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Started By
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So, who made a fortune on Seadrill stock?
Posted on 8/20/18 at 8:41 pm
Posted on 8/20/18 at 8:41 pm
Sorry if Germans, I just found out about this yesterday.
I obviously don't follow stocks, but damn this was a huge buying opportunity.
Check out the high and low for the year.
I obviously don't follow stocks, but damn this was a huge buying opportunity.
Check out the high and low for the year.
8
Posted on 8/20/18 at 8:54 pm to bhtigerfan
They had a ch 11 bankruptcy and restructuring. The high and low is misconceiving bc it was essentially a reverse split of shares.
Posted on 8/20/18 at 8:57 pm to bhtigerfan
Posted on 8/20/18 at 8:57 pm to Shepherd88
quote:
They had a ch 11 bankruptcy and restructuring. The high and low is misconceiving bc it was essentially a reverse split of shares.
Ya, people who owned Seadrill actually came out even worse on this
Posted on 8/20/18 at 8:57 pm to bhtigerfan
Obviously
Posted on 8/20/18 at 9:19 pm to bhtigerfan
your assumption is quite wrongPosted on 8/20/18 at 9:22 pm to bhtigerfan
Look at the chart on Yahoo. Google's charts are horrible with stuff like this.
Posted on 8/20/18 at 9:34 pm to Shepherd88
quote:So, how did this work?
They had a ch 11 bankruptcy and restructuring. The high and low is misconceiving bc it was essentially a reverse split of shares.
Say you had 1000 shares pre-chapter 11, how many after?
Posted on 8/20/18 at 9:42 pm to bhtigerfan
You lost 40% of what you had before the split. They raped everyone
Posted on 8/20/18 at 9:43 pm to GenesChin
From an article about the bankruptcy.
Damn. Sorry for the misunderstanding.
quote:So, I guess $10k worth of stock was worth $200 after.
However, its shareholders will see their stakes heavily diluted. “Holders of Seadrill common stock will receive approximately 2% of the post-restructured equity,” Seadrill said in a statement published late on Tuesday.
Damn. Sorry for the misunderstanding.
Posted on 8/20/18 at 9:51 pm to bhtigerfan
quote:Answer: Their bankruptcy lawyers....
So, who made a fortune on Seadrill stock?
Posted on 8/21/18 at 8:53 am to bhtigerfan
“...but the dividend!”
Posted on 8/21/18 at 10:40 pm to LSUcam7
frick SDRL
Posted on 8/22/18 at 6:41 am to bhtigerfan
quote:
I obviously don't follow stocks,
Clearly
Posted on 8/22/18 at 11:06 am to Tshiz
quote:
You lost 40% of what you had before the split. They raped everyone
False. The equity owners bore the majority of risk and return potential. 40% is actually incredibly good compared to most Ch. 11 filing.
Posted on 8/22/18 at 4:05 pm to barry
quote:
The equity owners bore the majority of risk and return potential. 40% is actually incredibly good compared to most Ch. 11 filing.
The stock should have been priced for a Ch. 11 bankruptcy. That 40% loss is a reflection of worse than expected outcome
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