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SeaDrill Limited Message Board

  • gypsy_joe_biz gypsy_joe_biz Apr 3, 2013 12:25 AM Flag

    We are little lost lambs.

    I am really getting the feeling that those of us that have been with SDRL for a while are getting played for the chumps. From the high in the low 40's to where we are today is hard to take in spite of the accelerated divi in Dec (new high in SP and Dow today). I feel like the old SDRL is being sucked (vampire like) dry in order to fund SDLP and NATDP and accelerate their stock prices for a smaller number of new investors (insider buying?). Somebody tell me I'm wrong.

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    • robin0635 Apr 3, 2013 11:42 AM Flag

      Your analysis regarding the funding of SDLP at the expense of SDRL may be correct, but in relation to NATDF please rest assured that there has been no benefit accrued to date to it.... Myself ,and others, on this board have held NATDF since inception (well before it was a $2.00 stock), and it has gone nowhere but down the last few months; If the listing on the DOW is not combined with an IPO, that substantially increases the stock valuation of NATDF, the outlook for it could be dismal in the short-term...
      Regarding the accelerated dividend, that was a bonus to investors who initially believed that the potential tax increases on dividends would have been detrimental to them... (When the added dividend was paid there was no outcry from stockholders that the action was unacceptable to them; and nobody returned their cash disbursements, with an attachment, indicating said action would be harmful to the stock price in the 1st quarter of '13) -- Because there was no dividend paid in the first quarter, new investors seeking dividends, learning that the 1st quarter brought no immediate dividend returns, sought them elsewhere, which is "reasonable" behavior from a new investors standpoint...
      The price of SDRL the last few months has been erratic at best, but a host of related and non-related issues have surfaced, both domestically and internationally throughout this time period that also have not helped this company... Any company like SDRL, with a high dividend, assumes risks, both upward and downward in nature and movement up and down should be expected... To date, management has been effective, with no prospect of a dividend reduction in the immediate future - (borrowing costs have never been lower and day rates never higher), so before heading to the hills, let's see what happens during the next quarter and see what pans out... I may be wrong, but with the existing contracts, potentially the 3rd and 4th quarters look quite promising...

    • And what is the point in sdrl buying shares in other companies?
      JF did that with FRO buying allot of shares in OSG at market highs, for what?
      I think all these moves are to grow his empire at the expense of those who lend him the money to do so.
      Namely banks and investors.
      Look at how well those long term holders of FRO have done.
      Right now I think tere is some worry over the debt and div, and that will get worked out for better or worse, so be careful.

11.90+0.04(+0.34%)Dec 24 1:01 PMEST

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