Mark my words.
Just like rigp bought by rig for cheap. Sdrl need cash from sdlp, that is reason why sdlp cut its divy for no reason. Divy cut also brings down the share price, , so sdrl can trade 1.5 share for one unit of sdlp. So for 90 million units, sdrl pays less than $ 360 million, much less than the cash sdlp holds.
Sdlp reports another day rate cut on one of its working rigs in the coming PR, or even eraly termination of contract
, please cut divy to zero, see how low the price can go.
1. No new meaningful contracts signed recently.
2. Expect to see more termination of current contracts.
3. Any contract extension will bring down day rate.
4. Some other bad news in bags.
Mark my word, it has been approved very accurate.
if only hypy stayed, who is going to warn you?
To $5 again.