Here at SFE we’re always looking for the sneaky way to get the biggest bang for your buck. Mostly that involves swinging for the fences and this is no exception. Moonshot Monday will be a weekly series where we pick a long shot stock which we think has a great chance to rocket to the moon in the coming months. We’re not looking for consistent returns, diversified investments, or other bull that you look for in your 401k. This here be riverboat gambling, the sneakiest kind.
For the first edition of this series, we talk about sea drills
Feb 26, 2018 – Seadrill Limited (SDRL) – $0.284
What do they do?
From Yahoo Finance, “Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide.” Not the sexiest company for sure, but you have to appreciate a name that actually indicates what a company does.
What’s sneaky about this pick?
They just signed a restructuring agreement with 70% of their creditors which will officially bring them out of Chapter 11 Bankruptcy. The stock is fully backed and is ready to begin taking off and in fact has already gone up from a low last week of $0.264 per share.
What are our prospects?
5 years ago, this company was worth over $50 per share. One year ago the price was $1.65 per share. The short-run play here is to hope that the price of the stock goes back up to that $1.65 mark which would represent over a 500% increase from current levels.
The play – $100 as fast as you can get your money in. Hop on this rocket with the falcon and we’ll see you at the top!