Seadrill Partners LLC. (fka SDLPQ)

[Renee]

SDLPQ Bankruptcy PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[whytestocks]

News: $SDLP Seadrill Partners Announces Completion of Its One for Ten Reverse Unit Split

London, United Kingdom, July 2, 2019  —Seadrill Partners LLC (the “Company” or “SDLP”) (NYSE: SDLP) has completed its previously announced one-for-ten reverse unit split. Pursuant to the reverse split, every ten SDLP common units and subordina...

Find out more https://marketwirenews.com/news-releases/seadrill-partners-announces-completion-of-its-one-for-ten-rever-8444790.html

[eastunder]

one-for-ten reverse

London, United Kingdom, May 30, 2019 - Seadrill Partners LLC (the "Company" or "SDLP") (SDLP) announces a one-for-ten reverse unit split on its common units and subordinated units, which is expected to be effective after the close of trading on July 1, 2019. Trading of the split adjusted common units will commence the following day under the same ticker symbol "SDLP" on the New York Stock Exchange.

The reverse split will affect all common and subordinated unitholders uniformly and will not alter unit classes or ownership interests in the Company, except to the extent that the reverse split results in any of the Company`s unitholders owning a fractional unit. No fractional units will be issued in connection with the reverse split. Instead, in accordance with the limited liability company agreement, all fractional SDLP units will be rounded to the nearest whole unit, with 0.5 units rounded to the next higher unit.

The reverse split will reduce the number of common units issued and outstanding from 75,278,250 to approximately 7,527,825 common units, and the subordinated units from 16,543,350 to approximately 1,654,335 subordinated units.

[Xzibit]

Earnings date is Feb 18 or 22nd. Does anyone think it will be positive ?

[willlbone]

Take out those 99 cent stops.

[leftovers]

RUT ROW looks like it's lights out here?

SDLP : Seadrill Partners whacks dividend by 90% to $0.01

[koen2]

Small contract ,better the nothing.

market for deepwater drilling has bottomed ,but recovery is extremely slowly.

Going to keep this on watch.

[lightrock]

Time to wake up and stretch and spray WD-40 on rusty joints, get in some cardio...

Momma bear emerged from Chapter 11

Inventories are declining

Not a lot of earthquakes seem to be remaining in Oklahoma... hmn...

[lightrock]

Articles

https://www.zerohedge.com/news/2018-06-18/venezuela-forced-shut-down-production-operations-fall-apart

https://www.nytimes.com/2018/05/17/business/energy-environment/venezuela-oil-sanctions-iran-china-russia.html

[lightrock]

Kinda busy and can't look unless there is something interesting. Fracking water doesn't make me interested if that's the thing. Pipelines, moving, storage, that's interesting. Lots of competition in not only companies but also methodologies. Logistics of water is high cost, high effort, and low margin. I'll take the pipelines and transport and storage over that any day. You can play on the hype of those if that is brewing on the water thing but lock in your position - short the box, or cash in. Just sayin, danger danger. The water doesn't play like any hype suggests. Nobody has proven it with margin on it.

[jugs]

Are you nuts?

NGL isn't cleaning water so you can bathe in it!

You haven't invested five minutes in NGL. I won't help you until you give a shit.

[lightrock]

yeah, I've been burned on the water clean up thing before. Seems people keep a clean house. Important sure. Profitable for a service ? Good luck.

I will look at the other things. Careful on the water part, very careful.

[jugs]

I don't have the luxury of helping as you'd like, my time is dear. Read through the NGL board. You'll find it all spelled out. Your job will be that of reading and looking over prs and SEC filings. It's what professional investors do.

I will say this: you stated that water is not meaningful in terms of being a profit maker. You could not be more wrong. You haven't made an investment of time yet that's what it takes to become successful. And NGL doesn't focus on trains. Pipeline space is immensely profitable yet you're not seeing it. Water cleanup ranks as the greatest potential of all but you're not seeing it!

There's no excuse for laziness so get to it and join us on the board. And read the three articles on NGL just in the last week alone at Seeking Alpha.

[lightrock]

That is why I am asking, I've never seen it before, I have only the first glance of it.

I need one something to sink one tooth into

[jugs]

You're not grasping what the company is doing, has done and, I believe-- is poised to accomplish.

I try to help those having difficulty adding things up meaningfully but you would possibly benefit by becoming acquainted with company-led divisions.

Because of what I'm seeing, I saw fit to add 500 units today and may continue to do so tomorrow. Others on the board are doing similarly.

