MugsLuck

𝐄𝓭 🎃

8 months

Sparebank 1 Energy Conference Feb 27th Starts 30:15 $NE CEO Robert Eifler FID 1-2yr leading indicator tells a bullish story Public tenders at a 10yr high w/ higher avg term 41:20 NB economics math 🍆 44:40 JUs 49:07 $RIG President & COO Keelan Adamson 1/5

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@MugsLuck

𝐄𝓭 🎃

9 months

$RIG + $VAL rumors. Thoughts on how this could get done? I would love to see the offshore investors be one big happy fam. Will $SDRL + $DO happen 1st? What about $VTDRF? $NOL.OL going to be forced to do something? $SPM.ML + $DVD.OL. Wen #TransDrill ?

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@MugsLuck

𝐄𝓭 🎃

1 year

"Newbuilding firmly back on the agenda" $BORR pic 1 $RIG pic 2

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@MugsLuck

𝐄𝓭 🎃

5 months

$RIG MAYY recap 1) 25% post earning run 2) PBR new Chief says moar offshore 3) Elliott buys $9.7mm 4) Insider buys $12mm 5) $SDRL merger rumor 6) Added to Russell 2000 Value Index +positive market dynamics & all. Now service stocks discount normalize in near future $SLB $NE $VAL

@WallStJesus

JE$US

5 months

$SLB

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG From a few weeks ago, no press release. I did't see any contract details then. Deepwater Aquila $504.5mm contract, ~$460k dayrate, will include mobilization fee & additional services/MPD which will lead to a lower clean dayrate estimated in low $400,000s

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@MugsLuck

𝐄𝓭 🎃

1 year

In this sad moment for dayrates I'll show some appreciation to a few of those that get involved w/ trying to figure it all out It's always good, calm discussion in reality. But here, I imagine an alternate, violent universe (where Tommy hits me with a chair) $RIG $NE $TDW $BORR

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@Ultradeep3

Ultradeep

1 year

Unsurprisingly $VAL will be responsible for a likely mid-cycle correction $OIH $RIG $NE

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@MugsLuck

𝐄𝓭 🎃

2 months

$RIG Dhirubhai Deepwater KG1 Drillship Contract 6 wells in India, 300 day program commence 2Q26 ~$123mm in backlog (excluding additional services & a mob fee) If all options are exercised, the rig would remain in India through the end of 2029.

Transocean Ltd. Announces $123 Million Ultra-Deepwater Drillship Contract | Transocean Ltd.

STEINHAUSEN, Switzerland , Sept. 04, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that Reliance Industries Limited awarded a binding Letter of Award for the...

investor.deepwater.com

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@MugsLuck

𝐄𝓭 🎃

7 months

Esgian Offshore 1Q24 & '25 Outlook $RIG $VAL $NE $BORR 1:30 JU trends, demand, Total utilization 75%, contracted 90%+ since early '23 8:50 Demand, increased availability but utilization expected to remain high 11:40 Floaters 13:25 Demand & Utilization 1/3

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@MugsLuck

𝐄𝓭 🎃

6 months

$RIG $NE $VAL $BORR $TDW Pace of the Energy Transition. Implications for Offshore Sector. Rystad Energy April 16th 4:13 E&P investment, sustained growth in offshore drilling spending likely to 2030 6:27 Rig & OSV demand Expects more demand in JUs (.) 1/2

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@MugsLuck

𝐄𝓭 🎃

1 year

$VAL Simple test, to be sure $RIG $NE $SDRL "Alright, and a follow up. What would you say is the appropriate dayrate on these here units?" Borgland Dolphin & Valaris DS-14 (Atwood Archer) $RIG $NE $SDRL $DDRIL.OL

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@MugsLuck

𝐄𝓭 🎃

5 months

$RIG Fleet UDW rigs= 32 including all 26 drillships (using their definition & FSR water depth) Global fleet UDW drillships= debatable. But it's over 70, & 90 is low IMO $RIG Norway capable= 7 Global fleet= 25 (2 are stranded newbuilds, +West Aquarius= 26) $RIG Cold Stacked= 11

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@MugsLuck

𝐄𝓭 🎃

8 months

In bullish times $RIG should outperform $VAL to the upside, it did. In bearish times outperform to downside, it did. If/when things get bullish will this happen again? 1yr timeframe is important because of the sun, earth all that. But I chose another timeframe to illustrate this.

