[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | | Home]

Hey all. I'm thinking about putting a lot of money into

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 7
Thread images: 1

Hey all. I'm thinking about putting a lot of money into a company called SDRL. Right now, the price of the stock is $1.25. Not even 2 years ago, it used to be $30 and it used to have a dividend. The problem is, when the price of oil crashed, this company was left with a modern fleet of rigs that were sitting idle. Anyway, the company itself has to come to an agreement with it's creditors at the end of April, but nothing has been finalized, and April is fast approaching. Does anyone have experience with stocks that are close to bankruptcy? I feel like this company won't go under, because of the fundamentals of the price of oil, and that the banks will make more money in the long run if this company does not go out of business. I remember the stock price of volkswagon when the price was dangerously low, and then it experienced an epic short squeeze. I feel like the same thing might happen with this stock, but no one is certain at this point and it has been announced that shareholders will be wiped our or at least diluted.
>>
Can you repeat the question
>>
why don't you make a paper trade and leave it at that.

It will most likely go bankrupt. It has a lot of valuable assets that can be sold off to pay creditors.
>>
>>1838899
Read Taleb
>>
The oil price will not come back up until all these companies are gone. It's the Saudi plan.
>>
Isn't SeaDrill state owned?
>>
It's going bust, drowning in debts.

If John Fredriksen bails it out with his personal money, today's shares will get diluted to nothingness.
Thread posts: 7
Thread images: 1


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]
Please support this website by donating Bitcoins to 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
If a post contains copyrighted or illegal content, please click on that post's [Report] button and fill out a post removal request
All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site. This means that 4Archive shows an archive of their content. If you need information for a Poster - contact them.