Seeking Alpha

SeaDrill's (SDRL +1%) potential five-year contract for its West Polaris drillship provides...

SeaDrill's (SDRL +1%) potential five-year contract for its West Polaris drillship provides evidence for strong offshore drilling fundamentals, Power Hedge believes. Potential revenue of $1.16B implies a higher dayrate of $635,600, a profitable trend that may also reduce SDRL's exposure to market cycles.
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Comments (3)
  • wigit5
    , contributor
    Comments (4244) | Send Message
     
    Put my buy in at a limit of $32... looks like I won't get that now :(...
    7 Jun 2012, 03:24 PM Reply Like
  • mitrado
    , contributor
    Comments (2027) | Send Message
     
    Why not, wigit!?

     

    I have a few SDRL shares at $34.5 and so far, there hasn't been a single stock I've bought that I couldn't have bought cheaper... so I'm guessing SDRL will soon go to $30 or lower.

     

    PS: It happens to me all the freaking time (I buy)...
    When I don't buy, stocks run away from me. :-P
    8 Jun 2012, 05:09 AM Reply Like
  • wigit5
    , contributor
    Comments (4244) | Send Message
     
    Ha-ha I'm in the same boat, Bought some stocks in October last year (that were already at 52 week lows) they are down 40-60% since I bought, bought some in February they are down 3-4%... SDRL was down a bunch I put in my buy at 32 and it runs up almost $1.50 then settles down minus a penny... The life of an amateur investor right here!

     

    .
    8 Jun 2012, 08:33 AM Reply Like
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