sister Posted - 04/29/24

$RIG added large @ 5.84 for that 8.88 as shorts head for exits . . . You betcha. $SLB $HAL $SDRL $BKR

davooo Posted - 04/26/24

$SDRL From OilPrice; Oil prices are set to post a gain this week as a combination of inventory declines, a slowdown in U.S. manufacturing, and escalating tensions in the Middle East boost bullish sentiment. Investor sentiment and behavior, particularly from hedge funds and other money managers, significantly influenced the oil market trends. Over the past week, there was a notable shift in positions, as evidenced by movements in futures and options contracts. Fund managers increased their net long positions in Brent crude, indicating a bullish outlook on potential supply disruptions due to Middle Eastern tensions. However, the sentiment was not uniformly bullish across all petroleum markets. 🥑

davooo Posted - 04/25/24

$SDRL From OilPrice: Positive notes for the bulls coming from StanChart, as they forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May (at 103.15 mb/d), increasing further in June to 103.82 mb/d. The commodity experts have predicted global inventory draws of 1.53 mb/d in May and 1.69 mb/d in June, tightening physical spreads significantly. StanChart also says that OPEC is unlikely to increase output in the near-term thanks to the stall in the oil price rally despite having room for at least 1 mb/d of extra OPEC output in Q3 without increasing inventories. 📈

Stock_Titan Posted - 04/23/24

$SDRL Seadrill Announces First Quarter 2024 Earnings Release and Conference Call https://www.stocktitan.net/news/SDRL/seadrill-announces-first-quarter-2024-earnings-release-and-1wbiitp6wpg5.html

davooo Posted - 04/20/24

$SDRL From OilPrice: “During the quarter, we continued to benefit from our favorable exposure to the international markets, with remarkable year-on-year growth of 29% in the Middle East & Asia, in addition to growth of 18% in Europe & Africa,” Le Peuch added. Following an “exciting start to the year”, SLB expects growth momentum to continue, the executive noted. “The oil and gas industry continues to benefit from strong market fundamentals driven by a growing demand outlook. This is resulting in a significant baseload of activity, particularly in the international and offshore markets, closely aligned with the strengths of our business,” Le Peuch said. 🍨

sister Posted - 04/19/24

$SDRL pssst . . . pay attention to oversold Transocean (RIG) for moonshot back to 8.88

davooo Posted - 04/19/24

$SDRL The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an increase of 2. The total rig count fell by 2 to 619 this week, compared to 753 rigs this same time last year. The number of oil rigs rose by 5 this week. Oil rigs now stand at 511--down by 80 compared to this time last year. The number of gas rigs fell by 3 this week to 106, a loss of 53 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 2. 🐰

davooo Posted - 04/18/24

$SDRL The EIA is the most bullish on long-term oil demand, and has predicted a demand peak will come in 2050 while the OPEC Secretariat sees it coming five years earlier. Meanwhile, Standard Chartered has predicted global oil demand will hit 110.2 mb/d in 2030 and increase further to 113.5 mb/d in 2035. However, the commodity experts have not projected a demand peak beyond the end of their modeling horizon in 2035. According to StanChart, a structural long-term peak is very unlikely within 10 years 😺

davooo Posted - 04/17/24

$SDRL From OilPrice: Despite the IEA’s continued efforts to draw attention to the dire state of the energy industry and the need to make an imminent shift away from fossil fuels in favour of green alternatives, governments and private companies have continued to fund oil, gas and coal projects. Some are doing this because they view fossil fuels as necessary for energy security and others are doing it for the high revenues that oil and gas bring to the table. 🏃

smartkarma Posted - 04/16/24

$SDRL | SDRL: Tighter Outlook, PT to $80 "Our price target is now $80 from $62 to reflect our 2025 adjusted EBITDA outlook. We are basing our forecast on tighter supply expecting drill ships that remain stacked to never come back online" - Hamed Khorsand (BWS Financial Inc) Key Points: * SDRL enters the second quarter with drill ships undergoing special surveys and day rates slowly creeping higher. * The drill ship market has experienced an increase in day rates on the expectation stacked ships eventually become available. We do not believe this will ever be the case * We are leaving our 2024 earnings model unchanged and raising our 2025 adjusted EBITDA outlook to $677 million from $615 million Read more: https://www.smartkarma.com/insights/sdrl-tighter-outlook-pt-to-80

sister Posted - 04/15/24

$RIG added large @ 6.12 for that 8.88 as shorts head for exits . . . You betcha. $OII $BORR $SDRL

