SDRL is a Scandavania / UK-based company supporting offshore oil drilling projects. On the
daily chart I have drawn a green support trendline and a red resistance trendline from the
higher weekly timeframe. Fundamentally- it has had two consecutive earnings beats. Per
Tradingview, the average analyst has a price of $45 as a target and technically it...
Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up...
SDRL has been in a large downtrend, recently it has seen a large price pump, this may be due to fundamentals however we will stick to charts. A short opportunity has opened with the recent pump, touching the downward trendline and indicative of a possible bearish reversal.
Seadrill Ltd. is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, jack-up rigs, tender rigs for operations in shallow, mid, deep, and ultra deep-water areas, and in benign and harsh environments. It operates through the...
Recent moves in Seadrill should not be taken with to much optimism, any recovery has a long way to go, so need to be jumping in it yet. We await a cross on the 3day and 1 week 7&12ma's to confirm a bias on the long side in confluence with sustained volume.
EARNINGS CALL TRANSCRIPT
The improvements in forward pricing and utilization are leading indicators that...
For those that followed me in SDRL. Close final positions and take profits at gains of greater than 100%. Prepare to rentry at .20-.24 and hold for a long term gain.
You can also short with puts to (.50 puts)
This is a good trade to follow and for review read my prior to analysis for long term positions. This is better than crypto because it is oil, oil,...
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!!!!!
This chart represents one of the top 10 Ocean Oil Drillers in the world. They are in bankruptcy and preparing final plans for the reorg.
This play reminds me of Delta after the 9-11 attack and their bankruptcy reorg.
This is a pure speculation play with a potential for a great reward.
t1 is 29.50 for as long as it takes.
My plan is to acquire 1500 shares...
# Price marked up from previous low breakdown failure(less volume are interested to the breakdown).
# Mark up is supported by volume spike showing interest.
# RSI higher high. MACD lines up below 0, histogram converge.
# News: Restructuring plan.
Condition:
1. If price gaps up high at pre-market or market open, I will cancel the orders and wait for a gap up...
