written by reader SDRL reaction Nov 26

By jeffh, November 26, 2014

dividend suspended?

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anton669
Irregular
November 27, 2014 2:03 pm

Yes !!! The stock tank more than 20% … In that space i prefer Ensco, Nobble and DO, but perhaps is still early to buy because the direction of the oil price
Regards 🙂

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Travis Johnson, Stock Gumshoe
December 1, 2014 12:31 pm

It has been ugly, indeed — I’m still gathering my thoughts on that one.

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jer_vic
Irregular
jer_vic
December 1, 2014 3:21 pm

I would be interested to hear what you think about this one as well.

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herbalix
Irregular
December 2, 2014 4:03 am

I do believe that this is not the end of SDRL and that the oil price will not permanently stay so low. Could be a while until the oil price improves significantly, but doesn’t have to be. My hopes are for 6 months, but i am prepared for a 1-2 year waiting period. As much as I did not like that SDRL cut its dividend it probably was in the best interest of the company and therefore the stockholders. I won’t be surprised if SDRL would reinstate somekind of 10% dividend as soon as the situation improves! Definitely a rough ride for now!

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