11-29-2014, 11:19 AM
In my opinion, SDRL is going lower. Far too much debt($14 billion with only ~$2 Billion in cash flows) and cap ex isn't even covered by EXISTING cash flow, which is sure to drop in the coming quarters. If you want exposure to oil drillers, HP is a far more conservative pick. So as said above, I would sell and move into something else. I have made far too many mistakes holding onto losers because I didn't want to "sell the bottom".