I'm thinking a dividen cut or something coming. Yes, I am nervous cause I depend on the dividend of this stock for income.
Maybe I am wrong, and something is not up just taking a breather ya know. The CFO leaving also could have something to do with the stock goping down as well.
Buy more SDRL if it dips on Iran because SDRL is drilling on the other side of the world from Iran and will fly if oil flys.....sure shooting or whatever is a short term bearish event, which is why i have $$ on the sideline now.
petekook - An Iranian event would likely be bearish for all stocks. Oil would probably rally, but not the service stocks - except perhaps the domestic drillers.
What you want for sdrl to continue to rally is a decent market and mgmt not doing anything stupid.