Seadrill Ltd (SDRL)

[PeanutBuddaJamm]

We'll see. This is a sentiment stock price in my eyes right now, not necessarily reflective of the financial health of the company. They're building new rigs, have a very young and capable fleet, and still have contracts - though not as much as they would like. Contracts should come back when oil rebounds. Until then, they work with what thy have. There will come a point where they begin to feel the squeeze. It'll all depend on timing then, and a little luck...IMHO. Why is it bankruptcy if it falls to $7/share in a sentiment driven situation? Maybe they'll go private, restructure, and come back stronger with a new IPO. Who really knows? I don't think they're going anywhere, but I think it's going down before it goes up. So, I'm watching from the sidelines for now. I'm not one for gambling. Otherwise, I'd short this stock.