Replies to post #1317 on Seadrill Ltd (SDRL)

[MisterEC]

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.

[MisterEC]

LMAO :) This is a lesson, for you kid, on short covering rallies with SDRL.
Seadrill Limited Ord (SDRL)
4.83 -1.23 (-20.30%)
Volume: 31,647,037 <------notice real volume.

[MisterEC]

0.35 away from the place where it all began. What do you think now, big dog? You see how a ball bounces? When you realize what is real and what is fantasy, you have grown.

[MisterEC]

Ah, 3.25, -9.22%. Right back where we were before the youngin's became, enlightened. :)

[MisterEC]

Recall the spike up on March 4th to 7.49?
The short covering rally?

Seadrill Limited Ord (SDRL)
3.945 -0.255 (-6.07%)
Volume: 17,004,572 @ 3:53:17 PM ET

[MisterEC]

Statoil cancels Seadrill rig contract
Buy it under a buck

Seadrill (NYSE:SDRL) -3.7% premarket on news that Statoil (NYSE:STO) cancelled its contract for SDRL's semi-submersible West Hercules because of the deferred start-up of a development off Norway.

The rig had been operating offshore Newfoundland in Canada for the past 18 months, and was to relocate to the Aasta Hansteen field in the Norwegian Sea, but STO is postponing the field start-up by a year until H2 2018.

The contract for West Hercules was originally due to expire on Jan. 31, 2017.

Just last week, Exxon Mobil terminated its contract for SDRL's West Capella drillship.

Now read Another termination for Seadrill and the semisubmersible West Hercules

[MisterEC]

Another Termination For Seadrill And The Semisubmersible West Hercules In Canada
When the time is right, the smart money will be buying

Summary


•SDRL has received a notice of termination for convenience from the current operator related to the contract for the West Hercules. It was no surprise here.

•SDRL the Company will receive a lump sum payment of approximately $61 million, plus day rate and reimbursement of costs associated with demobilization of the rig.

•This new termination is another reminder that the offshore drilling industry is still struggling with a full bear cycle despite a recent increase in oil price.

[MisterEC]

How's this:

youngin's will like it.



Seadrill (NYSE:SDRL) +5% premarket after its Q1 earnings report included plans to cut costs by $340M this year, with $305M considered sustainable savings and $35M deferred spending; SDRL previously had said it planned to cut costs by $260M.

SDRL, whose Q1 revenues tumbled 28% Y/Y to $891M from $1.2B in the year-ago period, partly because of lower dayrates paid for some of its drilling rigs, says it had "record operational uptime" with 96% economic utilization.

SDRL CEO Per Wullf thinks the rig market will rebalance eventually: "Within the next few years, we believe the continued scrapping of older rigs in combination with required exploration and development drilling will bring the market back to balance and subsequent improved day rates."

Now read Seadrill: No upside, sorry


Now read: Seadrill: Ready To Crash And Burn »

[MisterEC]

Offshore drilling company Seadrill Ltd. (NYSE:SDRL) does all it can to manage the sector downturn
Take advantage, like the big boys


Summary


•Seadrill reported Q1-16 results yesterday.

•The offshore drilling company missed on revenues and earnings.

•Seadrill continues to rely on cost cuts to manage the downturn.

•Wild price swings need to be expected moving forward.

[MisterEC]

What a short covering, rally?
who could of guessed that?

Seadrill was the benefactor of a gigantic short squeeze and speculative buying in March when news spread that billionaire shareholder and shipping tycoon Fredriksen was preparing a lifeline for the struggling offshore company. Seadrill further surged on recovering oil prices before collapsing on profit taking.

so recognized

[MisterEC]

It must be LOADING zone now?

Seadrill Limited Ord (SDRL)
3.3901 -0.3599 (-9.60%)
Volume: 12,587,362 @ 2:39:02 PM ET

the Bone rally
Who could of guessed to get out on the short covering rally?

Management takes the debt, due to their incompetence and unloads it on the owners.