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@philoinvestor

Philoinvestor

8 months

Thoughts on $VAL Vs $RIG?...

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@MugsLuck

𝐄𝓭 🎃

9 months

"The RIG" a planed $5B theme park in the Arabian Gulf. 3 hotels, 800 rooms, 11 restaurants, amusement park, splash park, E-sports centre, theatre & multipurpose arena $RIG $VAL $NE $BORR $ODL.OL video link

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@MugsLuck

𝐄𝓭 🎃

9 months

$RIG 'Redemption'

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@MugsLuck

𝐄𝓭 🎃

10 months

$RIG "Stacked" Now that was a surprise

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@MugsLuck

𝐄𝓭 🎃

6 months

$RIG any positives? Current Atlas contract up May 2025 now extended 4 wells at 505k/d Spitsbergen contract up April 2025 LOI for 3 well extension ~150 days, plus a 6 well option "actively engaged in conversations for rigs that are not scheduled to roll off contract for 1-3yrs"

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@MugsLuck

𝐄𝓭 🎃

1 year

More $RIG bad news. HE semi Transocean Equinox has options in Australia until 2028. The 2026 rate is $505k/d increasing to $540k/d in '27, to low. I know what you're thinking, clean? & a disclosed rate could change in the future due to further cost escalations or de-escalations🖕

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@MugsLuck

𝐄𝓭 🎃

10 months

Thankful for recent new followers🙏. People think women are not into drillships & investing in cos like $RIG $NE $TDW but these ladies get it Not all white women look the same. But 3&5, same girl? (earrings) (If 1 of you is actually into rigs & obscure energy memes please DM me)

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@MugsLuck

𝐄𝓭 🎃

7 months

$RIG $ODL.OL $BORR

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@MugsLuck

𝐄𝓭 🎃

9 months

$VAL February FSR “We are also beginning to see early signs of a recovery in the North Sea jack-up market from 2025 as evidenced by several awards at improving day rates” - CEO

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Valaris rigs collect $1.2 billion for drilling jobs spanning geographies

Valaris has landed a batch of new contracts and extensions across multiple geographies for three floaters and six jack-ups in its rig fleet.

www.offshore-energy.biz

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@MugsLuck

𝐄𝓭 🎃

8 months

To celebrate 1k frens, I made a vid about the journey. And yes I know, it's not a "clean" 1k.

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@MugsLuck

𝐄𝓭 🎃

4 months

Floaters - Utilization 1 reason for the decline is the activation of 7 stranded drillships pic1. The 6+7G drop is clear in p2. 7G dropping 2% to 96%, 6G 5% to 85%. Pic3 is floaters ex-drillships. Still, ~92% of available floaters are contracted. $RIG $NE $SDRL $VAL $ODL.OL 1/7

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG #DeepwaterAquila

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@MugsLuck

𝐄𝓭 🎃

1 year

$DO $513,000 rate is described as clean because it does not include mobilization & other fees highest dayrate awarded since 2014 highlights significant market tightness for high spec drillships New hater lines include: It's short duration Only 1 well is it multi-year $500k/d?

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@MugsLuck

𝐄𝓭 🎃

1 year

$DO Drillship contract ~July 2024 Newer new FSR no dayrates listed or anything so don't get excited. $RIG $NE $VAL $SDRL

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@MugsLuck

𝐄𝓭 🎃

1 year

#Offshore Drilling Panel Discussion Marine Money, Olav Sissener DNB Richard Barker $NE & Chris Weber $VAL (Audio Link) (PDF Link) ( RIG $DO $SDRL $BORR ) 1/7

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@MugsLuck

𝐄𝓭 🎃

6 months

$RIG - 😂 Nice lady: "hello, and welcome...." Algo: 1% dump

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@MugsLuck

𝐄𝓭 🎃

1 year

JPM - coming energy crisis may be worse than what Europe experienced w/o increasing O&G capex, we risk energy deficits & acute inflation across the commodities complex believe oil should normalize higher. Doesn't see $100-$120 oil as demand destructive

JPMorgan says the coming energy crisis may be worse than what Europe experienced

JPMorgan on Friday pounded the table for energy stocks, as higher-for-longer interest rates further squeezes the flow of capital into new supply.

www.marketwatch.com

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@MugsLuck

𝐄𝓭 🎃

7 months

$NE $VAL $SDRL $ODL.OL $DO OSD crew awful quiet. Don't want to kill this run or make a baggy quote? I'll say it, they all looking good with 1 exception. Sorry $RIG but if you can't pay the debt you got to drop.

