They just don't get supply and demand, as supply increases, demand decreases, so follows revenues. It will be a race to the bottom, and it ALWAYS takes longer to play out than what folks suspect. Gosh, do people think Bull Markets last forever ?
The main thing holding up oil production from fracking is a lack of transportation infrastructure to get the oil to markets. That is steadily coming on line, and production should increase with it. U S oil production is the highest it's been since the 70's from fracking and will continue to grow.
You evil basher. Can't you read? You are only allowed to post if you say how great SDRL is. And here you are, posting something that indicates more risk for SDRL holders. What's with that? How is that relevant to an investment decision?
But until this kind of sentiment is utterly washed from this stock, the shorts will have the upper hand.
Statoil's decision to suspend operations of a second rig offshore Norway in just more than two months will add further pressure on rental rates amid sanctions against Russia
“We read this as another negative for the North Sea drilling market, and particularly for rigs coming off contract on the Norwegian continental shelf,” Janne Kvernland, an analyst at Nordea Markets, said in a note to clients. Companies with rigs ending contracts next year include Seadrill
I cant find the story elsewhere. I saw it originally in the St. Louis Post Dispatch. See Below:
KIEV, Ukraine • Ukraine moved to resolve months of crisis Tuesday by strengthening ties to Europe and loosening some controls over the country’s rebellious eastern regions where it has been fighting Russian-backed separatists.
The actions by lawmakers began to flesh out the emerging picture of a new Ukraine, where a determined pivot toward Europe has come at great cost: concessions to Russia and a war with rebels that killed more than 3,000 people and pushed the West’s relations with Moscow to Cold War-era lows.
The measure deepening the economic and political ties with Europe was the issue that sparked the crisis last fall, when then-President Viktor Yanukovych’s decision to shelve the deal in favor of closer ties with Russia sparked protests by hundreds of thousands. Those demonstrations eventually drove him from power in February and led to the annexation of Crimea by Moscow and the rebellion in the east, where a shaky cease-fire began Sept. 5.
The deal lowers trade tariffs between Europe and Ukraine, requires Ukrainian goods to meet European regulatory standards and forces the Kiev government to undertake major political and economic reforms.
After parliament ratified the measure, lawmakers leapt to their feet to applaud and sing the Ukrainian national anthem. A live broadcast of the session was beamed to the European parliament.
President Petro Poroshenko called the vote a “first but very decisive step” toward bringing Ukraine fully into the European Union.
He said the protesters who died in clashes with riot police in Kiev and the government troops killed by rebels in the east “have died not only for their motherland. They gave up their lives for us to take a dignified place among the European family.”
“After World War II, not a single nation has paid such a high price for their right to be European,” he said. “Can you tell me, who now after this will be brave enough to shut the doors to Europe in front of Ukraine?”
Earlier Tuesday, the parliament also approved laws granting temporary self-rule to rebellious, pro-Russian regions in the east, as well as amnesty for many of those involved in the fighting.
The lawmakers took that action behind closed doors, in stark contrast to the patriotic fanfare of that vote on the European agreement. In his thunderous speech, Poroshenko did not mention those two measures, which are likely to generate far more controversy among Ukrainians.
One of the laws calls for three years of self-rule in parts of eastern Ukraine and for local elections in November. It grants concessions that were not offered in a peace plan that Poroshenko put forward three months ago when he became president, such as local oversight of court and prosecutor appointments and local control of police.
A separate bill calls for amnesty for those involved in the eastern fighting, although not for persons suspected or charged with crimes including murder, sabotage, rape, kidnapping and terrorism. The law also does not grant amnesty to those who have tried to kill Ukrainian law enforcement officials and servicemen — meaning that most of the separatists, who have waged war for five months on government forces, could not be eligible.
The decision to hold a closed-door session — an anomaly in the Ukrainian parliament — underscored the political challenges of the measures. Although Poroshenko did not mention the bills in his speech, he was later quoted by Interfax-Ukraine as saying that he felt “we are obliged to take a step to ensure that the other side takes corresponding steps” toward peace.
Alexander Zakharchenko, the leader of the rebels in the Donetsk region, told Russia’s RIA Novosti news agency that the separatist leadership would study the measures, an unusually conciliatory statement compared to the rebels’ previous assertions that they aim for complete independence.The U.S. State Department congratulated the Ukrainian lawmakers.
“By forging ahead with this agreement in the face of great challenges, Ukraine’s leaders have carried out the will of the Ukrainian people, who demonstrated their overwhelming support for further integration with Europe last winter and with their votes in the May 25 presidential elections,” said Marie Harf, deputy spokeswoman at the State Department.
Harf also applauded the passage of the amnesty and self-rule measures, saying they were “two important commitments Ukraine made in the Minsk cease-fire agreement on Sept. 5.” She urged Russia and the separatists to begin immediate and full implementation of the cease-fire agreement.
The passage of the measures came as Poroshenko begins his first state visit to Canada and the U.S., where he will address a joint session of Congress on Thursday and is also scheduled to speak to the U.N. General Assembly next week.
The EU association agreement was long sought by Ukrainians who want their country to turn westward and out of Russia’s sphere of influence, and its passage was welcomed by many in Kiev, even if they also were worried about some of the government’s actions.
