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SeaDrill Limited Message Board

  • rjh1236 rjh1236 Jan 19, 2013 1:20 PM Flag

    When Rig Reaches $70 Per Share

    SDRL will still be selling for $38 per share.

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    • RIG will be the perfect short soon, it is hitting
      the upper resistance line, thanks for the tip off.

      but SDRL is just beginning its Journey upward to the $45 area.

      best to all

      Sentiment: Strong Buy

    • SDRL will be at $50- share is more like it.
      RIG has a fleet that is old and exploration companies want new rigs.
      After the Gulf disaster some don't trust Rig upper management.

      Sentiment: Buy

      • 2 Replies to stdennis44
      • First of all rig has sold alot of their older platforms and while business was slow, they began upgrading other platforms. Almost all of their rigs have been certified to meet the new regulations. Plus they are the best of breed in this space. When the situation is tough they don't call seadrill they call rig. Look at the specs on all your new equipment coming what new drilling innovation is in place. They live off the left overs of the pioneers in the space. Rig can do it faster, deeper, and simultaneously. You want to make money in this space Rig is where it is at. Compare specs, read the fleet reports, do your own DD. GLTA

        Sentiment: Sell

      • "RIG has a fleet that is old and exploration companies want new rigs."

        Less true today than last year. RIG sold off old jackups, and has orders for newbulids with contracts already let. AND used Macondo backlash to upgrade ALL of their global fleet to newest U.S. standards. Recertified all BOPs, upgraded equip. etc. Not bashing SDRL, I own both. But RIG was being held down, and after the $1.4 billion settlement was announced, obviously some $$ moved from SDRL into RIG. And then there is Carl Icahn buying 5% of RIG. Agree RIG is heading back to $70+, prob. $90 in two years. Icahn is pushing RIG to reinstitute a dividend. That alone will push RIG up $10.

        SDRL will melt up over same period. Probably will be in $45-50 range in two years. Oil will still be in $70-120 range.

38.10-0.49(-1.27%)Jul 10 4:04 PMEDT

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