Seadrill Partners LLC. (fka SDLPQ)

[koen2]

Hey Jugs i'm also watching this one for a few years now.

No position yet.

But if oil prices remain strong we could see a come back in the deepwater drilling segment ,and for SDLP it can come just in time.

Positives
- oil on the rise.
- great and new fleet.
- big customers who are going to need spending all that money with the high oil price.
- Build up in cash position. almost 850 million i believe.

negatives
- premature strength in oil prices ,are the big boys already in for high priced contracts?
- Still huge debt level 3.2 billion.
- competition of shale oil.

What's youre opinion, but i think there is going to be time enough to define when its time to buy.

But this one could be one of the great opportunities in the oil sector.