Replies to post #514 on Seadrill Partners LLC. (fka SDLPQ)

[pete807]

OPTIMISM... This article says its an optimistic tide that lifted boats, but the counter point from analysts is included. Monday may be the rotation out of this with a nice 101.35% gain for 2016.

Offshore service stocks jumped on Friday without any news to drive the rally, with RigNet joining the likes of Seadrill Partners (NYSE:SDLP) and others in a double-digit rally. It is a bit of a head-scratcher given that oil only rose 1.3% to roughly $51.50 per barrel, which is quite tame for crude these days -- and still left it half a percentage point in the red for the week. If anything, today's offshore-focused rally seems to be fueled by the optimism that market conditions will improve in 2017 as a result of OPEC's deal to cut its production.

That said, analysts have a different view, with FBR recently saying that the "cycle will not turn until late 2017" at the earliest.

link:
http://www.fool.com/investing/2016/12/09/rignet-incs-stock-caught-fire-on-friday.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2