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re: Oil stocks...are you buying?

Posted on 3/1/16 at 8:22 am to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81094 posts
Posted on 3/1/16 at 8:22 am to
Anyone know what made SDRL pop 17% yesterday?
Posted by raw dog
Baton Rouge
Member since Nov 2011
483 posts
Posted on 3/1/16 at 8:34 am to
Oops, misread previous post. Deleted.
This post was edited on 3/1/16 at 8:35 am
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
77645 posts
Posted on 3/1/16 at 10:49 am to
quote:

Anyone know what made SDRL pop 17% yesterday?




LSURussian went long
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38974 posts
Posted on 3/1/16 at 2:33 pm to
quote:

Anyone know what made SDRL pop 17% yesterday?


I heard they were hiring yesterday. Went and checked the stock price and it was up. I don't know if that news was the cause though...
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2831 posts
Posted on 3/1/16 at 5:06 pm to
Seadrill Ltd forms bullish "Double Bottom" chart pattern

02/29/2016


Recognia has detected a "Double Bottom" chart pattern formed on Seadrill Ltd (SDRL on NYSE). This bullish signal indicates that the price may rise from the close of 2.24 to the range of 2.27 - 2.35. The pattern formed over 15 days which is roughly the period of time in which the target price range may be achieved.

Seadrill Ltd has a current support price of 1.82 and a resistance level of 2.36.

A Double Bottom is considered a bullish signal, indicating a possible reversal of the current downtrend to a new uptrend. Sometimes called a "W" formation because of the pattern it creates on the chart, a Double Bottom consists of two well-defined, sharp troughs at approximately the same price level. The technical event occurs when prices break out above the highest high of the formation, which confirms the pattern.



Not that I believe the above mombo jumbo but....

Here is a fairly positive statement by the CEO from last week.



SDRL - Seadrill Limited Announces Fourth Quarter 2015 Results

BY Hugin
— 2:01 AM ET 02/25/2016





Highlights

* Revenue of $959 million
* EBITDA of $513 million
* 93% economic utilization
* Reported Net Income of $279 million and diluted earnings per share of $0.58
* Cash and cash equivalents of $1.04 billion
* The Seadrill Group achieved 95% economic utilization
* Seadrill Group orderbacklog of approximately $10.7 billion



Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said:

"During the fourth quarter we experienced our best operational quarter of the year, while continuing to reduce our cost base. Safe and efficient operations remain at the heart of what we do as we continue to drive down costs.

In the face of the severe downturn in our industry our priorities for 2016 are to conserve cash and address our financing needs. We have a modern competitive fleet, a proven track record in operations and every intention to position ourselves for a recovery in the sector.

Our 2016 liquidity is good and we aim to communicate our funding plans during the first half of the year."

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

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