will not be paying a dividend next quarter anyone have any thoughts as to price action for the next 2-3 months? I sold a long held position before Christmas feeling that stock appreciation would be minimal with no dividend for a quarter. Looking to probably buy back around March or so.
Without any market driven news it looks like this can trade in the 36.25--38..25 range.
Just buy at 36.50 and sell it at 38.00 is my recommendation, but watch out for market news.
SDRL should be just a trade for a while longer.