[MisterEC]

Time for those who bought high to average down?
SeaDrill: A Recovery Might Be Around The Corner

Under 3 is here now, 2 should be near. There is something intriguing about under $1 though. Just like spending your allowance

[MisterEC]

Seadrill Could Survive Until Q1 2018, But Almost Certainly Will Face Bankruptcy

Seadrill Could Survive Until Q1 2018, But Almost Certainly Will Face Bankruptcy

Seadrill (NYSE:SDRL) offers services in deep sea drilling. The company is one of the strongest in the industry, but the entire industry is suffering from the recent crude oil downturn. As a matter of fact, the industry in general needs >$70 crude for its services to be in demand from oil producers. Here is a short summary of the company's information:

•Cash on hand: ~$1.04 billion
•Total debt: ~10.7 billion
•Total debt due in 18 month: 4.4 billion
•Current interest expense: ~280 million/quarter
•Projected upcoming net operating income: ($150 million) to $50 million per quarter
•Contracts' average length: 16 months

[MisterEC]

Seadrill Limited Ord (SDRL)
3.0036 -0.0464 (-1.52%)
Volume: 5,675,503 @ 1:37:45 PM ET

Bawahahaha hate to have bought here

When Saudia Arabia runs out of oil, the price will rise.

[MisterEC]

Oh look, 2.87. Is it time to buy now or was it time to sell then, like I said?

[MisterEC]

2.57 and a graph for consideration
Seadrill Limited Ord (SDRL)
2.57 -0.06 (-2.28%)
Volume: 2,766,169 @ 2:36:40 PM ET
Bid Ask Day's Range
- - 2.57 - 2.64
Did you go long?

[MisterEC]

Conclusion

Therefore, in my view, Seadrill isn't a safe investment in the near term. Its revenue and EBITDA are expected to decline significantly this year. Moreover, the company is highly leveraged as discussed above, while its contract backlog is also declining, reflecting a weak revenue outlook. Hence, until and unless an end-market recovery take place, investors should be wary of buying Seadrill shares.

Is There No Hope For Seadrill?

If you bought on the sucker rally, and you are sure you know it ALL, what can I say?

[MisterEC]

Is A Seadrill Bankruptcy Imminent?

Is A Seadrill Bankruptcy Imminent?


"I've seen Seadrill's (NYSE:SDRL) chart a thousand times. At an initial glance, the word "sell" comes to mind."

if the price is being propped up till oil comes back that's a good play.

[MisterEC]

Seadrill - Restructuring Deal Announcement Now Expected In Early December
Seadrill - Restructuring Deal Announcement Now Expected In Early December

Summary

Providing different scenarios for John Fredriksen's potential course of action.

Substantial dilution for existing shareholders basically a given.

Bankruptcy proceedings might be needed to overcome dissenting bondholders.

Expect North Atlantic Drilling to be folded back into Seadrill.

Investors should remain on the sidelines until Seadrill has made its plans public.

Fredriksen will save us, he is a Billionaire

[MisterEC]

Did SDRL break-out?
Did SDRL break-out?

Volume is not compelling, however!

I missed the buy opportunity back when advised, to, at 7'ish.

I am thinking it may be time now, at 2.10.

[MisterEC]

But the sucker rally, and the loan from JF, the billionaire?
Seadrill: Don't Expect A Turnaround

More negatives to consider

Due to the weakness in the offshore drilling market, Seadrill is witnessing a consistent decline in its backlog. For instance, last quarter, the company's backlog fell by $600 million

Conclusion

Seadrill's bad times are not over yet. The company's bottom line will continue to get weaker as its backlog diminishes, while the possibility of a turnaround in the offshore drilling industry is remote. As such, investors should continue to avoid Seadrill despite better-than-expected results last quarter as it is set to face more weakness going forward.

[MisterEC]

Seadrill Restructuring: What To Expect

Current shareholders are likely to face substantial dilution.

Heavily indebted Seadrill (NYSE:SDRL) has $3.2 billion of debt due in 2017.

The Company will have success with its lenders and key financial stakeholders; bankruptcy will not be contemplated

But don't you worry, cause JF will do us right, in the end. We will have a Happy New Year.

over at the FOOL, they think maybe...the sucker rallies were real

Bawahahaha

[MisterEC]

Seadrill: Expect Massive Downside In 2017

But, JF is a billionaire, he will bail us out

Summary

SDRL’s receding backlog and lower dayrates will lead to a strong erosion in both its revenue and earnings next year, leading to strong downside in the stock price.

The biggest headwind that SDRL faces is a decline in capital spending in the oil and gas industry, especially offshore drilling, which is leading to an oversupply and hurting dayrates.

Considering the expected decline in SDRL’s revenue next year, the stock could slide as much as 30% considering its price to sales ratio.

Since SDRL’s bottom line is expected to take a more severe hit, its stock will go down by around 80% given its average P/E ratio, giving investors a shorting opportunity.

