Thursday, 12 June 2014

SDRL - drillers continue to climb

Seadrill (SDRL) fought hard against the weaker market, and achieved strong gains of 2.8% @ $38.80. With higher oil prices and some mainstream media attention, the oil/gas driller stocks are on a renewed push higher.

SDRL, daily


Suffice to say, with oil prices on the rise, the oil/gas stocks are managing to go against the main market, and pushed strongly higher today.

I would be similarly bullish for DO and RIG.

*I have no position, but will certainly keep an eye on it across the summer.