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MisterEC

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MisterEC

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Re: bigdog121 post# 1317

Monday, 03/07/2016 5:19:08 AM

Monday, March 07, 2016 5:19:08 AM

Post# of 2607
I'm seeing $4.50, pre market. investors were covering short bets on bailout speculation.

Wow, short covering, who could of guessed? When the market opens you think it will bounce? Come on, give your young knowledge.

This article came out 03:30ET, but when the REAL money trades happened in the USA.

Seadrill (NYSE:SDRL) is spiking again today, following reports that suggested investors were covering short bets on bailout speculation.

"Its short-covering within the industry - the entire rig sector is heavily shorted," said Lukas Daul, an analyst at ABG Sundal Collier.

The company's main owner, billionaire John Fredriksen, raised $510M in cash last week, fueling discussions about a bailout.

Seadrill shares +58.3% in Stockholm.
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