[MisterEC]

Many investors are equating a restructuring as good news for SDRL stock. While an initial bump is possible, my belief is SDRL investors will have an unhappy surprise, much as those foolish enough to believe Paragon stock would deliver value were greeted with a 73% drop on Thursday.

Grasshopper

Seadrill Limited Ord (SDRL)
3.07 -0.04 (-1.29%)
Volume: 10,210,549 @ 5:13:55 PM ET

[MisterEC]

difficult times lie ahead for Seadrill and it will be wise for investors to not expect a turnaround in the stock.

Seadrill: Increasing Short Float Presents A Red Flag

Who could of figured this out? Back during the sucker rally of March 2016.

[MisterEC]

Hey, grasshopper, you buying?

Seadrill Restructuring To Leave Shareholders With Penny Stock

SDRL is actively engaged in restructuring conversations with its secured debtholders and bondholders.

Between $700 million and $1.3 billion in new liquidity is contemplated.

Pot-restructuring, existing shareholders will likely be severely diluted.

[MisterEC]

Seadrill Bondholders Don't Expect A Full Recovery
Seadrill Bondholders Don't Expect A Full Recovery

"While some traders may wish to speculate in SDRL stock, I strongly suggest investors exit their positions.
If Bondholders are not expecting to get paid in full, how can equity expect to be paid anything?"

Who would of thunk that a billionaire, JF, would hold his common buddies out to dry?

Seadrill Limited Ord (SDRL)
1.67 -0.05 (-2.91%)
Volume: 17,278,404 @ 3:08:43 PM ET

[MisterEC]

But, bawahaha, the billionaire will save us! Now had I bought back when this was $7.50, I would be very upset.
Seadrill: Be Cautious Despite Higher Oil Prices

Here is a short summary of the company's information:

Cash on hand: $1.25 billion
Total debt: 10.3 billion
Total debt due in 12 month: 3.1 billion
Current interest expense: ~280 million/quarter
Projected upcoming net operating income: ($150 million) to $50 million per quarter
Contracts' average length: 16 months

The current common is going away. Who could of guessed it?


SDRL:
1.98 -0.08 (-3.88%)
Volume: 8,527,981

[MisterEC]

Seadrill Suffers Severe Setback In Restructuring Discussions - Chapter 11 Straight Ahead
Ruff, ruff

Investors should continue to avoid the shares.

Did he say continue, as in only a dog bone would be a buyer?

Oh,no! $1.74 -0.30

[MisterEC]

The markets biggest rally in a long time!
SDRL is down. Why?
Because BK is coming. If I had gone long in the sucker, short covering rallies, I would be hurting.
I learned to snatch the pebble from the Masters hand a long time ago.
Seadrill - Another Step Towards Bankruptcy

Summary

The company reported declining revenue and operating income in the 4Q2016 earnings release on Feb. 28.

Management provided an update on the restructuring negotiations with creditors, stating the company may be forced to file Chapter 11 bankruptcy should they fail to reach an agreement.

Any new agreement with creditors will involve additional amendments to the currently proposal and a conversion of debt to equity (current common will be wiped out).

[MisterEC]

Well, well
Seadrill Limited Ord (SDRL)
1.25 -0.42 (-25.15%)
Volume: 40,088,335 @ 4:23:51 PM ET

Oh really Mr Smarty pants a Billionier invest 510 million and he's gonna let it plummet back down to 2 sure ya okay.

[MisterEC]

Grasshopper, try to snatch the pebble from my hand.
When I am no longer on this earth, then SDRL may return,
and you will have the pebble as a reminder.
Time To Pull The Plug On Seadrill?

Summary

Seadrill's Q4 revenue and EBITDA fell sequentially by double digits.

The company intimated it might no longer be a going concern if it cannot restructure its debt.

With cash of $1.6B and near term principal payments of $1.2B, the end could be [IS] near.

Debt/EBITDA increased from 5.9x in Q3 to 7.1x in Q4.

It could be time to pull the plug on SDRL.

The only hope now is if there is another SUCKER rally. Drilling for oil, in the seas, is DEAD for a very long time.

[MisterEC]

To all grasshoppers,

Seadrill Limited Ord (SDRL)
1.07 -0.19 (-15.08%)
Volume: 21,995,729 @ 2:01:39 PM ET

The Billionaire will save us!

