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SeaDrill Limited Message Board

  • morpfius morpfius Nov 26, 2012 4:47 PM Flag

    Brilliant PR Work by the Company...

    I love this company and carry a large position in it. But we missed earnings by a landslide. The company has softened this blow by carefully releasing PR statements. The special $1.70 (accelerated)dividend announcement is more for PR purposes than saving people money. That announcement alone muted the decline today. SDRL also released that pre-earnings statement saying everything is going to be alot better next quarter. And today, I have yet to see thier actual earnings posted anywhere other than thier website? This alone, is highly unusual. Consequently, SDRL appears to have softened the reaction to this quarters poor preformance. Very smart I must say. However, the truth is the truth, and we missed hard. I was ready, to add to my positions, but decided not to, as now I anticipate a larger dip on the horizon (and then I'll add to my holidings). Ontop of all that, we still have the fiscal cliff, europe, etc, to get through. I'm sorry, but with all that being said, I see no reason for the PPS to appreciate rapidly. And if my analysis is wrong, oh well, I still have a large position and look forward to my DIVY.

    Sentiment: Strong Buy

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