I am still holding 5000@ $14.75 from few years back. What I should do now? Can I still recover?
The more people say the stock is going to zero the more I think it's a set up for the stock to beat on earning/rev tomorrow AM and somehow give forward outlook that makes this stock shoot up to $1.00 in a matter of days. Even if it's temporary I could see a major uptick tomorrow that crushes shorts to pieces. IMO. Look for a major move tomorrow in one direction or the other. I'm gonna be a rebel here and say it's up.
Bankruptcy announcement either after hours or morning. Sucks for the folks that have been holding so long.
Which direction tomorrow? Predictions!!
Which is it? Bankruptcy or Insolvency? SDRL is showing on their balance sheet $9.573 BILLION in equity. Lawyers are licking their chops if their financials don't properly reflect the true value. Big difference between bankruptcy and insolvency. INSOLVENT companies can reverse course by cutting costs, selling off assets, renegotiating debt or allow themselves to be acquired by better capitalized corporations. JF has successfully renegotiated SDLP's debt by extending maturities by 30 months, best-case scenario for SDLP's investors. Can JF do the same for SDRL? SDRL is still making money each quarter, paying down debt and they are still working on a restructuring scheme for long-term survival. COULD THEY BE NEXT IN LINE FOR FAVORABLE RESULTS FOR ALL STAKEHOLDERS????
I think I can finally close my short position sucking every penny out of this pig it's been fun folks glta
Seems like put all the debt on us then kiss us goodbye. Sad
Who is trading this stock? Volume is showing more than 2 million today. Even after the company said that bankruptcy is likely, people are buying it, very strange.
SDLP is being protected in all these shennanigans. Dividend will also be promised post-restructuring... Statoil recently announce West Elara will drill a well commencing Sept/Oct 2017. But from October, the rig is contracted to ConnocoPhilips.
Time to load up folks if you haven't already. Nice gains, they are a comin'. The shorts here are the only ones bashing this stock. Why.....? They're trying to squeeze every penny out of this. But guess what? They're about to lose some serious profits. Oh well, that's what happens when you get too greedy. JMO.....
I'm all in
Good chance for gamblers here, put a few thousand dollars here, if you are lucky, win big or lose all. Anything positive in earning will move this POS up.
I think the next earning announcement will be coupled with a 10-1 reverse split...my opinion...
Back in boys....... Used a couple hundred thousand from my profits trading SDRL in the last year. Expect 30-50% profit in the short term. We shall soon see. If it doesn't pan out, oh well. Still up over 200K on this stock alone. Remember folks, play the swings. Eight times out of ten, you'll make some bank. This is exactly what the big boys are doing. GL folks, and happy trading.
Slow melt down market is starting to price in the bankruptcy.
I'll see you in court for fraud, theft and manipulation