what happened? some pending bad news for this company? if bad news come out within the next couple of weeks, the SEC should investigate. looks like insider trading.
class action coming soon. just my prediction.
I can't think of any good reason to buy SDRL now
What a horrendous destruction of shareholders wealth through bad decisions!
SDRL now and ESV later. The management's are cashing in on salary and dumping their stock so they go Chapter 11. Get the shareholders equity out of the way and partner (arms length) with equity firm to relaunch on the cheap. This is why we all should join the right country club. Greed is alive and well and they don't care what happens to us. You know they're not going to scrap the metal right?
Maybe 2 cents on the dollar in book value is reasonable support level.
Somethings I just don't understand. 1) Why hasn't the NYSE issued a "Get Well" letter to SDRL because the stock has been well under the min. $1 level for way over 30 days. 2) Why is SDLP still holding the 1Q dividend for re-org news 3) SDLP has made no mention of the 2Q div. and it is way past due. Does the NYSE SDLP and others have knowlege about a pre-pac Ch11? They are keeping this pretty close to the vest!
Anyone understand the sudden drop in the last hour?
Bad news coming, it's going back down.
Good news coming , it's going back up
Glad I avoided this mess....anybody knows what caused the sudden 20% drop Friday?
If this breaks into the .30 range it'll hit the .20 range too .
Eggspect BK announcement on Monday.
Shalers continue to nail the coffin shut.
(Tops) is next to spike
I don't hear anyone " backing up the truck to load up! "