Timothy J. Biebelhausen

Seadrill: Finding Gold in an Oil Driller

Thanks Axebl2


On Jul 28 10:33 AM axebl2 wrote:

> Seadrill is a great company, and my #1 holding, but I recommend doing
> a little better job of fact checking as the credibility of your article
> is shaky with the following errors:
>
> "$3,500,000 Norwegian Krone" is not a valid unit of currency. Pick
> one, $, or Krone, but not both. $3,500,000 = approx 18,000,000 Norwegian
> Krone.
>
> Seadrill does NOT own a substantial position in Apexindo. They liquidated
> their entire holding in October of 2007. -> www.seadrill.com/modul...
>
>
> They did own 80% of Seawell, but their interest has been diluted
> to 73.40% as noted on page 4 of Seadrill's Q1 2008 report -> www.seadrill.com/strea...
>
>
> Finally, you omitted a key holding in Sapuracrest. As of the writing
> of your article, they owned 19.71% of the company. That many not
> meet your criteria of "substantial"... but their systematic open
> market purchases of SapuraCrest stock on over 58 days in the last
> 6 months suggests that this is far more than a short term financial
> investment.