To all the people bashing this stock as a "sell and go away" type of company. I want to say thanks...
While you obviously think SDRL is a dud and you would not buy this with someone else's money you still find time to come to this message board and warn all of us stupid people about the dangers of owning shares.
You could be off at work, With the kids and family or doing research on other stocks to by but your concern for our financial well being keeps you here trying to talk us into selling this bad investment.
Thanks from the bottom of our heart. Your kindness and selfless thoughts are an inspiration to us all.
Your problem is you never took economics or figured out simple math... Too much Debt, No demand for rig because of low oil price and they can't afford to pay for New Rigs they ordered... all this add up to Chp 11 and wipe out of share holder. Every day you wake up in terror wondering how much money you lost today on your terrible stock choices... you will never make money in the market kem!!
They ordered new rigs believing that oil would remain in the $100s. What idiots! The US oil production had been going up for years and for them to believe that oil would remain in the $100s is idiotic. You would think that they monitor oil production and new trends but NO. Management was content with the huge salaries and believed that by ordering more rigs and more revenue they could justify even higher salaries and benefits. They had no shareholder value in mind. imho
how only 4-5 folks post here day in and day out? These are just paid bashers/pumpers. This is all
they have to do all day long. So sad, but very true. Nobody even reads this board anymore because
of this. If this was their goal, then they've succeeded. I've seen so many message boards go by the
wayside due to folks like this. Counterproductive to their goal, but this is what happens.
The reasonably well-regarded National Iranian Oil has the technical chops to restore, eventually, the million or so barrels a day in production that were lost when the last round of severe sanctions went into effect in 2012. But it won’t be able to bring more than 500,000 barrels a day back on line within six months after sanctions relief, says Andrew Slaughter, head of the Deloitte Center for Energy Solutions. The rest will take up to two years, since gas needs to be reinjected, equipment repaired, and personnel redeployed. An added one million barrels a day would increase world production by 1%, not enough to affect oil prices significantly.
investment and I conclude SDRL is the best to buy right now. When oil price returns to $100, this stock will reward you 4 times to the current price and of course plus dividend.
SDRL is a company that got highest profit, highest debt, highest revenue; but NO dividend that is beautiful at the current environment.
ATW is the most safe stock in offshore driller due to high profit and lowest debt; but you will get only 2x return when oil price reaches $100.
NO Gain NO Pain gentlement.
No way they make it.. and they still have to somehow cough up more cash for new rig deliveries that no one wants to lease.
Yes, of course he is, but he's a bit late to the party (as usual). Cramer has a bad habit of reporting things after they've happened, I'm sure it props up his strike rate... LOL I watch him for entertainment purposes, and disregard most of what he says...
Credit Suisse downgraded from neutral to under perform. Reduced the target from 7 to 5. Both of which are under last nights close of 7.41
The last call from them, a downgrade to neutral was made on 8/28/15
on 8/27 the PPS at close was 7.38 opened lower on the downgrade at 6.99 and closed at 7.90 as the price of oil has risen. So perhaps this dude doesn't have a lot of street cred, eh!
You don't really understand the stock market, do you?
Out of curiosity, how far are you under?
there are two types of Bubbles, when you overbuy and speculate on the upside, you will get hammered. Same scenario when a stock is ridiculously oversold like SDRL, eventually shorts will lose their pants. I lough when I see all these speculators paying people to post biased information on against offshore drillers, making it look like these companies are going out of business and it;s the end of the world. surprisingly the only companies showing consistency in earning and revenue are offshore drillers, how is it possible to recruit these idiots in WS that doesn't know anything other using Facebook and provide financial analysis on pub traded companies that 180 deg our of phase. Its a joke guys!
"Fully long"? Sorry, but your girlfriend (and I use that term loosely) stated you were serverely
short changed if you know what I mean...... Trying to over compensate are you jessi? OMG,
never laughed so hard in all my life.
the past few months....at every turn I have done the exact opposite of what you have advised and made a fortune in SDRL. You have both been absolutely perfect contrarian indicators. Thank you. Keep it coming.
Sentiment: Strong Sell
Some asking $4.50/gal on regular! Corruption and greed is alive an growing. At $50ish WTI oil should be around $2.50! Those dirtbag oil tycoons want to continue to live their lavish life styles and screw the rest of the nation for their own gain! No morals and no rules. Just greed and corruption!