Since its value investing were talking about here I thought Id - TopicsExpress



          

Since its value investing were talking about here I thought Id bring up a company thats fallen hard since its last dividend payment a few weeks a go. Seadrill cost $48 roughly a year ago, today its $28.33. Declining oil prices, falling dayrates for offshore rigs, US government sanctions which derailed a deal with Rosneft for NADL (which is 70% owned by SDRL), coupled with a high debt burden and an expected rise in FED funds rate next year has caused a tsunami of bad news in just the space of a few weeks. Back in August it was still close to $40. Any SDRL investors here or do you consider it too risky?
Posted on: Sun, 21 Sep 2014 15:56:10 +0000

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