written by reader SDRL reaction Nov 26

by jeffh | November 26, 2014 10:08 am

dividend suspended?

Source URL: https://www.stockgumshoe.com/2014/11/microblog-sdrl-reaction-nov-26/


6 responses to “written by reader SDRL reaction Nov 26”

  1. at_57 says:

    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 🙂

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

  3. herbalix says:

    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!

  4. jeffh says:

    Lots of class action and securities fraud notices this week. Travis, do you plan on posting your thoughts?

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