To all the people bashing this stock as a "sell and go away" type of company. I want to say thanks...
While you obviously think SDRL is a dud and you would not buy this with someone else's money you still find time to come to this message board and warn all of us stupid people about the dangers of owning shares.
You could be off at work, With the kids and family or doing research on other stocks to by but your concern for our financial well being keeps you here trying to talk us into selling this bad investment.
Thanks from the bottom of our heart. Your kindness and selfless thoughts are an inspiration to us all.
We will use twice the oil we use today in the next 20 years. Emerging markets that used almost none are all becoming major consumers. Young Fleet offsets the Debt. Ol;der Fleets that have to Invest in new Rigs will need to take on debt as well. SDRL in a good position to thrive. Remember...The Market is a leading indicator. It does whats going to happen...Not whats happening. Short term Oil outlook is fuzzy..Long term it will be fine.