darth.stocks
Long

Offshore Drillers: Performance gaps will be closed

62 3 2
Compared to Brent the whole Offshore Drilling Industry had a miserable "recovery"... Presenting here Seadrill Group in comparison with Brent shows the upward target and the fair value would be around 24 (currently 9). From the chart the correction target from the rising wedge was hit almost on point and we should expect a reasonable upward movement. Remember: Fair current Value would be in 24 Range...

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PangBlood
2 months ago
SDRL group is much lower because of the added risk of Ch11, they are loaded with DEBT and only enough cash for roughly 10% of that debt. Even in the SDRL conference slides, they mentioned "looking for financing opportunities." So added risk of CH11 or secondary offerings makes this discounted vs Brent. GL investing
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darth.stocks PangBlood
2 months ago
A summary of news can be found at http://seekingalpha.com/symbol/SDRL . Considering Chapter 11 see http://seekingalpha.com/article/4007534-seadrill-pareto-conference-per-wullf-expects-solution-ongoing-refinancing-early-december . The "wildcard" is John Fredriksen who bought 25 % of Seadrill and a really significant amount of debt... Unlikely that an insider like him will lose money on SDRL over long term.
Some recent news at http://baseballnewssource.com/markets/seadrill-ltd-sdrl-receives-sell-rating-from-credit-suisse-group-ag/117208.html . There is quite some interest from big money...
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PangBlood darth.stocks
2 months ago
Lol Fun Trading on seeking alpha, he has no credibility. And John Fredriksen can be wrong, Bill Ackman thought he was right on Valeant. Just gotta wait and see. Seadrill has some 3.27 billion dollars debt maturing in 2017, 2.43 billion in 2018, and 2.82 billion in 2019. If they were to service this with equity, existing shareholders would be wiped out, if they go to Ch11, shareholders will most likely be wiped out. SO very high risk
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