I have been researching the oil industry all day as well as Seadrill ltd (SDRL). In April of 2014, the stock was about $33. Oil prices fell in 2015 which made the stock go down. I want to know-Is it possible for the stock to go down even more? Is it feasible for it to go back up? Last Feb. it was $1.63 and rose to $6 in March. I am planning to buy it when it is $2. What are the risks associated with it? Thank you all!
First off @Charrima welcome to the board! Looking at a 5 year chart, it was about $48 a share in 2013. From the current price of $2.35 that is a tall order to get to 33. Below is a 1 year chart that I added two other oil companies for a comparison. Note that SDRL went down with the rise of oil unlike the other two companies that went up. There is a serious problem somewhere. News and fundamentals should give you answer why the stock fell out of grace. SDRL http://stockaholics.net/threads/sdrl-seadrill-limited.258/