Unfortunately... if they had not cut dividends they would have negative earnings now. They cant pay down debt with 2B yearly anymore.
- thats about 0,9 billion dollars, They have 1,24 billion in cash, and total debt is about 11,5 billion.
They need ot work on the debt and be prepared for at new upswing also, when the saudis, opec and shaleproducers have been hurt enough.
SDRl is hurt also, I dont need to be told, I know. The chart tells everything.
Bookvalue is about 22 billion dollars. They need to push out new orders and they have, but maybe they also need to cut back on their fleet and thats difficult since they have a very modern fleet.
Cash is currently flowing out of even Saudi Arabia. Russia wil soon tip ower, venesuela also.
Pain everywhere in the oilsector. I don't like situations like this.
Subzero = supercool. I like it. Strange downgrade.... yesterday... target 5... makes no sense.., they have no idear what they are talking about. May be it will go to 5, but when the oilmarket recovers sdrl will not be at 5, it will be 20-30-50-80 $/share.
- Well unless, you have a timemachine where you travel forward in time - sell and ten you go back in time and write it here.
- I don't know. probably you have that machine.
We hasve signs here with "Fart control". in english its quite nice.
Almost like legless street or bottomless street. We have them all.