North Atlantic Drilling Ltd. (fka NADLQ)

[jr525]

Eod run ?

[jr525]

This should only go higher considering the float has been traded

[armxlx]

will go down hard before next leg up, IMHO.

[cjstocksup]

Now that is funny. They just got a 1.4 billion dollar contract from Conoco Phillips! NADL has huge upside potential above and we were over $8.00 in the last year with no huge contracts.

[surf1944]

https://www.barchart.com/stocks/quotes/NADL/technical-chart#/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=CHKMF(20);STOFA(14,3);SMACD(12,26,9);RSI(14,100)&sym=NADL&grid=1&height=210&studyheight=100

Huge gap to close!

[cjstocksup]

Looks like they halted it for the huge fills on that sell order or those huge fills happened because of the few minute halt. Heck we were halted right after the open due to trading volume also. Now we have to deal with stop loss orders then NADL should run hard above again.

[cjstocksup]

NADL News: North Atlantic Drilling wins 10-year rig contracts with ConocoPhillips

North Atlantic Drilling (NYSE:NADL) secures 10-year contract awards with ConocoPhillips (NYSE:COP) for the West Elara and West Linus jack-ups for work at the Ekofisk field offshore Norway.

Total additional backlog for the new contract awards is estimated at $1.4B, excluding performance bonuses.

The new West Elara contract, which is expected to begin in October 2017, includes a period of fixed dayrates until March 2020 and a market indexed rate applicable thereafter until October 2027.

An existing contract for West Linus is extended from May 2019 until end of 2028 at a market indexed dayrate.

[jr525]

Buy?

[cjstocksup]

That quick halt got some stop losses.

[jr525]

Y the halt?

[DJ2NAZTY]

Unhalted

[jr525]

No trades going through

[cjstocksup]

I seller and the MM's are confused. I agree about tomorrow though. NADL has been churning up perfect off todays lows until that crazy trade there. I still think ty run her hard this afternoon. I agree tomorrow should be easy green also.

[armxlx]

Holding pretty good. Shorts will be on full blast tomorrow.

[armxlx]

Holding pretty good. Shorts will be on full blast tomorrow.

[cjstocksup]

Looks like it is more computerized algorithm trading happening. It benefited us all the way up to $2.47 from the lows at $1.80 to $2.00 earlier. I would bet on a break at $2.50 this afternoon.

[jr525]

Nice consolidation going on

[jr525]

Hope this closes around HOD

[jr525]

With news like this we should go back there

[jr525]

Looks like they shorting this

[cjstocksup]

Look at a yearly chart. Heck we were over $8.00 not long ago.

[jr525]

Yeah and a small float here

[cjstocksup]

I agree NADL has been churning higher and higher. Looking for a super strong close IMO. The news is HUGE.

Next leg up should push it over 2.50

[jr525]

Next leg up should push it over 2.50

[cjstocksup]

Nice looks like NADL wants to run over $2.50 again soon IMO.

[jr525]

This was 100 bucks 3 years ago.... wow

[jr525]

I hope sooo... need a winner here lol

[Oger]

Float 1.74 million long traded away .
Shorts are trying to hold down but can't
Will be multi day runner

[jr525]

Huge move being made here

[TheFinalCD]

2.46 WAS THE OPEN SO MAYBE MENTAL RESISTANCE THERE?

[Tdash]

Yup. was not trading this smooth earlier. looked like a quick flip from under $2 to above $2 was a good call. now its on fire again lol

[TheFinalCD]

2.46 & GOING


NADL

[jr525]

1.5 billion contract?? Shouldn't this be at like 10 bucks? What's the float

[Wildbilly]

Me too, Profitus Interruptus.

[jr525]

Hope so

[jr525]

I tried but got 5k at 2.03 hopefully this closes in around 3

[TheFinalCD]

bought the dips under $2





Filled Buy 2000 NADL Limit 1.9298 -- -- 10:23:02 04/11/17


Filled Buy 1000 NADL Limit 1.89 -- -- 10:23:36 04/11/17


Filled Buy 2000 NADL Limit 1.8398 -- -- 10:25:48 04/11/17


Filled Buy 2100 NADL Limit 1.8698 -- -- 10:48:57 04/11/17


Filled Buy 900 NADL Limit 1.8698 -- -- 10:48:57 04/11/17

[Oger]

$3 by end of day

[Tdash]

I sold to early I see. lol was too impatient

[jr525]

Can this go to 5 bucks by end of month u think??

[cjstocksup]

Absolutely huge NADL news.

[Oger]

$1.4 Billion contract folks.
Jump in this one.
Float is only 6.97 million shares which has already
Traded today!

[Oger]

$2.75 +

[jr525]

Any predictions for a close??

[Wildbilly]

Blind squirrel and nuts and stuff, but txs.

[TheFinalCD]

CONGRAT$$$$




Message in reply to:

NADL - Announces long-term contract awards for the West Elara and the West Linus with ConocoPhillips

https://finance.yahoo.com/news/nadl-announces-long-term-contract-054101283.html

[parrot head]

Wow. http://splash247.com/north-atlantic-drilling-awarded-10-year-jackup-contracts/

[Wildbilly]

NADL - Announces long-term contract awards for the West Elara and the West Linus with ConocoPhillips

https://finance.yahoo.com/news/nadl-announces-long-term-contract-054101283.html

[TheBigWhale]

NADL - Amendments to Secured Credit Facilities

Source: GlobeNewswire
Hamilton, Bermuda, April 4, 2017 - North Atlantic Drilling Limited ("NADL or the Company") a majority owned subsidiary of Seadrill Limited, announces today that Seadrill Limited, on behalf of NADL and other relevant companies, and its banking group have agreed to extend a series of key dates as part of Seadrill Limited's ongoing restructuring efforts.

Seadrill Limited has reached an agreement to extend the milestone to implement a restructuring plan from 30 April to 31 July 2017 and also to extend the related covenant amendments and waivers expiring on 30 June 2017 to 30 September 2017. Finally, the Company has also received lender consent to extend the US$2.0 billion NADL credit facility maturing on 30 June 2017 until 14 September 2017.

These amendments are part of a broader package of measures Seadrill Limited, our major shareholder, is undertaking to refinance and recapitalize the business. While no definitive terms have been reached, based on feedback from Seadrill Limited, as well as the Company's existing leverage, we currently believe that a comprehensive restructuring plan will require a substantial impairment or conversion of our bonds, as well as impairment, losses or substantial dilution for other stakeholders. As a result, the Company currently expects that shareholders are likely to receive minimal recovery for their existing shares.

The Company expects the implementation of a comprehensive restructuring plan will likely involve schemes of arrangement or chapter 11 proceedings and is preparing accordingly. The Company's business operations remain unaffected by these restructuring efforts and the Company will continue to meet its ongoing customer and business counterparty obligations.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F (File No. 001-34667). The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: North Atlantic Drilling Ltd. via Globenewswire

Load up. Watch out for the bounce.

[Jugas]

Why is the source for all of their news Seeking Alpha?