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@MugsLuck

𝐄𝓭 🎃

1 month

I am very happy to be wrong about the Constellation contracts. Laguna Star contract way better than I expected. $RIG $SDRL $NE $VAL

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@robhawcroft

Rob Hawcroft

1 month

@MugsLuck BaML have terminal rates of $355k ibn 2028. If that is even remotely true no new drill ship will ever be built. And its at odds with $RIG s $500-600k contracts.

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@MugsLuck

𝐄𝓭 🎃

6 months

$VAL Q1 FSR DS-9 exercised 6 month option in Angola (still 2 more 6 month options) DS-17 exercised 60 day option in Brazil (rate goes to $497,000 up from $447k/d)

Valaris Reports First Quarter 2024 Results

Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported first quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, “I am very pleased with our start to...

www.valaris.com

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@MugsLuck

𝐄𝓭 🎃

8 months

$RIG 10-k dropped 'Shaming' is contentious issue. Some respond well, others no so much. In this case, after a certain someone said non 10-k readers a illiterate morons (paraphrase mixed with me projecting). I'm resolved to read...60%

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG $NE $DO $VAL $SDRL $BORR $TDW Regional rig outlook / activity 1/2

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@MugsLuck

𝐄𝓭 🎃

6 months

$RIG "Implied 1 day share move following earnings 5.7%" Good luck & may god have mercy on your soul

@RHODIUMRAP

RHODIUM

6 months

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@MugsLuck

𝐄𝓭 🎃

1 year

After reading $RIG does not care what competitors do on contracts. I spent the weekend caring. But this is great. If someone can't understand owning $RIG over say $VAL $NE $DO $SDRL start here driving dayrates, HE exposure, most high spec floaters contract roll, spare capacity

@TommyDeepwater

Tommy Deepwater

@TommyDeepwater

1 year

$RIG $OIH Deepwater Weekly Update, Sept 8, 2023. Barclays CEO Conference Summary, Part 2 of 3. "The Quarterback of Offshore Drilling" $SDRL $DO $VAL $NE All did well at Barclays but Jeremy Thigpen of $RIG lit up the room with his confidence and charisma. Management matters.

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@MugsLuck

𝐄𝓭 🎃

2 months

$RIG $NE $VAL Another Semi headed for scrap. Stena Spey for sale / sold rumors confirmed. Sold for recycling, is expected to be towed to a yard Jan 2025. Also Drillship Stena Carron Guyana contract extended until June 2025.

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@MugsLuck

𝐄𝓭 🎃

2 years

ATB Raises Targets $STEP.TO $10 from $9.50 $ESI.TO $9 from $7 $CFW.TO $14.50 from $13 $PD.TO $174 from $140 S/D fundamentals for high-spec rigs, pressure pumping, directional drilling remains extremely tight, the energy service sector should see further margin improvement in '23

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@MugsLuck

𝐄𝓭 🎃

9 months

Floater Stranded Newbuild Update "Demand for this pool of incomplete drillships & semisubs is high due to the booming global deepwater oil & gas market" - " $RIG $VAL $NE $SDRL are struggling to keep up with demand" Clarksons predicted floater utilization would reach 96% by YE25

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@MugsLuck

𝐄𝓭 🎃

8 months

1- COSL Nanhai 8 won this $PBR bid then Constellation appealed. Now it says rate is ~$146,800k/d down from $207, nice. 2- $NE Viking new contract 3- $DDRIL.OL to scrap Bideford Also $RIG Deepwater Aquila heading to Brazil to start 3yr $PBR contract in June

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@MugsLuck

𝐄𝓭 🎃

1 year

OSD Earnings Calendar Kicking off Monday $RIG $VAL $NE $BORR

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@MugsLuck

𝐄𝓭 🎃

2 months

$NE Deck. I know, lies! But Deepwater spend expected to inflect. ~20% forecasted increase for 2026-27 compared to 2023-25 Offshore sanctioning ramping significantly exceeding prior decade highs Higher demand late '25 & '26 would call on 7G reactivations

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG Reports Third Quarter 2023 Results 'Aquila further reinforces $RIG leadership position in the high-specification, UDW drilling market...we remain in the early stages of a multi-year upcycle'

Transocean Ltd. Reports Third Quarter 2023 Results | Transocean Ltd.

