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One day you think that you are a genius, with your bargain buy up 50%, spread HUGE. The next day it quotes a Big 0.
Seadrill Shareholders Could Get Nothing
It is just enough to have a Big Dog roll-over.
Seadrill Shareholders Could Get Nothing
Summary
Seadrill shareholders are getting 2% of the new stock prior to dilution.
If the general unsecured creditor class votes to reject the plan, shareholders get nothing.
U.S. retail note holders are effectively getting less recovery than certain institutional holders of the notes.
Confirmation heating is set for March 26.
There is a very real possibility that current shareholders of Seadrill Limited (SDRL) will get no recovery instead of 2% of the new stock, subject to dilution, under a reorganization plan (docket 19). If the general unsecured claim class does not vote to approve the plan, SDRL shareholders will get nothing.
But, but he is a Billionaire.....
Short squeeze sends it up, and the next day, it could be 0.
Seadrill Limited Ord (SDRL)
0.275 + 0.0463 (20.24%)
Volume: 38,452,334
https://seekingalpha.com/article/4106415-seadrill-bankrupt
Summary
Seadrill files for bankruptcy.
Surprisingly, the prearranged plan includes leaving a 2% stake for common equity.
However, the majority of bondholders oppose the plan.
Expect a lengthy battle. Fate of common equity is still uncertain.
Finally, this day has come. Seadrill (SDRL) filed for Chapter 11. I assume the majority of readers have already read the details of the plan, but just in case you did not: 1) Shareholders get 2% of post-restructuring equity 2) unsecured bonds are converted into 15% of post-restructuring equity 3) banks defer maturities by five years with no amortization payments until 2020 and significant covenant relief 4) new capital comprised of $860 million of secured notes and $200 million of equity is delivered to the company. The plan received support from more than 97% of secured bank lenders and approximately 40% of bondholders.
This is a surprise as shareholders get a 2% stake. However, the plan will still have to be approved, which will be quite a hassle given the fact that only 40% of bondholders support this plan. In essence, the news is the following: shareholders MAY get up to a 2% stake in post-restructuring equity if the plan is approved by the court.
Bondholders get the money, hello! You know the one who is already a Billionaire, and would never let the commons lose.
Short covering is the only reason SDRL would rise. Whoever hung on for the last 23 cents was a greedy dog. Still SDRL is a cherry bomb with the fuse lit.....
How much did you lose?
"This is a surprise as shareholders get a 2% stake. However, the plan will still have to be approved, which will be quite a hassle given the fact that only 40% of bondholders support this plan. In essence, the news is the following: shareholders MAY get up to a 2% stake in post-restructuring equity if the plan is approved by the court."
Seadrill Is Bankrupt
Looks pretty close to 0, so your right.
Seadrill Is Bankrupt
Summary
Seadrill files for bankruptcy.
Surprisingly, the prearranged plan includes leaving a 2% stake for common equity.
However, the majority of bondholders oppose the plan.
Expect a lengthy battle. Fate of common equity is still uncertain.
Ok all you bargain hunters and smart dogs, pay attention:
Seadrill files for bankruptcy
As it had signaled last month, Seadrill (SDRL +17.6%) has filed for bankruptcy in Texas.
Looks like the smart money, the one's called Hedge Funds, with the high speed computers, had a couple minutes to steal the 'knowledgeable' odd lots money for a short while, huh?
Like 4 minutes, in the off session, when they were buying, the STEAL of lifetime.
SMH
IF you did it right, you doubled your money in one day, huh?
What price did you get to hold on to?
Seadrill Limited Ord (SDRL)
0.1899 -0.0059 (-3.01%)
Volume: 1,816,747 @ 10:17:50 AM EDT ET
Seadrill Is Most Likely Filing For Bankruptcy In The U.S. And Not Bermuda - Why?
Seadrill Is Most Likely Filing For Bankruptcy In The U.S. And Not Bermuda - Why?
Summary
Seadrill is expected to file for Ch.11 in Delaware on or before September 12 because U.S. bankruptcy laws are “management friendly”.
Seadrill does not want Bermuda to be the primary bankruptcy jurisdiction, because an independent liquidator could be appointed to liquidate the company.
Despite having shareholder equity of $18.73 per share, shareholders are expected to get little or no recovery.
There could be litigation on cross-border insolvency issues.
How much of 0 do you want, anyway? Have you paid attention and read posts? Do you do DD or are you a Big Dog who does not believe in DD?
Only 0.18 more, though . Some Dogs are just smarter than others.
I shorted it at 7, and I don't know how you buy a bankrupt security, that will not be listed.
The smart ones learn from their elders. The dead dogs get scooped up and thrown on the truck.
Seadrill slides as it prepares for Chap. 11
Once the biggest offshore rig firm by market value, Seadrill (NYSE:SDRL) plans to begin its Chapter 11 debt restructuring in the coming weeks, while revealing a $100M loss in the second quarter.
