% | $
Quotes you view appear here for quick access.

SeaDrill Limited Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • elstockjock elstockjock Nov 21, 2012 1:29 AM Flag

    Not exactly a screaming buy here

    Chuck, What happens is these high div. stocks are what people are chasing, and as demand dries up over several qtrs. people feel more secure in their purchase prices so they hang on longer,which tends to drive the pps up over time. The risk is always an unforeseen event that can drop the pps very fast if the div. looks to be threatened or the market takes a nose dive.
    I have seen many div. payers that once traded much lower, gain strength over time and now trade at higher levels.
    Some of these stocks are reits like agnc and others are like line energy.
    In the current environment sdrl looks good to me anywhere from 37-39 for a buy, and Iv'e traded this for a long time.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Elstock, I believe you're actually being too cautious and perhaps too pessimistic.
      I keep reading that many companies are turning away from RIG because of
      their antiquated Rigs and turning to Sea Drill's new State-Of-The-Art Deep Water
      Rigs. Thinking very long term - I believe 4 years from now after Obama has left
      the White House - Deep Water drilling will explode.

      Sentiment: Hold

      • 1 Reply to chuck37chuck
      • Actually the deepwater drilling game is booming every where already, the yards are full of newbuilds under construction and contracts are going higher with long term deals being negotiated (unless of course, you have a kenyan communist in charge, surrounded by a pack of theiving hyenas,who have absolutely no respect for contract law and a business IQ lower than a door stop ) .

        Hey the Gulf is just one arena for deepwater it will be drilled - no hurry - BP has a lot of stolen money to get back first!!

        They will be back -- if we ask them nicely ha ha !!

2.07+0.02(+0.98%)Feb 5 4:01 PMEST