Fri 12/14/2018 03:42 ET
DJIA24597.3871.330.29%TELCO164.420.840.51%GOLD1241.805.590.45%Shanghai2619.0714.930.57%
S&P 5002650.540.530.02%BANKS399.294.911.23%OIL52.340.240.46%BITCOIN3313.868.620.26%
NASDAQ7070.3327.570.39%PHARM592.373.490.59%US/EU1.130.000.00%Futures2622.1223.340.89%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  
From: msgreenacres (Rep: 504) reply to dwb12456Date: 04/11/2018 13:20
Forum: Gurus Answer Questions - Msg #630Thread #673997198 (Rec: 0)
Yes, you would be a common holder, and if they go belly up, you will be SOL. Pecking order of bankruptcy is Preferred then common, but often they both walk with "zip". Better things to buy. If they emerge, you will have time to get in.

Re: Looking to purchase Seadrill shares SDRL soon around area of 4-2018



These are my opinions.  Please do your own DD  :) Happy Trading



Reply to dwb12456 - Msg #626 - 03/13/2018 14:05

Looking to purchase Seadrill shares SDRL soon around area of 4-2018
Question: I know seadrill is under chapter 11 and trading today at .26 /- SDRL also has a subsidiary company known as seadrill Partners SDLP , trading at 3.17 today. To buy the main company stock would it be the SDRL at .26 , read a lot about there position and concerned about statements like current share holders will be wiped out . My concern is if I would buy now at .26 would I also be considered a current stock holder that falls into the existing bankrupty 11 case . Or should I wait until the Proposed April hearing is over in the courts . Thanks dwb

NOTE: This message was originally posted on 2018-03-13 13:44:08 by the dwb12456.

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser msgreenacres: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.