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North Atlantic Drilling Limited Message Board

  • offshoresurvivor offshoresurvivor Mar 13, 2014 3:04 PM Flag

    Where do you think NADL will be around new year ?


    I am already Down 5 % on this Warren Buffet stock :-) and need higher than 8.30 aftter last dividend this year to break even . Iam holding 10 K now and planning to add 10 K more before year end .. Where do you think NADL wil be 31 december ? My guess is 10.99 USD....GL Longs

    Sentiment: Hold

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    • NADL is paying 11% yield at today's price. Buy it here, put it away, collect the dividend.

      They have the highest barriers to entry in the trade, in the harsh environment sectors, Norway focused.

      To be sure, if oil prices dropped precipitously, then even NADL would be hurt.

      But they have long term contracts, and will add to their fleets, and are in high demand.

    • Apparently you're a long investor (vs. trader) so sit tight and enjoy the dividends. If you want to add more I'd do it in stages on dips (like today). Forget the day to day moves if you've done your DD and are satisfied with your investment. Anyone would be foolish to predict where a stock will be at year end. Drats, I figured we'd be back into double digits by now, not going in the opposite direction.

3.08-0.10(-3.14%)May 23 4:02 PMEDT