Energy post of mine Re Energy related to Golar and North Atlantic Drilling
Energy & Offshore, Golar LNG (LNG NASDAQ ), North Atlantic Drilling ( NATDF Pink Sheet, but will be listed NADAQ at end of year, likely 3Q
2 Posts of mine on iv respective boards today. ( Keep in mind that I believe there are 2 reasons for the recent decline.
1. Election in Greece. Polls not allowed 15 days prior to election day, but it all looks like, both the largest parties, that has had some 80 % in the Parliament, will suffer a 50 % haircut, both of them. Thus, the Protest parties could actually make a difference, and, again, put the EU membership on the agenda, and if the dominoes starts to fall, might pull out of EU, and go back to Drakmer. The latter was earlier described by the EU countries, IMF, USA (banks/financials), and every Finance Guru around the world, would be the worst case of all. That is why so much money and effort was made to save them. But, I Hope EU Central Bank and IMT, both recently been filled up with close to 1 Trillion Euro...... from recollection, that they are better equipped to deal with a crisis, than earlier on.
The requirement from EU and the IMF, that, both, the 2 large parties agreed on Not to Change, Status Quo, but, what about it if Protest parties makes up large Balance in the Parliamentarian Nos. ?
I've been a merchant shipbroker/operator for 43 years, and Yes I do know the Greeks, Famous for back trading....and I don't trust them one bit. They think they fooled you, pure stupidity, as we have conduit, and always led them believe, they did LOL
2. French election tomorrow. Financials and politicians scared of the Socialist Mr. Hollande, which go neck and neck, with President Sarkozy.
Once we, hopefully, get past these two elections favorably (at least right wing coalition, and Sarkozy winning, I believe we will see a Big Time Rally; so watch the results, France, Greeece, ''tomorrow'' night your time.
France and Greece have election tomorrow, let's hope for relief rally, Greece in due course, the latter of course being the Magic one.
Posts of mine today: (links IV)
Cheers, it's Saturday