Today is light holiday volume which allows the market to move shares even more. Two things here today is the ex-date and will this be a double top at $18? This looks like a good short after Friday the record date. It is all about a possible merger at this point the shares were near $12 not too long ago. If no merger appears the shares will fade I believe. It seems clear that buyers are in this for one reason and it's not fundamentals the businesses are actually bad for all the majors in this sector.
Then it's usual path lower no matter what the market does. The higher priced trades in the pre-market and the open had me scratching my head without any news. Possibly hedgies playing with smaller volume buys they were making early then shorting heavy as it drifts down.
Goldman did predict a super spike in oil to $200 a few years back.
1.2 million people and 115 stores affected. I would bet that's a preliminary number the company has disclosed and it may end up being a larger amount affected it almost always is days to weeks later.
The day is young still but if this "conviction sell" call which seems a bit late and old news-like does not knock this down and this goes up on Monday Mr. Tarr should be sweeping GS floors not making sell calls at a bottom. It appears SDRL will trade with oil along with the sector for now. If OPEC cuts in early 2015 they all go higher.
It was on issuing stock and loan covenants not BK. This is in the stock it seems read the call it's pretty late and flimsy it should have been made the day after they reported not a $12. This will trade with oil and if OPEC cuts in early 2015 the whole sector spikes.
Still the slimiest firm on the street. Remember their super oil spike call about 7 years ago for $200/brl. This news was factored in already and the market is telling you that right now especially if shares close in the green today.
Check LINE/LNCO their cash to debt ratios that's what it's all about for these overleveraged companies SDRL is actually better. Plain and simple they all need energy higher to bring down their debt levels along with cost-cutting. Go read the GS call last night the analyst assumes a $70 oil level yet he is talking a 2015 into 2016 time frame let's see how oil plays out and SDRL was one of the first to eliminate their dividend which had to be done. Like I said earlier where was Mr. Tarr with this call when they released their latest earning's report and the shares were 1/3 higher than now? I would guess GS is still short and trying to milk this a bit further. I said that this may close near $12 today if oils stays up all day a lot of this should be in the stock already. This is not coal this is oil and once OPEC finally cuts production all of the sector will spike.
when this Goldman call came out not long after the market close the stock was trading between $12.05-$12.10. The question is what this analyst stated (mostly about equity issue) is it in the stock already? Let's see if this can snap back near $12 by the close ($11.42 low so far). I doubt it but it would not shock me.
They need to cut costs period while oil is low. At least they did it fairly early unlike the coal sector which exec where two years behind that curve.