Time to move on from trading SDRL

Time to move on from trading SDRL

Seadrill (SDRL)  was scheduled to file for a pre-packaged bankruptcy today.  When it didn't, the shares soared. Before finishing the day up 17.46%--a 3 cents a share gain to 23 cents--the stock was up as much as 31.17% as of noon in New York. If you've been trading...
Is the short squeeze that drove up the price of some energy stocks Wednesday just about over?

Sell Seadrill into this huge move up

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Is the short squeeze that drove up the price of some energy stocks Wednesday just about over?

Transocean outright scraps four more deepwater rigs

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...

Oil: Bounce or bottom? I say “Bounce”

Does Friday mark a bottom for oil and a turn in the market? Or is it simply a bounce, triggered by short covering? I’d vote for the second alternative. In my opinion, the fundamentals haven’t turned and it still looks like we’ll have to test $40 on West Texas Intermediate—about 10% below the January lows –before we see a real bottom.