[MisterEC]

SDRL on sale!
Only $1.08. Down 35% in a single day.
Are you buying now? Did the billionaire convince you it was safe?
Maybe, time to snatch the pebble from my hand, Grasshopper.

[MisterEC]

Under a buck, dog. Are you still buying?

https://seekingalpha.com/article/4060081-seadrill-lights#alt1

Summary

Seadrill may enter bankruptcy at the end of the month, causing current shareholders to lose most if not all of their position's value.

Investors speculating on the company not defaulting on its obligations may be narrow-sighted.

John Fredriksen (is on your side, he is a billionaire) has recently stated that he does not know how restructuring negotiations will play out with creditors, despite his commitment.

[MisterEC]

Grasshopper, what you think? Up .02, time to back up the truck?

Seadrill Limited Ord (SDRL)
0.6898 + 0.0221 (3.31%)
Volume: 5,410,654

Load it up, or toss the dead dogs into the street?

[MisterEC]

Grasshopper, 0.60 and not overbought. Is this THE sale of the century, or what?
When you can snatch the pebble from my hand, it will be time for you to venture out on your own.

[MisterEC]

Hey, Dog, the Billionaire kind of let you down, huh? At .522 down 12%, are you advising a buy now?

[MisterEC]

Hey, Dog.
I just checking in with you to see what you think of Fridays price action.

0.3414 up 0.0038 (1.13%)Volume: 5,848,988.

Of course oil was up 3%.

How many shares have you accumulated since this epic post:

Oh really Mr Smarty pants a Billionier invest 510 million and he's gonna let it plummet back down to 2 sure ya okay.

If SDRL moves to the pink sheets, do you feel the Billionaire will be dogging it? What will the symbol be? SDogRL maybe?

[MisterEC]

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.

[MisterEC]

Grasshopper, what do you think, now? Time for a VISA cash advance and load up the truck?

Oh really Mr Smarty pants a Billionier invest 510 million and he's gonna let it plummet back down to 2 sure ya okay.

Seadrill Limited Ord (SDRL)
0.3362 ? -0.0205 (-5.75%)
Volume: 3,621,478

[MisterEC]

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

[MisterEC]

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

Seadrill Limited Ord (SDRL)
0.2907 -0.0293 (-9.16%)
Volume: 5,189,041 @ 3:03:41 PM EDT

The little beach whiner puppy must be on vacation, or changed names? Back on 3/5/16 @ 5.97 this was an excellent short. It is possibly a good crap shoot when it gets under 0.05.

[MisterEC]

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

[MisterEC]

Seadrill: Price Target 5 Cents, 85% Downside
Seadrill: Price Target 5 Cents, 85% Downside

Summary

Seadrill's restructuring plan leaves a 1.9% stake for current shareholders in the best-case scenario.

Unfortunately for common equity, even this scenario implies a huge downside from current level.

Calculations based on recent transactions indicate a 85% downside.



Doesn't JF care about us, Bawahaha!




Seadrill Limited Ord (SDRL)
0.3255 -0.0245 (-7.00%)
Volume: 3,073,692 @ 10:10:04 AM EDT

[MisterEC]

Puppy dog, A Critical Hearing For Seadrill Shareholders Set For November 1

Summary

Hearing on appointment for an official equity committee is set for November 1.

The U.S. Trustee already denied an appointment of an official equity committee.

An official equity committee might be needed to defend shareholders' 2% new equity under the plan.

Only 2 indications of interest submitted so far under market test.

The liquidation value is only $500 million available to pay the $10.5 billion in unsecured claims.

Bawahahahaha....you bought this at $7?

Seadrill Limited Ord (SDRL)
0.299 + 0.0041 (1.39%)
Volume: 1,251,321 @ 12:35:25 PM EDT

Big move today :)

[MisterEC]

1.70! Is it value town now, or what?

[MisterEC]

This stoppid dog rolled over on his back side and peed all over himself believing in this POS. Who is loading, besides the CEO?

Sorry so old and wise man, you are correct u have it all figured out. It's the same as the sliver deal in the 70's gimme a freakin break aren't we jumping to some major conclusions. I got some great conspiracy theories you can help chase down Mister Ventura, like maybe you can help us find out if the moon is really real??? Whatever the case is, if the price is being propped up till oil comes back that's a good play. I don't believe oil will stay at these levels it never does with so much that effects the price such as OPEC, tensions in the Middle East etc…stick to the movies buddy, maybe hit the DVD player grab some pop corn and go get Geeked out on Enemy of the State!