I got into SDRL about a month after the BP oil spill. I had been in RIG, transferred over to DO, and got my axx handed to me. Discovered SDRL at the low, when divvy was above 10%. (got back into RIG near the low also). Now the SDRL divvy is down to about where NM and NNA are, but its been very interesting to learn about Fredriksen. It is said he is more excited about SDRL than his shipping companies, but I do agree that Angeliki F is very aware of Fredriksen's high leverage/high dividend strategy.
Noticing this morning that NNA seems to be stuck in a fairly narrow sideways channel of about $4 to $4.40. This is very positive, together with almost no posts here. General disinterest and a sideways pattern mean that any positive news will cause upward pressure. I don't care when- I'm in til late 2013 anyway, when all ships are in the water, and the new revenue level is established then.
We're near the bottom of the sideways channel- getting 1000 more this morning-