Chk will be taken over too, but probably at book value of around $9, and management might not accept it.
from $47s to $49s yesterday and today???
Well, it is crazy, as it is up to funds to move this POS. They can dump whatever they want, buy it with their own money, before pumping it back and Upgrade.
While SDRL sanks to the lowest.
Too many days SDRL down whil Crude Oil up. Crude oil is still with 10% of 2015 high while SDRL lost almost 40% from 2015 High.
Thursday is an exception. Another exception would make SDRL lose NEGATIVE 4% or so.
Just because someone upgrade it. Will SDRL turns around later today? It should not drop much with Oil or the Market as they rarely bring up SDRL in recent weeks.
Just as long as the CEO gives up his power or shares holders fire him.
stock might not move with common sense. They can drive it ridiculously low to low up with their own money before buying it back with their funds.
Stocks should not be be trading much below their book value. Yes, Sdrl is trading near half of its book value. Down 30% this quarter just on ANAlysts comments, which usually mean the opposite.
$60 is a break even zone for drillers. But ANAlysts could shake you out first before saying good about it again -- 'Sell" mean 'sell to them dirt cheap"
Tomorrow might be a different story.
leaving Grpn deep in red for Twtr's problem.
That is why they dare to do it, further, they use friend/relative names for the account.
find them with Short positions. I thought the target was $12.50, but $12 more likely now. After that, reporting will be the real thing instead of speculation It lost $25% on speculation, if anthing other than the assumed state of terrible terrible terrible...
Corrections: $16s 6weeks ago.