Seems fairly obvious that people are getting a peek at Barrons ahead of time and are trading in anticipation of retail investors reacting to articles. People with inside information piled into this yesterday.
not_totally_gray….Thanks for the nomination. I tried to warn that person. My other post on Nov. 8th predicted the cut and a drop to $16. I was off by a penny as it closed at $15.99 I received 14 thumbs down when I posted. Most people asked if I wore a tin hat, etc. I'm once again vindicated. Happy Trading
Posted Nov. 8th
"Look for a 50% cut at first. It will sell off to +-$16, then a dead cat bounce back up to +-$18. Then within 9-12 months, look for the dividend to be eliminated with a fast drop to $10-$11 range. After that, if too many rigs are sitting and day rates stay low, look for a bankruptcy filing as SDRL has enormous debt and it would be a very smart move to eliminate a lot of debt. Bad for stockholders, but SDRL will emerge a much healthier company."
loper-35801….I tried to warn you. Your 10,000 shares just lost $50,000 by the opening bell. And that steady income stream lasted all of about 6 weeks. My steady blue chips averaging 3-4% are crouching your SDRL investment. Sorry for your losses.
Thanks for the thumbs up, sorry for the loss. I'm not gloating at peoples losses, just pointing out that non-popular opinions should be considered
Yes the dividend cut is very positive for the company, just not the stockholders. An even bigger positive would be a bankruptcy filing. Again, positive for the company to get rid of debt, just not positive to stockholders.
Dream just became reality. Actually it was never really a dream. It was so obvious. Sorry for your loss. I sure nailed this within pennies.
My post on November 8th predicted this cut and an immediate drop to +-$16. This is currently trading at $16.41. I received 14 thumbs down. Sorry people, but don't shoot the messenger.
I sure nailed this one. On November 8th I warned everyone this was going to +-16. Well it is now $16.41. I received 14 thumbs down. Don't shoot the messenger.
Not sure if this has been discussed, but anyone have thoughts on which of the 3 elections may be best? Of all the complaining on this board, I must say that I have done very well with KMP and looking long term, I'm thinking to choose "Option 1: Stock Election-2.4849 shares of KMI Class P stock" (subject to proration).
Since I'm happy with Kinder Morgan, I'm ruling out "Option 2: Cash"
Anyone considering "Option 3: Mixed Election" , if so, why? (other than wanting to stay on with KMI, but take a little off the table)
Thanks for any input.
Look for a 50% cut at first. It will sell off to +-$16, then a dead cat bounce back up to +-$18. Then within 9-12 months, look for the dividend to be eliminated with a fast drop to $10-$11 range. After that, if too many rigs are sitting and day rates stay low, look for a bankruptcy filing as SDRL has enormous debt and it would be a very smart move to eliminate a lot of debt. Bad for stockholders, but SDRL will emerge a much healthier company.
This stock market thing is very peculiar . Hardly no one wanted this when it was on sale a few weeks ago at $83, but when the price jumps 30% in a few weeks, people can't get enough. Wouldn't believe it if I didn't see it for myself.
Day rates have fallen from 650k/day to 350k/day. Oil has fallen from $105/barrel headed to $70/barrel. That's what has deteriorated along with SDRL's cash balance due to extremely high debt and unsustainable dividend.