Seeking Alpha
  • Energysystems
    $SDRL opening higher after pre-market ex date(1.70), adding to my position. A 9%+ yield
    12/4/12
    Reply (12)
    • wigit5: down almost $2 now looking more and more like a good time to add
      12/4/12
    • parrothead1972: whats the deal with the big drop? Ex div? Ive only owned since 11/30, am I capable of getting the dividend?
      12/4/12
    • losbronces: Parrothead> Its being sold today ex-divi, which is why it dropped. Anyone who owned yesterday gets the divis.
      12/4/12
    • losbronces: Its actually slightly up considering the divi adjustment.
      12/4/12
    • Energysystems: Yep, it is a double dividend of 1.70. That accounts for the drop.
      12/4/12
    • wigit5: You will parrothead1972.
      12/4/12
    • parrothead1972: Gotcha...thanks.
      12/4/12
    • jason2788: Did the same. I backed up the truck.
      12/4/12
    • neobliviscar: Yep. Had this spread through personal accounts and in the fund. Called away from me via out of the money calls in one account. Interesting.
      12/4/12
    • losbronces: Why would anyone exercise OTM calls? Not even savings on the fees compared to buying shares at the bid.
      12/4/12
    • neobliviscar: That was what I found int-. When I got the note, I had to read it twice. I have so many Cov Call pos. now & thought it was one of them.
      12/4/12
    • neobliviscar: When I saw it was SDRL, I checked the other accounts.... nope, still in there. So I'm scratching my head on this one & pocketing the money.
      12/4/12