Overly negative sentiment is always a buy signal.
SDRL is the best way to send your kids to college!...Buy it at $20 (and change) and look at it 4 to 6 years from now...This Co. is not going out of business...The "green" people have great ideas but at this point they are being very idealistic.
Zacks is very short term oriented - bandwagon jumpers - like saying a stock that is up 20% that day may be a good stock to own - really. I am not impressed with their service.
Well, SDLP - the dropdown for SDRL is now selling at approx the same price ( was much more ) and looking at SDLP's fleet the oldest is 2008 so very good and contracts are great and for mostly at least through 2015 so I urge u to have a look and comment.
Sentiment: Strong Buy
i wonder how such manipulation affects sharing profits with the masses. it would seem the wind fall profits from high oil prices would have to be shared with people. profits made through manipulation of foreign stock markets might be easier to keep to the few in the know.
well said , and I agree . sometimes the answer is so obvious u can't see it. I bought more last week , betting oil will go back up. its in everybody interest for oil to go back up. imho
Sentiment: Strong Buy
A little while back the oil cartel was reported to of decided to not cut production in hopes to keep the PPBarrel down to slow drilling / oil sands and fracking in the US and Canada. They want the cost to be to great and to slow oil exploration across the globe. Plus they need the money and already in production - Hurt Competition and slow growth of other companies is a smart plan but will not last for long IMO.
Oil prices will rise again in less then 1 year IMO - and this will bring back the drillers like SDRL and NE - I just bought both today and will add accordingly. Catching a falling knife , I know but these two stock have dropped substantially for a while now and it is time to get my feet wet here. Add as I can.
PS - sold off some EPB to do the deal as the merge with KMI and EPB has resulted in my EPB to gain a lot and the transfer of EPB to KMI - KMI will go down some once deal is done on the 26th Nov. then I expect KMI to go up 10% in 6 months because of the consolidation and elimination of duplicate division reductions.
NE is got up for a vote , a plan for share buy back - (but IMO that will result in divvy cut too is my guess). and a divvy cut here for SDRL is expected - We shall see - GLTA
Amid all the speculation about Seadrill's dividend, the company's own words on this subject seem to have been overlooked. The latest company report contains the following:
"The Board has in connection with the disclosure of second quarter results evaluated the current dividend level. Particular emphasis has been put on financial position, order backlog and future prospects. The Board has resolved to maintain the regular quarterly dividend at US$1.00 per share. The Board had communicated earlier that this dividend level is sustainable until at least the end of 2015. With the recent contract announcements and the solid execution on the financing side, the Board is pleased to report that we feel increasingly comfortable that this period can be extended well into 2016 without any significant recovery in the market. As future units are introduced into the fleet, operating results are likely to show strong growth. This, combined with a more efficient debt structure as achieved by the term loan B financing, creates opportunities for increased direct distributions to shareholders." (Page 11.)
Those who fear the company is on the verge of a financial disaster might take a look at the company's massive backlog of contracts on page 9.
I found this quite interesting, and we'll see if this pans out (comment from "Siwyg").
It appears that what is really going on is that Saudi Arabia's sovereign wealth fund sold off most of its oil stocks, and oil related stocks such as drilling companies, BEFORE they boosted oil production. Their boosting oil production cratered the price of oil, and oil related stocks. The Saudi's have been buying up oil related stocks, at low prices, these past weeks. Now all the Saudi's need to do is cut oil production again, and watch the price of oil, once again, soar past $100 per barrel, and their sovereign fund's oil related stocks soar as well, increasing their wealth significantly. Top off your gas tanks and heating oil tanks, as this "low" cost oil won't be around for much longer.
Sentiment: Strong Buy
If you are a short term trader what are you doing with dividend stocks that are tanking? SDRL is a long term play and I'm still waiting to jump in as I believe it has not hit bottom yet.
If they earned it last quarter, they earned it this quarter - only 5% of their contracts ended this past quarter. Only ~15% of current contracts are ending through the end of 2015. I'd be quite surprised if there was a dividend cut before mid-2015.
Several analysts have stated over the last few months that SDRL should and will cut dividend in 2015.
It is already baked in. JF is strong personality so I expect he will do what he stated publicly.