Most predictions are in the mid $80 range. SDRL should trade for $20 by then. Then 2017 predictions are close to $100. SDRL is a long term buy and hold with the possibility of 200% returns over a couple years.
Baker Hughes (BHI) reported that the weekly US crude oil rig count fell by three, from 631 to 628, in the week ending June 26. The latest figure marks 29 consecutive weeks of falling active crude oil rigs. In those 29 weeks, the crude oil rig count fell by 947.
Funny they failed to mention that the Oil Rig count just this past Oct was1620ish a fall of about 1000 rigs in just 9 months....that's huge.
Too much hype on the Iran deal, wont happen
drop was to enable shorts to cover
Oil price drop over exaggerated by media outlets
Major Market conditions poor, investors looking for value play, SDRL good choice
The Street. After the read all I have to say is "What a crock". Everytime SDRL goes up, they toot Oil going higher is the sole reason. My personal view is that Oil price fluctuation has little to do with the rise and retreat of SDRL's stock price. As soon as investors figure out that OIl is going to be $80 again. SDRL is a good bet to rise over $30 again. Yes $30 and with a divy. They will not go Bankrupt, they will buy another company and will get any funding they need for debt. Off shore drilling is not going away, oil demand is just increasing. Whether it is 1 month or 1 year oil rise is inevitable.
Sentiment: Strong Buy
Yep, that would be a very positive sign, and if you are short I would be out. Next stop is over twenty with a little fluctuation for the playful
Analysts are manipulators. If you followed their advise you would be either broke or leave a lot of potential profit on the table. They are months behind the trend, while they should be forecasting.
Money will not grow sitting on your table. Matter of fact, if it is a US dollar it will probably shrink. Put your money in SDRL for better returns. Now is not the time to sell after the best single day gain in sometime.
Hedgies are Bullish on Oil and accumulating with weak dollar, SDRL down over 50% over 52 weeks good upside potential greater then Analysts opinions, short interest is downtrending, bottom has been drawn. Go long for long term, short term is positive with fluctuation, squeeze between 18 and 20, return of Divy possible don't be caught short or out for that catalyst.
Sentiment: Strong Buy