You are so stupid it hurts me to see it. What part of secular decline do you not understand????? It will be a very long and very painful trip to the bottom for you since you refuse to see what is right in front of you. That is by definition a true DA. Same for the chick with the cat fetish. You two should get married and go broke together.
Sentiment: Strong Sell
You called it a Industry collapse. The entire sector (oil and drillers) are in a secular decliner and are likely to stay there for a very long time. Some will go bankrupt and some will go out of business. Why would anybody with any brains invest in any company in this sector? Perhaps I just answered my own question "With Any Brains".
If you want to invest here the smart money will wait until the dust settles, see who is left and review their balance sheet and then invest. Those looking to try and outsmart the market by investing too early will look back in hindsight and ask themselves "Why was I such an idiot". Many who have been in SDRL for the long haul are already asking themselves that same question.
I retired at 55 and only worked that long because that was the minimum age required to get my retirement benefit and healthcare.
I have tried to warn people (a close friend included) of the SDRL issues (along with the entire sector issues) since SDRL was at $30. I have done so purely to try and save people from their own destruction. Some have probably listened and I have made good money with puyss and once with some calls that I bought for protection (from an earnings announcement). Many others have held on (including my friend) expecting oil to rebound based on what has happened in the past.
This is NOT a regular oil cycle. There are many other factors in play here. The biggest is shale oil technology combined with Saudi oil determination and not by the possibility of Iranian oil coming back in an already over supplied market.
Besides all of that there is SDRL's debt. Which is a time bomb waiting to go off. Who knows when/if the loan holder will have had enough and take their losses.
Day rates will continue to decline and as they do so will the amount of cash SDRL has to pay their growing debt. There is nothing positive I can even think of to say about SDRL. Can you name one reason to buy this stock? If not why would you expect anyone else to invest in it.
I am convinced SDRL is not a good long term investment and losses should be taken now. As $8.50 is better than nothing. I am not short because at these levels there is little money to be made and some miracle could happen. Not likely, but a possibility and the risk/reward isn't there for me.
So for all you hangers on my advice would be to take the loss and move on, rather than holding on to this all the way to the bottom. It is a classic value trap. Ask yourself honestly why you are holding on and most will say the only reason is they do not want to take the loss (if they are capable of being honest).
Sentiment: Strong Sell
Insider Transaction: $DLHC Purchase at $2.08 per share of 6818 shares by Officer Johnbull Kathryn M. on 2015-05-26.
That is about what I am willing to pay for this! Looks like we might get there soon too!
I think you would be lucky to get back 5 cents for every dollar you invest. And that 5 cents will be lucky because nobody will want new UDW drill ships that there is no work for.
He is in Brazil and doesn't have the money for a passport or a plane ticket. And even if he could borrow it from his tortilla making mom he is not smart enough to find his way to you.
Better be a no brainer. Witch rides a broom. The meaning you meant is spelled which. Well, at least you weren't pumping a stock like most of the other posts here. I was here looking for people complaining about the return on this because from most of their holdings it should have done better. The sector has been on fire but it seems like this ETF's gains are far behind the sector and major holdings.
How long until SDRL announces ANOTHER secondary? That will be a huge hit for the longs (including JF), but it is a way to raise cash without more borrowing or selling off more assets.
He always goes away when SDRL is down. Then he will come back and say he sold it before the drop and made money on a massive buy. He lives in Brazil and has nothing better to do with time than play with his solar powered laptop that he got from some school kid.
I am neither long or short right now. I sold my $10 puts a long time ago for some major profits and also sold some calls for a profit (as Tommy describes below). If you are currently long the biggest two concerns I would have are the Iranian oil coming to market and SDRL's debt load. The Norway banks that hold their debt are pretty much stuck with that debt, but one day they may just take their loss and that will be the end for SDRL. There are far better places to make money, but this message board and some of the contributors (not IVO, he is just an idiot) do provide a mild source of entertainment.
I use Google Ad Block and I don't ever see any (even on Yahoo). I had to look at my screen to see what you were talking about and saw there were 8 blocked ads on the main page but only 1 on the message page. As far as TV shows go you can watch XBMC and never see an ad there for free. You can also see the latest movies there for free (even the ones showing in theaters. My 28 year old son turned me on to both of these (and more).
I got mine on 6/30. Better check with your broker. If you bought after the record date and before the X date (7/1) the holder of record has to send the dividend to you. The holder of the stocks broker is suppose to do that (at least as I understand this whole situation). I held my before the record date and received it right on time.