Seadrill Ltd (SDRL)

[ogbull]

This is not a sell off... it is a scare off by market manipulators. Just because Tidewater lost 9 million dollars last quarter is no reason to throw the baby out with the bathwater.

On the bright side, this red ink in oil service sector is good because it washes out all the weak shares and give long term players a chance to load up.

Notice that there is very little volume. This tiny sell off will turn around in less than 2 hours. Maybe it's a Barron's bullsh_t tactic just to give their shorts a chance to reverse.