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NADLQ shares cancelled - BANKRUPTCY
http://otce.finra.org/DailyList
nice couple weeks here congrats guys!
The contracts include market-indexed dayrates and the estimated backlog is subject to change based on market conditions.
The contracts are for a period of ten years and the total additional backlog for the new contract awards is estimated at $1.4 billion, excluding performance bonuses.
In April, North Atlantic Drilling announced the contract rewards and extensions for the jack-ups West Elara and West Linus with ConocoPhillips (COP), for work in the greater Ekofisk Area.
Hopefully nobody lol.
They sunk.
My comment was almost spot on!!! buy .50-55 then sell .75 for a . 50 percent gain! Who followed my advice?
NADL was changed to NADLQ and was delisted this morning. It often takes a full day for all Brokers and Market Makers to make the changes before trading can resume on the new ticker.
WTF!!!!!!!!!!!!! I can't pull up NADLQ on my TD Ameritrade!! Is this trading???
NADL changed to NADLQ, bankruptcy. Delisted from the NYSE to the OTC:
http://otce.finra.org/DLAdditions
Buy at 50-55... That is 50 pct down from the close. @ 1.12 then Sell around .70-.75 cents --once again. Buy around ..50-55 cents ,then sell .70-.75 for a 40- 50 pct gain
I think we found the bottom.....
* * $NADL Video Chart 08-25-17 * *
Link to Video - click here to watch the technical chart video
That 30 percent stake will be acquired at $9.25 per share. NADL and Roseneft both see long term gains in the company. $$$$
Sizzle
North Atlantic Drilling, Seadrill win extra time on Rosneft deal
North Atlantic Drilling (NYSE:NADL) +8.4% and Seadrill (NYSE:SDRL) +4.3% premarket after agreeing to extend their closing date in a framework agreement with Rosneft (OTC:RNFTF) to May 2019, amid continued western sanctions on Russia.
Under the framework deal, Rosneft was to acquire a 30% stake in NADL in exchange for land drilling rigs and cash; in a separate agreement, NADL would provide six offshore drilling rigs to Rosneft.
NADL and SDRL can continue to market the offshore drilling rigs and enter into binding contracts with third parties.
This is gonna drop like a rock
when you least suspect it.. watch and learn
lets flush out the longs, let new money in...
Going to take solid significant news to reverse this downtrend. I bet it drops lower. Chart is set for another dip. Not buying in until we find the bottom which could be substantially lower imo
Trump just signed an Executive Order opening oceans to offshore drilling, reversing an Obama-era ban on Arctic leasing.
increased Funding to $50 million. The facility was originally entered into on January 31, 2017 for $25 million and extended previously to mature on April 30, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies.
This is getting interesting!
$NADL
#NADL
why do you think IT will go to $ 30.00 ?
U funny lol
Under Ogers observation Guide
$5.99 while supplies last!
Where can I find that
$30 a share valuation with new contract
Huge climb ahead
* * $NADL Video Chart 04-20-17 * *
Link to Video - click here to watch the technical chart video
Deff looks like shorts came in end of day... would love to see news to burn them... nice climb today without news
Holding some to see how story pans out.. Contract news was huge, should be a nice steady riser.
What you looking for 4 bucks??
Dipped in yesterday.
With 22 million volume, just means more will get trapped. Low floater.
Finviz has it at 6 million. Nice close!
I read the entire PR, plus a good opinion article on this new deal, What is the updated share count? I saw someone posted the float was only 6M but I can't find info that anywhere
NO, that's Why NADL is UP. It will get back to $12. per share soon because it won long term contract with COP(Just read the 4/11/17 news/PR).
Here's NADL's 4/11/17 GOOD News:
https://ih.advfn.com/p.php?pid=nmona&article=74310897
Just stumbled upon this. quick question for the board, this stock is a subsidiary of seadrill, Is this apart of the BK proceedings?