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SeaDrill Limited Message Board

  • polena10 polena10 Mar 1, 2012 8:05 AM Flag

    This puppy going down

    I thought "F" was going to go with a rights offering/secondary. But no he decided to line his own pockets to buy distressed assets. Look I don't buy this diversification thing. He obviously sees more value in selling millions of shares of SDRL and buying "distressed assets". And of course with the help of that bastion of popularity Goldman Sachs -- he is cashing out high. Can you believe GS coming up to an investor saying look I have millions of shares of SDRL to sell that the owner wants to unload becuase he thinks he can get better returns elsewhere? - Oh yeah, sign me up GS, I trust you guys. Look if "F" thought SDRL was a good value at this price -- he could easily buy more - actually increasing his stake. It is never about the stake % -- it is about what an investor believes will be the best return on invested funds. Investors get this -- that is why this puppy is going down today big.

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    • down it goes a bit, so what? I mean if you don't own the stock then why are you here?

    • The Wolf has been pumping big money into SDRL for years now having seen years in advance that deep drilling would be the place to be in 2012-2015. He's done this at the expense of FRO , Golar and his other ocean investments. Now to save them he'll take one of his many billions off the table to invest in the future while his competition gets nailed. It sounds like those buying his 5% of Seadrill have a sure thing between $40-$42/share which they can sell back to him. Meanwhile MSSB places a new $51/share target on SDRL. Sounds like a buying opportunity to me with nothing but upside and an increasing divy.

      • 1 Reply to jerryvanee
      • I don't think so...there is institutional selling going into this news...

        This baby will be too leveraged without raising capital through a secondary...selling his shares helped only him -- not SDRL...he is saying i see better opportunities elswwhere -- other than the idea for investors is to look for underperforming publically traded stocks that "F" is looking for. You see he could have searched and bought these underperforing assets by keeping hsi money in SDRL and letting SDRL improve its balance sheets -- but no this SOB decided to buy these assets for himself and sell SDRL..

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