Premarket 12.33 is in line with SDRL.OL@93.88, adjusting for differences in closing prices.
Meanwhile oil futures are up sharply. People are sitting at home, stuck in snow.
At under $3/gallon for gas, Americans are going to hit the road when warmer weather comes.
Hoarding. Purchasing something for consumption at at later time because you expect the price to be higher. This can be done by governments (strategic oil reserves), airlines (buying future contracts) and individuals (keeping your gas tank fuller than normal).
I bought NDLS@37 (yuck) and again @18.
Buy GPRO right now (below $50). Its at the bottom.
GPRO dropped due to disappointing Q1 forecast.
That's GPRO's weak season, just like Q1 is NDLS weak season (weather, diets).