..."dividend aside, this stock is a dog". Pento? Grilled sirloin aside..my dinner was awful lol. Divi aside...please put some amount of effort into your criticism, it's embarrassing. 9% @$33/shr, ok fine, now do the math at $23/shr...$13/shr. You do realize, not everyone bought this stock yesterday, do you not? SDRL may very well trend down if oil does but it should be noted, the strength/stability of the last couple of weeks relative to oil pricing. GLTA
Considering 1. the cash dividend is the principal mission of SDRL. [That basic reason for their existence should be a +, not mixed in with a negative opinion] and considering SDRL has outperformed Warren Buffet in the last 5+ years that is a harsh judgement. Suggest u visit SDRL's website for the FACTS: SeaDrill.com
Yes one way or the other depending on the outcome of any jurisdiction. Re of Transoceans internal investigation the court will be the final arbiter.
"The final ruling for Transocean could show what kind of responsibility rig owners like SeaDrill (NYSE: SDRL ) and DryShips (Nasdaq: DRYS ) have in drilling operations going forward. Transocean's internal investigation into the spill, biased as it may be, backs up the company's assertions. Now it'll likely be up to independent investigators to decide if that is indeed true."