Total contract drilling revenues were $713 million, compared to $729 million in the second quarter of 2023 (total adjusted contract drilling revenues of $721 million, compared to $748 million in the...

investor.deepwater.com

@MugsLuck

𝐄𝓭 🎃

1 year

$RIG Q3 earnings after close Mon 30th call Tue 9am EDT Consensus EPS -$0.22 Revenue 724.89mm EBITDA 137.89 Guidance Adj Revenue $720 O&M $540 G&A $55 Capex $75 pic1 Earn est. p2 Price targets p3 EPS & revenue forecast

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@MugsLuck

𝐄𝓭 🎃

8 months

E&Ps appetite for investment $RIG $VAL $NE $BORR Twitter Quotes vs WoodMac X: IOCs don't even want to drill WM: (shift in IOC spending) big winner is deepwater, Deepwater share of investment will double through the middle of the decade compared w/2020 1/2

Is consolidation changing upstream’s appetite for investment? | Wood Mackenzie

Big upstream takeovers are a signal of greater confidence in future oil and gas demand. What's the long-term outlook for E&P investment? Is the industry currently spending enough? What are the...

www.woodmac.com

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@MugsLuck

𝐄𝓭 🎃

1 year

For those curious why $VAL is the best run & why it is obvious they played their hand way better than $RIG Read Judds letter & the comments below. It'll give you some ideas to further look into. I think he is trolling a bit but also don't know him.

@hkuppy

Kuppy

1 year

@CaptainRoyen @CorneliaLake No civil war here. Just baffled that $VAL trades at such a discount to peers, despite being the best run with the best assets. It should have a large premium and 2 year in, it’s become obvious that $VAL played their hand waaaay better than $RIG….

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@MugsLuck

𝐄𝓭 🎃

1 year

If you thought fake floater utilization from having supply to reactivate as the cycle goes on was bearish. Wait until you see all the supply not owned by $RIG $VAL $NE. Here's 1 now trying to come back. This 1987 classic can even operate in 1,000 ft waters

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@MugsLuck

𝐄𝓭 🎃

2 years

@Tsxman @smantel May ETF Net Flows $ARKK = $658 Million Inflows $XLE = $477 Million Outflows $IYE = $821 Million Outflows $XOP = $242 Million Outflows $OIH = $429 Million Outflows

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@MugsLuck

𝐄𝓭 🎃

6 months

$VAL Q1 call - Market dynamics still good, long cycle, S/D will continue to tighten. pic2-4 Share repurchase info Q: on the 'unless' caveat A: we won't, unless..😉 Q: Would you consider scrapping / conversion? A: Attractive option is to hold. Q1 deck 1/2

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@MugsLuck

𝐄𝓭 🎃

1 year

$VAL Ultra-Deepwater contract negotiation team

@AgathaChocolats

Agatha Chocolats

@AgathaChocolats

1 year

In six words or fewer, write a story about this photo. #sixwordstory #WritingCommmunity

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG $NE $DO $VAL $SDRL $ODL.OL $NOL.OL $DDRIL.OL $VTDRF $DVD.OL $BORR $SHLF.OL OSD YTD Performance - Anything notable or surprising to anyone? Dolphin / RIG deal was not well received. Anyone like the name want to give their 2¢ ? Winners keep winning or laggards (VAL) run?

