Seadrill has new contract, and BBB ignores the news!! Media bias, I would say so.
So, Seadrill inks another nice contract and Ben the Bozo at Barron's (AKA Ben Levisohn) writes an article 2 hours after the new contract news and does not even mention Seadrill contract win. The shorts and money runners must be paying him well to ignore the real news. Just plan dishonest!!
Barrons has completely lost its credibility over the past few years. It has become a tool for hedge funds to manipulate prices with misleading information. At the end of the day though the performance will speak for itself. Income will continue to rise and distributions will continue to grow - and the share price will follow. The 10 year is now down to 2.4% and may go all the way down to 2.2% or lower. Investors are now buying up yield including MLPs, Reits, BDCs, etc. This stock will be over $50 by this time next year.
You are correct about the hunger for yield, retiring boomers need the income, and stocks like Seadrill and yes the MLP's fill the need. I also own EPD, PAA, NSH and a real good one ARLP. All pay good unit distribution and many have split while going higher along the way. These hacks can't change the fact the is big old World runs on "OIL" and down deep is where the next big discovery's will come from. Clear as a pane of glass.
You said it right msft; Barrons Ben is a BOZO hack; always writing with a negative point of view about Seadrill.
The best fleet of drillships in the world, did you pick up on that item about double BOP's in the new signed contract on West Saturn?? These guys know the business, just wait when more of the fleet is paid off and pure profit pour in!!