are you people really that broke and hard up to sell all your stock at a huge loss vs letting it sit and play out?
The stock is at the whim of day traders now...with a downward trend and will have low volume until the bankruptcy hits.
Well, I closed out my 30,000 share position at .5525 - for a $2122 loss. Closing out on a loss is difficult, but glad to be done with it. Goodbye Seadrill. Best of luck all.
Where is Tabitha? Back to the VRX forum ?
SDRL - Seadrill Limited Announces First Quarter 2017 Results BY THOMSON REUTERS ONE — 2:03 AM ET Highlights * Revenue of $569 million * Operating income of $83 million * EBITDA of $291 million * 98% economic utilization * Reported net income of $57 million and diluted net income per share of $0.13 * Underlying net income, excluding non-recurring items and non-cash mark to market movements on derivatives, was $22 million and earnings per share was $0.06 * Cash and cash equivalents of $1.5 billion * Seadrill Limited (SDRL) order backlog of approximately $3.4 billion
Did anyone listen to or read the transcript of the First Quarter results? I read it today and was surprised there was only 2 questions asked by one analyst from ABG. Neither question addressed the restructuring. At this point that's the only important issue because if they wind filing for bankruptcy shareholder value gets wiped out. The Quarter actually sounded pretty good overall but the black cloud hanging over everything is what ultimately happens on the restructure. I'd always thought at some point Fredrickson would step in but that is looking less and less clear. With the new company he formed I wonder if he lets SDRL go and picks up pieces of it cheap?
Why is this even in green after the restructuring news out yesterday?!
05/05/17 Tyler Crowe (TMFDirtyBird) - Interesting write-up with the headline "Transocean's Q1 Earnings Were Dull, but Upcoming Moves Could Be Exciting" - "Management keeps hinting at making an aggressive acquisition or two that could fundamentally change the way we think about this offshore driller." Also had info about the CEO and his comments about the industry. Any acquisition in this group could spark interest in distressed companies that are going thru tough times before or even after restructuring.
Tabitha won't appear unless it hit back to 0.65s..by the way where are all the big fan of Tabitha ?
The company reported better than expected earnings lol this is a buy and a long term hold, not a sell. Don't listen to these clowns
A number of years ago the drilling company was taken over by Clampett Oil, whose CEO Ellie Mae was not too good at running numbers.
ok it's been a while since I looked at this company. Can anyone tell me why it is trading below $1 now when just 4 years ago it was trading in the $40 range?
Who wants to take a brave guess by what percentage will this drop tomorrow?
Who is keeping this above 51c
The Company has notified the NYSE that it believes it could regain compliance through the completion of a comprehensive restructuring plan arising from the Company’s previously disclosed ongoing negotiations with its banks, potential new money investors, an ad hoc committee of bondholders, and other constituents in the event that such restructuring is completed prior to the expiration of the six-month grace period from the date of the NYSE notice. There can be no assurances that the Company will regain such compliance, the restructuring will be completed within such grace period or that the common shares will not be subject to delisting during the grace period if the Company enters into Chapter 11 proceedings or for other reasons.
Hope you sold while you had a chance. Company reports a profit, and they still want to screw investors. Talk about evil greed.
So where are those fool that say will goes up to $1 and higher ?
All drillers are down, don't feel bad.. Buy buy buy!!!
Hairy G. Balls
Saudi conceded. Oil is stable at $50. SeaDrill will survive. $2 by Summer. Kaboom!
SDRL down 84% year to date. What are you people thinking!!