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SeaDrill Limited (SDRL)

NYSE - NYSE Delayed Price. Currency in USD
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0.5243-0.01 (-1.96%)
At close: 4:01PM EDT
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  • Hi, I'm Dave. I just signed up to post on this forum.

    I am long 30K shares at .62 - I know the risks, as this is the riskiest stock in my portfolio - you can't win if you don't play.

    I don't understand all the bashing on this board - whether you make money or lose money doesn't make you less of a man or woman. No matter if you're right or wrong, none of us are 100% of either.

    I have also read some insightful posts on both sides of the argument of SDRL on this board.

    Some of my thoughts of potential outcomes - feel free to comment, but no need to bash - I would love some intelligent feedback - no matter which of these occur, I'm ok with it.

    Potential Outcomes
    1. Restructure Debt - Heavy dilution of common shareholder stock - very likely, in which case I'll push my shares into my IRA and see what happens over the next decade and a half.

    2. Bankruptcy - 100% loss (aware of this going in) - willing to take the risk

    3. If I remember right, about 25% of the float is short. With the announcement of a reverse stock split there will be a hoard of buying to cover, so that they can re-position their shorts at the higher price. This will be a good time to sell out for a small gain. Just a theory.

    4. This one especially, I would like some feedback on. SDRL as an acquisition target. Why are none of the big boys - such as Exxon, trying to scoop this company up? Or are they, and we haven't heard anything. The market cap is under $300 million. With assets over $20 billion and a debt load of $10-12B, wouldn't it be a smart time to buy - especially if the acquiring company were able to refinance that debt at better terms? Even a purchase at $15B would be good for everyone.
    Am I completely off target on this scenario?

    Thanks for any replies.

    Happy investing/gambling
  • Some decent sized purchases in the Pre-Market. The price is so cheap, that they are buying the stock in the thousands. Interesting, I think they will get a decent return on their investment. It's a BUY!
  • OPEC meets on May 25, and we can expect to see oil prices hurtling upwards to $55+. SDRL will reveal surprise earnings on May 24. Do I need to draw you a chart? You want to be holding this stock on Friday 26, and in the week following...
  • Crazy this anyway, Motley Fool can wreck a stock a week before the company is about to release some good news. I'd call it blatant manipulation, where a website with an agenda can undermine an actual stock. Well there is a bounce coming, take it or leave it. If you are easily manipulated by Motley Fool then you should give up trading.
  • Just bought 100,000 shares. This POS will be $1 soon.
  • Prediction for next week: Earnings Surprise, will drive this stock back up. So get ready for some good news on Wednesday. The price of oil is already rebounding. It takes guts to hold I know, but gutsy traders make money while cowards lose money... I expect to make a profit from here.
  • This week will reveal what SDRL, thru their earnings, and OPEC, thru their production cuts, have to say about the future of the oil industry. One should also look at comments made by rig competitors, like Transocean, about what they see............
    "Transocean CEO Jeremy Thigpen commented on the current offshore market and why he thinks we may be closer to a turnaround than some others in the offshore business do:
    Looking at the macro environment, we remain encouraged that global demand for oil continues to increase and according to the IEA, 2016 marked a record low in new discoveries, which certainly raises questions about future supply. We're also encouraged to see that OPEC has demonstrated both the willingness and ability to adhere to their stated production cuts. We also see that many of the named Deepwater projects that have been on hold for the last couple of years, now carry break-evens at or below $50 per barrel and, in increasing numbers, at or below $40 per barrel. And finally, we see that cost inflation onshore coupled with structural and sustainable cost savings offshore are narrowing the risk/reward gap between onshore and offshore investments. As a result, our conversations with customers remain constructive. During our last earnings conference call, we stated that a price per barrel in excess of $50 seemed to spark demand from certain independent and national oil companies. We also stated that we are seeing pockets of demand emerging in the U.K., Norway, India and Southeast Asia."
    Fasten your seatbelts......should be a very interesting market, whether you are a trader or an investor.
    Place your bets......Let's spin the wheel..........
  • Tabitha is a FOOL who has said the same thing since the stock was at 0.80. Listening to this fool would have cost you $$$.
  • Large size bid
  • Bankruptcy and reverse splits are happening way too much, it needs to stop. I can't believe it's allowed, they take your money legally without consequences
  • Next week, you weak longs are going to be kicking yourselves. Mark my words. I'll be here to say I told you so... Get ready for a bounce folks...
  • SDRL can see a bounce , they always do , but don't get greedy , they are also always bulltraps eventually ... wall street is SHORT so any bounce is just a reload for them , and down she'll go .....
  • I am cautiously optimistic about SDRL. This balance sheet looks okay, assuming the PPE is anywhere near accurate. I suggest that management has given debt holders every reason to negotiate.
    If, and that's a big if, debt holders agree to take a haircut PPS will rise like a balloon under water. Theoretically the same debt holders could buy shares at these prices and even end with a profit.
    (Sarcasm inserted here) I am sure this type of manipulation happens on Wall St. after all, there are rules. (end sarcasm)

    it even seems that a hostile takeover would not be out of the question.
    there may be a few pennies to save, but after the 24th it may be too late.
    P.S. wouldn't the payables run up a bit more if the BK was engineered?
  • SDRL Breakdown trade
    WATCH for breakdown below 0.51
    Target: 0.39, 26.4%
    P/L ratio: 3.5 : 1 - Excellent
  • Nightmare
  • Tabitha is a special kind of STUPID! I only feel free to insult because she insults all who disagree with her. Her record is a bad one. Don't listen to this FOOLIO!!
  • motley fool's pic of rig exploding is so inappropriate
  • This stock is deader than that #$%$ I had a couple weeks back
  • Puzzle over this. If Bill K/Tony D hates this stock so much, why has he lived on this board for the past 2 years, day in day out, all day, and even in the evening... Same s. from the guy for over 2 years now...
  • Q1 earnings are expected to be announced before market hours on 5/25/17
    High 0.200
    Mean -0.009
    Low -0.150