Seadrill offers an unusual combination of modest risk, high current yield($2.44/sh for 10%+yield), potentially higher dividends, strong long term contract bookings with reliable customers, strong earnings outlook amid low PE-ratio(PE=7x), worldwide business independence from USA economic risks, immaterial exposure to USA territory & energy politics, well-managed debt at average 5% rates to the advantage of stockholder leverage, outstanding record of success by the principal management of Chairman & President (Norwegian) John Fredricksen & staff who has high insider ownership of about 40%, and a company policy that emphasizes passing business success onto the stockholders.
The 2nd quarter report at the Seadrill.com company website demonstrates the continuing successful growth and the positive outlook.
Although many continue to paint the energy demand/price outlook with the complexion of the USA economy (which doesn't look too great), what is changing is that the USA economy is no longer the driving force it used to be in the world energy picture. Despite temporary fluctuations, the long term demand for energy resources is on an uptrend.
Recent published price targets for SDRL have been $31, 33 & 37; though since the stock price is so subject to market influences, their importance as a criteria pales next to a combination of the foreseeable demand for this industry and the successfully managed business growth and sustainable high dividend yield of this company.
Hey mderish..Try going to the company website instead of the Motely Fool for your investment info...Click on dividend history and get your info directly from the source, THE COMPANY...Hey, better put that bong away, too stupid to know where to find dividend history on a specific company...?...You won't be if you invest in this one, you'll be well rewarded over the long haul and look like a genius...I've got quit a few shares tucked away for the very long term...:-)...glta!
According to the historical data in Yahoo finance, SeaDrill has only paid a dividend twice and both of those dividends were paid this year. You said that you have collected six or seven dividends from SeaDrill. Maybe you have been puffing on the same dope that the Chrysler workers at the Jefferson Ave assembly plant have been enjoying. What is your source of information?
One web site I use quite often for projected price targets is Stoxline.com, they use a proprietary algorithm to compute targets, so they change quite often (as opposed to some human ANALyst's target).
Today Stoxline has a 12 month target of $34.28 for SDRL, that would be SWEET....give me a 65% gain....already up 12% on the extra shares I picked up on the dip at the end of last week :-)
I could say I was expecting/predicting a good earnings report, but unlike some of the bozos that populate these boards I don't need to be seen as a brilliant stock picker to boost my ego - I just bought more because the price ($22.07) was too tempting to resist!
Atpg may be the target...If so, it would be hugely accretive & add massive reserves! Atpg's mkt cap is only $1 billion with 40,000 bbls/day & $5 billion of reserves! Anyone also hearing rumblings?
I also own ATPG but feel shell would be a buyer their. If you look at the properties and infastructure it makes more since on a shell play. I do feel VTG fits SDRL profile picture perfect! 3 drillships several sub. ships long contracts and a brand new fleet in international waters! That is more of a target to me. Brent