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SeaDrill Limited Message Board

  • investor952 investor952 Aug 10, 2011 10:15 PM Flag

    why does

     

    this piece of sh$&#&#t keep going down?

    This topic is deleted.
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    • this sector is out of favor with institutional money. As I look on Vector Vest, they show that theres no interest in this sector so therefore selling is recommended. It's all based upon money flow and has nothing to to with the vitality of any businesses. I believe when the economy picks up and the perception changes to we need more oil" again, this stock will move handsomely. So now is a painful waiting game--but this co. has good contractual earnings and is not going out of business.

      • 2 Replies to shippit2
      • Think it is a soft patch now due to European troubles and fall in price of oil. I put a buy at $25 on it when it hit 26.61 and crosses my fingers. But, maybe it is the petet princilpe or Murphy's law(not sure which one) and it started to go back up. Still holding some and wanting more.Crossing my fingers

      • It all depends on your view of the future EPS for SDRL. A 10% yield on a company that is seen by many as a premier-player in this industry is hard to ignore. Have you seen what t-bills are paying these days or have you asked your banker about CD yields lately? I rest my case... I'm a buyer at <$28.00.
        GLTA

 
SDRL
37.54-0.51(-1.34%)Jul 24 4:06 PMEDT

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