[lightrock]

What is the play there ? First glance it is not looking good to me, selling/sold the retail propane, and waste water - I totally discount those, so it has to be pipe, rail and storage. What's the up-side on that for these guys ?

[jugs]

The need and obligation to pay my bills often moves with lightening speed. This explains why I'm in NGL and not SDLP.

Nothing fuzzy about this for me.

[lightrock]

Following through

https://www.reuters.com/article/us-venezuela-pdvsa-refineries/exclusive-venezuela-eyes-first-ever-use-of-foreign-oil-for-contracts-documents-idUSKBN1J92SQ

The wheels turn very very slowly

[jugs]

Smart stuff you're saying!

[koen2]

If SDLP can survive it's going to be two year to materialize .

Oil has to be ober $70 for a year of two when, the big oil company's are confident to pay for deep water drilling again.

But if it all works out at some point this could be a big winner.

For the moment there are better opp. in the oil and gas space i think.

But best of luck

[lightrock]

Taking Iran back in to full sanctions just might be what you are looking for.

Everything is kinda slow motion. I imagine the response could take a year or so to materialize.

The wise should start to realize that if they want their light sweet they need to invest and insulate from all the drama that occurs more and more frequently in this regard.

[jugs]

Be sure to look for near term catalysts before committing.

If you find some, then I'll need to get my vision checked.

[lightrock]

Ok

I am not ready to throw down yet, but I am watching SDLP

[jugs]

You're not running amok at all! You're excited because you're seeing the whole story, pulling a lot of critical points together for the benefit of others.

Excellent post!

[lightrock]

Yes exactly.

Imagine trying to get heavy tar-like oil to flow unless you "thin it", let alone pump it out of the ground.

So again, my understanding is that you gotta grease those Venezuelan wheels or they don't even turn - so to speak.

Follow the trials and tribulations of the world and compare to maps of where all the light-sweet is... ( perhaps to include the knowledge of planned or in progress build-out of pipelines associated with those places )

The lite sweet of Saudi Arabia is closer to... Yemen...

We have a lot here, but, for anyone to buy it from us, you see, they have to agree to things, minor things, human rights, etc., no big deal... (arm twist)

So my estimate of what drives SDLP are those that need light sweet, don't have it, and need an alternative to buy from U.S.A.

Another factor is volume vs. price. Saudi Arabia wrecked themselves recently doing that in an effort to force many U.S. businesses out of business... and failed. So, see Malaysia and their most excellent light sweet vs. its high price vs. diminishing demand because the price is so high. ( I believe we have a drill there as we speak, more volume )

Anyway I am running amok. Point is, heavy crude needs grease.

[jugs]

Not sure you understand the link you've provided.

Venezuela, according to the article, seeks to acquire light sweet crude to use as a diluent. In effect, they are hoping to smooth out a wrinkle in their predicament---using lighter material as a thinner much as we use various thinners to thin out paints.

The problem here is that Venezuela will not find any country prepared to offer credit to a cash-strapped country. And heavy sour crude is far less valuable than ultra light, sweet.

The standoff will continue, I suspect.

[lightrock]

A drive-by messaging, apologies:

If Iran gets cut-off, how many other places make the miraculous "light-sweet" type ? Say for example you cannot pump or process or whatever Venezuelan heavy cost-effectively without that...

The exact types of oil matter to this mix, not just the word "oil".

Por ejemplo: (pardon the multi-lingual pun)
https://www.reuters.com/article/oil-venezuela-imports/venezuela-seeks-light-crude-contracts-to-make-blends-sources-idUSL1N1041K620150727

[jugs]

Keeping it simple:

US production is so strong and becoming increasingly so that I'm not seeing any reason whatsoever to put cash to work here.

Offshore drilling happens when there are provable shortfalls coming from onshore. What we have is exactly the opposite. This overrides all other considerations for me.

[koen2]

Hey Jugs i'm also watching this one for a few years now.

No position yet.

But if oil prices remain strong we could see a come back in the deepwater drilling segment ,and for SDLP it can come just in time.

Positives
- oil on the rise.
- great and new fleet.
- big customers who are going to need spending all that money with the high oil price.
- Build up in cash position. almost 850 million i believe.

negatives
- premature strength in oil prices ,are the big boys already in for high priced contracts?
- Still huge debt level 3.2 billion.
- competition of shale oil.

What's youre opinion, but i think there is going to be time enough to define when its time to buy.

