SDRL has the latest rigs in motion. There earning will be good and will pop over $15 and go up from there in the summer months.
So i am buying on the dips to increase my position..
I would not be surprised if they issuer announcements in placing a dividin
LINE was down also, but SDRL is up big at pre-market on THU morning.
If their is bad news at the conference of course its a sell. And if their is good news of course its a buy. those are just common sense statements.
This stock trades with the price of oil and the strength of the dollar on most days. Today the range was the narrowest it has been in a long time. This stock has been popular with TRADERS since the volatility is so great you have been getting huge moves on some days. You ask if we anticipate it going to $10 before it goes up. That all depends on the price of oil AND the earnings report that comes out on May 28th. Even when the earnings have been good on similar companies the stocks really haven't rallied on that news so I go back to the price of oil as being the main catalyst. The price of oil, the strength of the dollar and a little attention towards the conflict in the middle east is what is evaluated on a daily basis with this stock.
I just started my first position at 12.599 and feel that oil is close to a bottom. It just seems like this message board is pretty bearish
Yes but did you buy it at 9?:)
I am the smart money i sold this at 15...this has a good chance of going back to 9...once earnings hit you can decide long or short very easily....why would i get long if it is losing money...imo this is a massive sell if they don't beat earnings
I am long shares and options. I think it was great they suspend the dividend. They have a good backlog. They have a very modern fleet. The bank in Norway is willing to work with them. I do have concern on debt. But I averaged down a ton from my initial 30 a share
Could these numbers be accurate or the Fed throwing out their fake numbers as usual suspect? Lets hope these are the real numbers and not some big oil company pulling their strings!
Blah blah blah... onto 15, then to 20. Day rates you dummies. They are falling. Falling rates = falling revenues. What part do is alluding you?
from what I read its actually the third consecutive week that inventory levels have dropped and the strong dollar is having its negative effect on oil