Will this stock rise $30+?

Discussion in 'Ask any question!' started by User2897, Nov 20, 2016.

  1. User2897

    User2897 Member

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    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!
     
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    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/

    upload_2016-11-20_16-6-1.png
     

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