Seadrill was upgraded to $39.38 by Bernstein the same time they downgrades several other offshore drillers ! Seadrill is the cream of the crop . Most modern fleet of drillers booked for years to come and booked for drill ships still being built in Korea. MSSB has Seadrill overweight with a target of $53. Baaaaah I'm the head sheep with the golden Seadrill fleece !
That's what one of the richest men in the world makes annually from his Seadrill Holdings. His family's holdings , last I researched it , had its biggest investment in Seadrill , compared to the numerous other sea/ocean related companies that John Fredriksen started and owns today , ie. Frontline , Golar , Golden Ocean , Marine Harvest , Ship Finance , Tui , Northern Offshore , Aktiv , Deep Sea Supply , Seawell , etc.. Fredriksen sees opportunities , takes risks and makes a lot of money. From the son of a welder to now over 14 billion dollars being in the top 50 richest folks in the world.He has been in the shipping business since he was 16 and he knows everything sea related saying he will never leave that business. Fredriken has trained his twin 31 year old knock out blond gorgeous daughters in the business so if anything happens to him the companies will continue..... Last week I walked into my broker's office and said Seadrill is down a lot and I'm looking to buy. My broker told me that he had just bought 1000 shares. My broker hadn't heard of Seadrill years ago until I told him about it , being that I had owned Frontline then. I bought a few hundred more of SDRL increasing the amount of my largest single holding. When you buy Seadrill you are buying John Fredriksen. You can bet John Fredriksen is buying SDRL now and increasing his yearly SDRL dividends. Fredriksen is a smart fellow that I want to ride in his massive ocean wake.
I posted on 12/19/13 that Seadrill is going up. Since then I've added some January 2015 $42 calls to my largest individual stock holdings in SDRL... I predict Seadrill will surpass $50/share in 2014 and meanwhile I'll collect lucrative quarterly dividends. The old man who owns Seadrill is in the top 45 richest men in the world. There is a reason why . He's a winner and Seadrill was his biggest holding last I checked. Note how Frontline has recovered from allegedly the brink of bankruptcy.
Price of sugar is $15 and change. Rogers hits highs when it is near $20. Watch worldwide sugar reports and meanwhile enjoy the dividend. I used to own RSGUF and the recent PPS drop is catching my eye as a potential reentry point. Jve
There's a lot to your theory , but , Seadrill is an international company so it is less effected by US drilling/fracking.. The old man's Frontline is on a tear lately indicating shipping oil rates are improving internationally. There have been some downgrades of Seadrill lately and I am starting to see this an a buying opportunity. Several of my other oil related investments have been beaten up lately , ie. LINE and KMP. Maybe oil related money is shifting into the major integrated oils like CVX , XOM , RDS'A ? A 10% dividend for the cream of the crop deep sea driller is hard to pass up. They rent out their rigs before they are built to completion. For years to come SDRL will be racking in the cash. What's not to like ?