|Forum - Gurus Answer Questions
||Gurus answer your questions about the art of trading.|
|From: msgreenacres (Rep: 504) reply to dwb12456||Date: 04/11/2018 13:20|
|Forum: Gurus Answer Questions - Msg #630||Thread #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.
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