Did You Sell SeaDrill? Time to Buy Back Your Share
Post# of 22755
[TheStreet.com]
Richard Saintvilus
July 14, 2016
Shares of offshore driller SeaDrill Limited (SDRL) have fallen from $3.47 to $3 in the past couple of weeks. The recent slide in oil prices have renewed concerns about the global glut, adding more pressure on oil companies to make money. But if you sold your SeaDrill shares last month, you can breath a sigh of relief. Now it's time to play the potential rise in the shares. Where will the stock go? Here's SeaDrill's chart, courtesy of TradingView. SDRL trades around $3.15 at present. The shares have declined 7% year to date compared with a 5.3% rise in the S&P 500 (SPX) index. SeaDrill's chart has become predictable, given that its fundamentals, including its net debt position of around $10 billion,
http://finance.yahoo.com/m/cfc1a37a-f6e7-312f...me-to.html
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