dividend suspended?
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dividend suspended?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
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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 🙂
It has been ugly, indeed — I’m still gathering my thoughts on that one.
I would be interested to hear what you think about this one as well.
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!
Lots of class action and securities fraud notices this week. Travis, do you plan on posting your thoughts?
Yep, I did that here: http://www.stockgumshoe.com/2014/12/a-couple-buys-and-what-to-do-with-seadrill/