Sea Drill is in final stages of a restructure. Its one of the worlds largest drillers and has 13 new units under construction right now with another 5 units available for offshore operations now.
What do you think????? Buy or not to buy?
Hmmm....this will be interesting to learn the opinions of others!
Get deep on this!!!!!
What do you think????? Buy or not to buy?
Hmmm....this will be interesting to learn the opinions of others!
Get deep on this!!!!!
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No change on this chart
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SeaDrill has good news as US bankruptcy court approves reorg plan. Shares are up strong today. I am holding long. I expect 3.60 at year end.
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SDRL is gaining. In the last 4 trading days, the value has increased 100%. .26 to premarket today at .56. Crude continues to drive the sector. at 75$ bbl Brent Ocean Drilling is profitable.
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I forgot to add, this is a long-term play. I see a 5.00 price at year-end. Unless crude takes a dump.
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SDRL is in a Parabolic Move...Watch Closely!!!!!
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For those following this trade, I exited by calls with 300% gain. I an now short SDRL for June. I still have my leaps and they haven't moved much but they will. There are 46k+ contracts at .50 SDRL Jan 2020. That's 4.6 million shares at.50 for a large offshore driller. cheap cheap cheap