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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bocor who wrote (48253)

6/5/2012 4:56:57 AM

From: Ditchdigger

Read Replies (1) | Respond to of 78516

I joined you Bocor or I should say, I talked my Dad into joining you (my services boat is full). He picked up some SDRL @ 31.51 yesterday. Current forward yield excluding the special divy is over 10%. With the special divy--3% for the quarter.

ditch

While I wouldn't count on it, there is an outside possibility of another "special" divy next Q with this announcement from the co. Hard to say, they might just use it as working capital.
"

Seadrill reduces its stake in SapuraKencana Petroleum Bhd

Seadrill announces that it has sold 300M shares in SapuraKencana Petroleum Bhd. The proceeds from the transaction will be approximately $200M. The book value of Seadrill's total position in SapuraKencana was $111M by the end of Q1 of 2012. A material accounting gain related to Seadrills position in SapuraKencana is expected for Q2 of 2012. Following the transaction, Seadrill will remain holder of 319.5M shares in SapuraKencana, corresponding to 6.4% of the outstanding shares"