“I participated in the protests, and we’ve been waiting for this for so long,” said Rostislav Sezov, adding that he didn’t oppose greater autonomy for regions in the east.
“Let us be smaller but better. Let us be a core that is oriented toward Europe,” he said.
During the protests in February, the EU’s flag — the same blue and yellow as Ukraine’s — was seen everywhere. That symbol faded into the background as demonstrators, who set up camp on Kiev’s Independence Square, fended off riot police night after gripping night with barricades of bricks and burning tires.
But even after Russia annexed Ukraine’s Black Sea peninsula of Crimea in March and a pro-Russian rebellion broke out in eastern Ukraine in April, the new Kiev government made it clear that it would not back down from the EU deal.
In Brussels, EU lawmakers overwhelmingly ratified the agreement.
“The message this sends could not be clearer: the European Parliament supports Ukraine in its European vocation,” said Martin Schulz, the president of the EU Parliament. “The European Parliament will continue defending a united and sovereign Ukraine.”
Russia has strongly opposed Ukraine’s tilt toward the EU and it has threatened that the reduction of tariffs on Western goods would force it to limit the influx of Ukrainian products into Russia.
In a significant concession to Moscow, Ukraine and the EU agreed last week to delay the full reciprocal implementation of a reduced-tariff regime until at least 2016.
Both Brussels and Kiev have asserted that other parts of the agreement, such as major political and economic reforms in Ukraine, will not be delayed, but those compromise efforts have many Ukrainians worried that its government is giving away too much to Moscow.
Alexander Sinegub, an entrepreneur who was walking in downtown Kiev, said he had “mixed feelings” about the EU deal.
“Nothing has been cleaned up. They’ve put a bunch of more-or-less patriots at the top of the government, but beneath them everybody has stayed the same. Half a year has passed and yet it’s somehow sad to look at all of this,” he said.
Also on Tuesday, Russian Defense Minister Sergei Shoigu said the military will increase its forces in Crimea due to the “exacerbation of situation in Ukraine and increased foreign military presence near our borders.” He said Russia will have a “full-fledged” force deployed to Crimea, but wouldn’t give any details.
The cease-fire in eastern Ukraine has been riddled by violations from the start. On Tuesday, the city council in Donetsk said three people died and five were wounded in shelling overnight.
Col. Andriy Lysenko, a spokesman for Ukraine’s national security council, said three Ukrainian servicemen were killed in the past day. Clashes continue in the area around the airport in Donetsk, the largest city under rebel control.
On Monday, a shell hit a municipal bus in downtown Donetsk, killing one person and injuring another. Evgeniy Medvedev said his mother, Tatiana, was killed on the bus, and he covered her body with a jacket. He said she had been at work when the firing started, and got on the municipal bus to get out of the neighborhood.
All MBs have a few active bashers, but this one has many more and they are the most creative that I have seen. That creativity tends to expose their motives for posting because their post are so unbelievable.
It goes by the pay date. The dividend comes into your account, stays in cash overnight, gets priced at the pay date's close. So, if the market is significantly down on the pay date you get lucky.
I have dividend reinvesiting on SDRL with the pay date the 18th is that when it buys or does it go by ex div date? Sorry for a rookie question but love the stock to be at this price for a new buy.
The article I read said the deal was between the Ukraine and the EU and was effectively laughed at by the pro-Russian separatists and dismissed by the Russians.
If that's the case, I see it as two friends agreeing to stay friends while the non-friends watch the two friends hug. I'm not sure that's an effective or lasting solution to anything.
Ukraine has hammered out an agreement apparently with both the Europeans and the Russians. These deals are never fully clear right away, but it sounds like:
1) Russia keeps the Crimea.
2) Ukraine aligns with Europe with a phased dropping of trade barriers and a presumed future membership in the Euromarket. A comment by a Russian suggests that NATO membership is also in the cards sometime.
3) Specified political and economic reforms.
4) Temporary self rule for ethnic Russians in the eastern areas of Ukraine. (3 yrs)
All in all, a surprisingly favorable settlement of the matter for Europe and the Ukrainians. And one that should end sanctions against Russia.
The problem is to find oil field... 300M - 500M a year just "try to drill to see there is some oil" is quite risky...
I guess you weren't paying attention when the ceo spoke about bifurcation ... day rates are down for the older rigs, not so much for SDRL's newer high-spec rigs
For months now, the ANALysts have been kicking this sector with the story of rig oversupply, but because of *BIFURCATION* SDRL is best positioned and isn't as affected by the lower rates
Sorry ... there are too many investors on this board who understand what is going on with this stock, you can't raise doubts in them
I hope you increase your SDRL short position though ... you will get a nasty surprise soon
downgraded to sell . . . for the same problems sdrl has. I know sdrl has a more modern fleet, that does not negate the fact that day rates are down and oil at the current price will not support any positive change. Major Countries are in or near recession, Hey the ceo said things will be tough. I'll buy at a much cheaper price
That's fine, I have enough confidence for both of us. I just bought more today @$30.27/share today. I bet this stock kicks your shortie #$%$ in the next few weeks.