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@MugsLuck

𝐄𝓭 🎃

5 months

$RIG added in 3 Russell reconstitutions Russell 3000 (ETF example $IWV pic1 some current holdings) Adds-> Other Russell index adds not announced but link shows $RIG added in 2 more Russell 2000 Value $IWN Russell 2000 Dynamic $OMFS

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@CorneliaLake

Lake Cornelia Research Management

5 months

$IWM Estimates from Piper below on impact of the $IWM moves. This is an art, not a science. $PWFL - 16.6 mm shares $SOC - 7.9 mm $RIG $NE $VAL $TDW all picking up some incremental buying

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@MugsLuck

𝐄𝓭 🎃

8 months

Offshore drilling business model, spread rate & well economics $RIG $NE $VAL In 2020 the dayrate model was questioned. Former $SDRL CEO believes the industry needs to evolve & consolidation could be the trigger. Was there real interest in change? Would it even be wanted now? 1/4

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@MugsLuck

𝐄𝓭 🎃

5 months

Dead $RIG Bounce As everyone knows, 6G is preferred. Despite 7G utilization +90% & 6G 85%, marketed 7G fleet since '21 grown from 30 to 53 & 6G still 30, 2023= largest gap of customers choosing 7G over 6G including post c0vid ('24 will beat that), only 18% of 6G rigs MPD equipped

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG call Ol' Roddie knows how to get my speculative juices flowing. But I think they mostly gave up the goods. Getting 8 down to 3, got there not counting Barents @TommyDeepwater alluded to it getting work. Are they counting Mykonos & Skyros options? Stacked reactivation chance?

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@MugsLuck

𝐄𝓭 🎃

11 months

People always ask me, Ed Paul B., how can your $RIG model be 600% upside & 100% downside? Easy, I'll tell 'em, I input all them numbers. Bad, then good, calculate that data to get a narrow range. Anyhows, $45 target, YE24 target $11, Reiterate "sell"

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@MugsLuck

𝐄𝓭 🎃

2 years

$CET.TO Cathedral Energy Services September Price Targets (current $0.63) $1.80 Acumen Capital $1.75 Peters & Co $1.65 Stifel Average upside = 175% I am long 200k shares (so far). Posting during an O&G beating to invite criticism. This trade is years, not days.

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@MugsLuck

𝐄𝓭 🎃

1 year

$RIG $NE $DO $TDW all 52 week highs. Some people questioning the "fake floater cycle" & $RIG is a zero with crude in $70s thesis. Here is some reading to consider on why some people have been bullish. 1/3 $VAL $SDRL $BORR $SMHI $ODL.OL $SHLF.OL $NOL.OL $DVD.OL $DDRIL.OL

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@MugsLuck

𝐄𝓭 🎃

6 months

$RIG-splaining $ODL.OL I like this type format when they happen. I relate & she seems like a good woman. But perhaps he should familiarize himself with her body language a bit. Or not maybe it's alpha male shit? I have no idea what women like

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@MugsLuck

𝐄𝓭 🎃

11 months

You buying the dip, again? $RIG $NE $VAL $DO $TDW $BORR $ODL.OL

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@MugsLuck

𝐄𝓭 🎃

1 year

Wanting to start a $VAL position the last few days. Not yet, maybe next year? $RIG $NE $SDRL $BORR Same-Same....but different

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@MugsLuck

𝐄𝓭 🎃

10 months

7G Drillship Supply, Newbuilds & Pareto Are there 11 7G NBs & 70 total? Is this semantics, old data, just wrong? Part 1 Semantics Both use S&P global data DNB “Total’ & Pareto ‘Current’=191 DNB ‘Marketed’ & Pareto Under contract+Warm=168 $RIG $NE $VAL $SDRL $DDRIL.OL $ODL.OL 1/5

@ed_fin

Ed Finley–Richardson

10 months

Floater market overview via Pareto

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@MugsLuck

𝐄𝓭 🎃

8 months

The following is meaningless & also factual. The day after the last $RIG EPS/ Earning "beat" it was up ~15%. 90 days later it doubled to $7.23 from $3.60 The point? There's danger on the edge of town Weird scenes inside the gold mine Ride the snake

@Ultradeep3

Ultradeep

8 months

$RIG 4Q adjusted EBITDA $122mm vs $140mm guidance mostly due to lower revs ($748mm v $760mm guidance)

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@MugsLuck

𝐄𝓭 🎃

8 months

$RIG 10 k complete, no celebration as it's on to this 170 page banger- PRE 14A (preliminary proxy statement) Mohn appears 49 times🪦 Fungible share pool, clawback, inclusive,😴

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