But this one could be one of the great opportunities in the oil sector.

[jugs]

This morning I liquidated my small position in SDLP. I lost money but the real motivator was my thinking there's very little likelihood for me to recoup my loss let along charge ahead into profitability. I've got other fish to fry.

So I wish you all better fortune than the one I failed to gain in this pick.

Adios!

[jugs]

Interesting item for me----today it was announced that the SDRL backers have agreed to the post-bankruptcy plan in place accounting for more than 98% of the votes as I recall. The final vote takes play shortly. IHUB hasn't yet posted this news, it came to me via Benzinga newsfeed.

I'm expecting some short-term gains. However, I'm expecting to remain underwater for the time being. I do NOT recommend this pick for others, at least not yet.

[jugs]

The distribution is back although diminished.

[BillionaireEye]

Are dividents still in this company because that is what hurt it a couple of years back when they cut off dividends.

[RyGuy]

Just started a position in SDLP as well. 1000 units at $2.76

[jugs]

Good luck. It's a bit of a crapshoot, imo, but it represents very little money so long as you don't over-stock the pond. I'd sit where you have it without adding.

[harkmi]

jugs, just couldn't resist after you mentioned this one the other day. I think this could be as big or bigger winner than others.
Thanks!
GLTA!
See below:
03/15 Bought 500 SDLP @ 2.96 -$ 1,485.00

[jugs]

My distribution came in today. My position is very small, just a thousand units with a cost basis of $3.47. Backing out the distribution of today, my revised CB is now $3.37.

For the moment, I'm liking this. If we bank on continuing revitalization within the oil sector and, in particular, off-shore activity, then SDLP might just be at a cross-fire point with significant opportunity not too far down the road.

Happy hunting, everybody!

[leftovers]

Seadrill Partners goes ex-dividend tomorrow

Mar. 1, 2018 12:32 PM ET|About: Seadrill Partners, LLC (SDLP)

Seadrill Partners (NYSE:SDLP) had declared $0.10/share quarterly dividend, in line with previous.

Payable March 12; for shareholders of record March 5; ex-div March 2.

Good prices right now if people want to get in and capture the nice .10
currently trading @ 3.32

[jugs]

Thank you for the welcome. Your behavior is beautiful.

[leftovers]

Nice! I am sitting with 2000 units at the moment. Going along for the ride too. Glad your back build more confidence here!

[jugs]

Re-launched a position in SDLP a couple of weeks ago. Just 1,000 units at $3.47 for starters but if the position survives an incubation period of no more than three months, I won't have any problem with adding.

From what I'm reading, the 10 cent distribution is back on track for paying later this month of March. More important is that creditors have agreed to terms favorable to all concerned but most important to unitholders, of course, is adding sustainability to the company's future prospects.

So for now we wait and watch and hope for the best in all respects.

[stocktrademan]

SDLP buy 3.3362

Nasdaq stocks $1-10 with 100,000 volume
bullish divergence
macd zero crossup

















normal chart




log chart

[leftovers]

Big pull back might get back in if it gets to 3.5. They have earnings coming out. Think I will wait to see what they report before any new opening positions.

London, United Kingdom, November 13th, 2017 - Seadrill Partners LLC is scheduled to release its third quarter 2017 results on Tuesday November 21st, 2017.

In connection with the earnings release, a conference call will be held at 12:00 p.m. EST / 5:00 p.m. GMT on Tuesday November 21st, 2017.

[leftovers]

Nice close at 4.12 rising oil seems to be helping here. Will see how the week goes.

[leftovers]

SDLP breaking into the 4's today on Xdate. Nice move Glad I picked some up last week. Think I will sit tight for a while and see where it goes this month!

[leftovers]

London, United Kingdom, October 27, 2017 - Seadrill Partners LLC (NYSE: SDLP) ("Seadrill Partners" or the "Company") announced today that its board of directors has declared a quarterly cash distribution with respect to the third quarter ended September 30, 2017 of $0.10 per unit, in line with the second quarter distribution.

[leftovers]

wonder if they are going to be announcing the next dividend quarter soon? They were a month late on the last one and made good on the missed May quarter. November would be their time to pay?

Will be interesting at any rate!

[SameJC]

Merci beaucoup!

[jugs]

And you are a conspicuously beautiful person.

Thank you for daring to be sharing.

[SameJC]

I’m feeling better about all this thanks to you. It’s fair to say your a wise man and I’m lucky you took the time to give me some insights about life. Thank you