Nothing changed as far as shares and SDRL just owns the rigs. Here.s a snap shot of what we received:
Seadrill (SDRL) to Carve-Out Seadrill Partners in a Master Limited Partnership (MLP)
On September 21, 2012, Seadrill Partners LLC (SDLP), a master limited partnership (MLP) formed by Seadrill Limited (NYSE: SDRL; Market Capitalization: $18,404 million), filed initial Form F-1 with regards to the carve-out. SDLP was formed by SDRL in June 2012 to own and operate offshore drilling rigs under long-term contracts. The initial fleet for SDLP will include of 4 rigs consisting of 2 semi-submersible rigs, 1 drill ship and 1 tender rig.
Road to an IPO:
Earlier, on April 16, 2012, SDRL announced that it was evaluating the opportunity for establishing a master limited partnership (MLP). In July 2012, the company announced that SDLP submitted a confidential first draft registration statement to the SEC.
The company believes that the creation of MLP will lower financing costs and increase dividend capacity.
SDLP has applied to list its common units on the NYSE under the symbol ‘SDLP’. The company is yet to announce the deal timeline and pricing details
"We need to grow faster !" ?????? Thats one of the major issues you got right now. Grew to fast, DA financial moves, in bed with a shaky company (SU) and hoping to win a law suit in hopes of moving the stock forward. Not quite what major investors are looking for to pump money into in this current climate. However, go ahead, dream big and pay the interest on those pawn tickets. HEHE GO SHORTS!!!!!!!
" if you going to loose 30% "
Only if one sells you DA. Still get a check regardless of stock price. Part of the game. Up and down, Demand will increase in the summer price will be back-up. In your case, you;ve been sitting on dead money with "ZERO: return in value and you will not see $2.00 this year. DON;T DOUBT ME!!!!!!!! HEHE GO SHORTS!!!!
According to some, we're losing $$$ with SDRL. Yes the stock price effects the DIV. Either way you look at it, you still get something every quarter instead of sitting on dead money that pays you nothing year after year with little hopes of ever doubling in share price much less paying its investors a div. Predict drillers should see a share price increase (small at that) this summer. But the days of $100 per share for drillers are over for a long time!
climb a penny a quarter.?????? Some how many quarters before you can buy a piece of bubble gum from the bubble gum machine? You guys crack me up!!! HEHE GO SHORTS!!!!!
Still get a check. I suspect my Div check is more then the pawn shop shareS you own. OHHHH YAAAAAA HEHE GO SHORTS!!!!!!!!!!!
Man-up! Might as well make it hurt. Is this sucking or what? However, there's always the Obamacare website to go to if you want to really inflict some pain upon yourself! LOL
Darn, I already got a thumbs-down? Wonder who that was from? Fishing is best in the early morning! HEHE GO SHORTS!!!!!!1
Penny's dude-penny's! I still get a check. Heck might even short some VTG while the getting is good! HEHE GO SHORTS!!!!
You might have missed the good news so here it is: "By year-end we will be at $2.50 to $3.00"
The public service announcement provided by CHOK Schwab. HEHE GO SHORTS!!!!!
Yep! And I still get a check to pay towards my pawn tickets regardless of the stock current price. However, if it continues, I might have to ask you for some advice of pawn shops in your area to see if they give a better rate then those here in FLA. HEHE GO SHORTS!!!!!!!!!
Bought more at $1.66 ???????? My God, the pawn shops must luv you!!! HEHE GO SHORTS & $10.00 Soooooooooooooooon!!!!!!!! LOL
You can't afford dividend stocks! Don't worry about the drop in all drillers today. It's part of the game and you SUCK at it! HEHE GO SHORTS!!!!!!!!!
Lawsuits, lawsuits, lawsuits = WEAK, VERY WEAK! Smart investors don't invest because of pending lawsuits. HEHE GO SHORTS!!!!!!