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MisterEC

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MisterEC

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Re: None

Thursday, 09/15/2016 11:02:22 AM

Thursday, September 15, 2016 11:02:22 AM

Post# of 2606
The Doggy needs a new pair of shoes!
Seadrill Ltd. - 10-20% Downside?

Summary

Seadrill's shares have cratered ~39 percent in 2016.

Concerns over the company's debt load and a distressed offshore market have hurt investor sentiment.

Recent IEA oil market report has also hurt the energy sector.

How low can SDRL go?

"Given the information available to us at this point, I see 10-20% further correction potential for Seadrill's shares." $1.55, I like it.

One can learn if they aren't stuck in their position.
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