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SeaDrill Limited Message Board

  • intrepidnole intrepidnole Oct 9, 2013 3:39 PM Flag

    Action 10/9/13

    Looks like someone is either shorting big time or selling a large position. Thoughts?

    Sentiment: Buy

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    • My thought is since you didn't provide any information or links for your post we can't take you seriously. My thought is it is a reaction to the downgrade by the Carnegie people in Europe. A translation of the downgrade follows. This too shall pass:

      Hilarious but true....

      Carnegie downgrades Seadrill for sale from hold with a new target price of NOK 250 per share , down from 275 , according to TDN .

      "After a significant repricing of Seadrill we believe current risk / reward has deteriorated for several reasons ," writes Carnegie .

      According to brokerage firm Seadrill now traded at a record low dividend yield of eight percent while dividend ratio is at 100 + percent , providing little upside from current levels , type TDN .

      The brokerage sees greater uncertainty ultra deepwater market as fleet growth is greater than E & P investment in 2014 . And in the absence of news about NADL Agreement fears the deal may fall in fish.

      Carnegie believes the growth rate for ultra deepwater market may hal

 
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