RiskVsReward Posted - 04/14/24

$SDRL Nice chart here.🏆

davooo Posted - 04/14/24

$SDRL Analysts like to stress the fact that high inflation kills oil demand. What they rarely mention these days is that this demand destruction is always limited—because oil is an essential commodity for any relatively industrialized economy on the planet. In other words, the interest rate cut disappointment that drove benchmarks lower earlier this week is not going to hold for very long because oil demand has repeatedly proven more resilient than many have expected—and hoped. By Irina Slav for Oilprice.comm 👍

davooo Posted - 04/13/24

$SDRL From OilPrice: The U.S. expects to hit more record highs The U.S. expects to hit more record highs for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050, which will produce a massive amount of greenhouse gas emissions. This strategy appears to be at odds with Biden’s ambitious climate pledges and could put Paris Agreement targets at risk on a global level. for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050.❤️

davooo Posted - 04/12/24

$SDRL From OilPrice: "THIS SUCKS" The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 3. U.S. drillers saw a total loss of rigs this year of 5. The total rig count fell by 3 to 617 this week, compared to 751 rigs this same time last year. ❤️

sister Posted - 04/11/24

$RIG added large again @ 6.19 for that 8.88 Snapback w/minimal resistance overhead on this Coiled Spring. $OII $SDRL $BORR $BP

sister Posted - 04/09/24

$RIG added large @ 6.43 for the rip back to 8.88 initially . . . then 13s on newly announced $195M contract w/$10.9M Lump Sum payement and Analysts upgrades. Not to mention possible dividend reinstatement. $SLB $OII $SDRL

davooo Posted - 04/08/24

$SDRL From OilPrice: Another interesting development: even the bears now recognize the energy sector’s momentum. To wit, Morgan Stanley remains pessimistic about the U.S. stock market overall; however, MS has upgraded energy stocks to overweight from neutral, noting that energy companies have lagged the performance of oil, and the sector remains favorably valued. With a PE ratio of 13.4, the U.S. energy sector is the cheapest of the 11 market sectors. However, the most important catalyst working in favor of the energy sector is robust market fundamentals. Commodity analysts at Standard Chartered have reported that fundamentals in the oil markets remain strong and can support Brent prices in the $90s. According to StanChart, there’s ample room for OPEC to increase output in Q3 without either causing inventories to rise or prices to weaken. 🚕

davooo Posted - 04/03/24

$SDRL Now focus is on the OPEC+ meeting today, where members are expected to stay the course of limited oil production until the end of June, at least. This means persistently tight supply that will likely push prices higher still, especially as neither Ukraine has any intention to stop droning Russian refineries nor Israel has any intention of changing course in what increasingly seems like a war on all anti-Israel groups in the Middle East. Even so, some analysts still expect lower prices—because of Chinese demand. “Brent oil futures should track closer to $75 to $80 a barrel in coming months given our view that China’s oil demand growth will disappoint,” Commonwealth Bank of Australia analyst Vivek Dhar told Bloomberg earlier today. This is an interesting expectation given the latest manufacturing figures out of Beijing that showed a pickup in activity—for the first time in six months. 🐭

GMAN_2025 Posted - 04/02/24

$RIG $SDRL

davooo Posted - 03/31/24

$SDRL Upstream Expansion Fuels Optimism in the Oil & Gas Sector With oil prices steadily rising, upstream operations stand to benefit greatly. Companies in this sector are preparing to capitalize on the current market conditions by increasing investments in exploration and production activities. The projected increase in upstream oil and gas spending in 2024 reflects the growing confidence about the industry's future trajectory. This increased confidence is not purely speculative but instead based on a practical assessment of the world's rising energy demand.🌱

davooo Posted - 03/28/24

$SDRL Bullish on Energy Commodity analysts at Standard Chartered have noted that energy markets kicked off the new year with an overly pessimistic view of oil demand, and sees an oil price rally unfolding in the coming months. StanChart estimates that January oil demand clocked in at 100.24 million barrels per day (mb/d), good for a 2.67 mb/d year-over-year increase and 0.25 mb/d higher than StanChart’s latest forecast. StanChart has now revised its earlier 2024 demand growth forecast to 1.69 mb/d from 1.64 mb/d previously. The analysts have also predicted a sustained period of inventory draws in H1-2024, with the cumulative draw coming in at 185 mb compared with a H1-2023 build of 230 mb. StanChart has predicted that global demand will hit a new all-time high of 103.01 mb/d in May, with June setting a new record at 103.62 mb/d while August demand is expected to be even higher at 104.31 mb/d. StanChart says tightening oil markets will continue to power the oil price rally!🥞