The negotiations will likely involve bankruptcy "on or before Sept. 12," as the company plans to raise $1B in new capital and obtain a five-year extension for its bank facilities.
SDRL -13% premarket
Now read: Seadrill: Don't Expect A Repeat Of Seadrill Partners' Success »
This dog is dead.
Seadrill Limited Ord (SDRL)
0.16 ? -0.1068 (-40.03%)
Volume: 11,164,267 @ 10:39:20 AM EDT ET
The Billionier took all his money and spun it into Seadrill Partners (SDLP), and left us out to die in the street.
Time to back up the truck? I got an alert for most changed stocks.
Centrus Energy Corp. (LEU)
3.555 ? -0.295 (-7.66%)
Volume: 26,445 @ 3:16:08 PM EDT ET
Seadrill Limited Ord (SDRL)
0.25 ? -0.03 (-10.71%)
Volume: 5,841,366 @ 5:00:00 PM EDT ET
Today, Seadrill Partners announced amendments to three secured credit facilities related to rigs originally purchased from troubled parent Seadrill Limited (NYSE:SDRL), which is widely expected to file for bankruptcy within the next couple of weeks.
Seadrill Partners Successfully Insulates Itself From Its Parent's Impending Bankruptcy
Did that Billionaire, take the money and run? But, grasshopper.....
Seadrill: Solid Short Play
Solid Short Play
Look how it came roaring back at the close:
Seadrill Limited Ord (SDRL)
0.3 -0.02 (-6.25%)
Volume: 6,086,284 @ 5:25:07 PM EDT ET
Nothing to fret about then, $$
Your going to own a few shares of AMZN now.
At least on the crap table you can win.
Seadrill Limited Ord (SDRL)
0.2907 -0.0293 (-9.16%)
Volume: 5,189,041 @ 3:03:41 PM EDT
It has been crystal clear, for a long time, that SDRL is not a good bet.
Yeah, play here, or at the Crap table.
Seadrill Limited Ord (SDRL)
0.2996 -0.0204 (-6.38%)
Volume: 4,008,194 @ 12:27:13 PM EDT
I thought when I sold out, this has run up so fast and for no real reason, I have to sell. Take profits when you have them. NOTHING stays up forever. I retired with the stash of cash.
DDD looks like it could be in serious trouble.
The company made some serious errors early on. They bought out the competition, rather than just compete with them.
Now HP is going to run all over them!
Sierra Wireless is building the Internet of Things
This months issueSierra Wireless is building the Internet of Things
Were you long and held on? I was so right. The warning signs were clear. Knowledge is power.
3/5/16 5.97
8/9/17 0.3387
Here it is well over one year later and we the stock is at 4.08
I sold out at 70 and made $300,000. Why did you hang on?
Grasshopper, what do you think, now? Time for a VISA cash advance and load up the truck?
Dog, what do you think? Up almost 2% Are you buying more? Remember that billionaire, he will not let you down.
Seadrill Limited Ord (SDRL)
0.352 -0.036 (-9.28%)
When will the Dog buy it?
A chart?
Seadrill Limited Ord (SDRL)
0.388 -0.131 (-25.24%)
Volume: 13,695,012
It fell 25% on heavy volume.
3-4-16 close 5.97. Today 0.40 Bawahahaha
Seadrill Steps Closer To Bankruptcy
Summary
Seadrill extends restructuring negotiation period to September 12, 2017.
The company states that even shipyards will have to take losses and reiterates its warning of "minimal recovery" for shareholders.
Expect more downside in the short term and continue to avoid shares.
Grasshopper, when you understand you do not know it all, you may be able to snatch the pebble from my hand.
Bawahahha. 0.4031 -0.1159 (-22.33%) But the Billionaire will never let the price fall
Seadrill - Some Creditors Are Finally Losing Patience
"Even at current depressed prices, the company looks heavily overvalued relative to the potential recovery levels expected by me. That said, I wouldn't advise to take a short position at this point, as traders will continue to chase the shares over the next couple of weeks on any perceived positive news. Moreover, deadlines could very well be extended even further."
Summary
According to three sources, Norway's Statoil has shortlisted Seadrill and is on the verge of awarding a contract to secure a drillship, understood to be the West Neptune.
Seadrill topped rivals Transocean and Maersk Drilling, and is now expected to sign a contract with Statoil over the next few weeks.
SDRL is extremely difficult to trade and I do not recommend any investing or trading at this present stage.
SeaDrill: Avoid Despite Potential New Contract
Without a moderator to keep the board up, how will the stock price ever advance?
I'm Jones-en. Did the price come down to say where I pass up the 64oz big gulp and buy a Jones, instead?
Hey, Dog.
I just checking in with you to see what you think of Fridays price action.