davooo Posted - 03/28/24

$SDRL The AI boom and Big Tech might be hogging all the media limelight right now, but the smart money is quietly piling into energy stocks. Indeed, the energy sector is the most crowded of all 11 U.S. market sectors, with the sector’s favorite benchmark, Energy Select Sector SPDR Fund (NYSEARCA:XLE) up 10.7% in the year-to-date compared to a 7.9% return by the Technology Select Sector SPDR Fund (NYSEARCA:XLK) and 9.4% gain by the S&P 500. But not everybody is bothered by the energy sector’s huge momentum. Morgan Stanley remains pessimistic about the U.S. stock market overall; however, MS has upgraded energy stocks to overweight from neutral, noting that energy companies have lagged the performance of oil, and the sector is favorably valued. “Taking the Fed’s recent messaging into account and assuming it is less concerned about inflation or looser financial conditions, commodity-oriented cyclicals and energy in particular could be due for a catch-up," they have said. 🍞

Stock_Titan Posted - 03/27/24

$SDRL Seadrill Limited Files its 2023 Annual Report on Form 20-F https://www.stocktitan.net/news/SDRL/seadrill-limited-files-its-2023-annual-report-on-form-20-1guwhuv2gy4l.html

G101SPM Posted - 03/08/24

$SDRL $46.72 bid. SELL/TAKE PROFIT on marginal SPM tag. DAC $45.64 (12.22.23)

Remdog420 Posted - 03/05/24

@Wranglerwren $VAL $SDRL

davooo Posted - 03/04/24

$SDRL , SDPI and NINE LONDON, March 4 (Reuters) - Investors have become less bearish about the outlook for oil and gas prices as U.S. shale producers scale back drilling while Saudi Arabia and its OPEC+ allies extend their own output cuts for a further three months. Hedge funds and other money managers purchased the equivalent of 10 million barrels in the six most important petroleum futures and options contracts over the seven days ending Feb. 27. Persistent short-covering has helped lift front-month WTI prices by more than $10 per barrel (15%) since mid-December. Some of the gap, where fund managers were relatively sanguine about the outlook for Brent but extremely bearish towards WTI, has now closed. 🚗

davooo Posted - 03/03/24

$SDRL Crude oil could break out of recent range - BofA Crude oil could break out of recent range - BofA  | Author Peter Nurse Published Mar 01, 2024 08:53AM ET View all comments (3)  Investing.com - Crude oil prices have risen Friday, but remain trapped in a tight trading range as price volatility has fallen to pre-Covid lows. Technical analysis suggests an upside breakout is a possibility, according to Bank of America Securities. Goldman Sachs, in a recent note, said it expects the $70-$90 a barrel range to continue for the foreseeable future, citing a modest geopolitical risk premium, the OPEC put limiting downside risk, and robust non-OPEC supply growth keeping pace with solid global demand growth. However, BofA Securities noted that the commodity is approaching three-month highs and a range breakout is a possibility 👟

davooo Posted - 03/03/24

$SDRL US oil, gas rig count gains 5 to 669 as Q4 earnings hint at upstream capex rise Permian gains 5 rigs for total 317 S&P Global sees rig count gains in 2024 The US oil, gas rig count gained five to 669 for the week ended Feb. 21, S&P Global Commodity Insights data showed, as fourth-quarter upstream earnings season essentially came to a close with indications of slightly higher capex in 2024 and also of moderating production growth. The week-on-week activity increases also may a harbinger of more rig additions in US fields over 2024 to keep oil output growth momentum churning, as domestic production – which currently hovers around a record 13.3 million b/d –continues.🚗

smartkarma Posted - 2 months ago

$SDRL | SDRL: Navigating Thru Maintenance "SDRL has several vessels undergoing maintenance this year before their next contracts eroding the possibility of adjusted EBITDA growth. We do not believe this is much surprise" - Hamed Khorsand (BWS Financial Inc) Key Points: * SDRL ended 2023 with in line results as the Company readies for a year filled with maintenance. The commentary surrounding market conditions has not changed greatly since third quarter results. * There is still a lack of new supply but being able to match available supply to operators’ demand calendar has become challenging * SDRL reported fourth quarter 2023 revenue of $408 million and operating income of $52 million, which were both in line with our estimate. Read more: https://www.smartkarma.com/insights/sdrl-navigating-thru-maintenance