North Atlantic Drilling (NYSE:NADL)

CAPS Rating: 4 out of 5


Player Avatar bobberg2000 (26.23) Submitted: 2/4/2014 11:47:00 PM : Outperform Start Price: $8.26 NADL Score: -14.28

North Atlantic Drilling (NADL) is an initial public offering (IPO) carve out from Seadrill, Ltd.(SDRL) with an enterprise value of $4,000,000,000 and a market capitalization of $2,000,000,000. It has been trading on the Oslo Norway Stock as NADL.

In the United States as been the symbol NATDF has been traded over the counter for about two years. There is a quarterly dividend which has been $0.225 per share. I am expecting a bit more liquidity and interest in the security as it trades on the New York Stock Exchange(NYSE). SDRL will remain as the majority shareholder. This will assure stability going forward.

The IPO will complete on February 27, 2014. I swapped my shares of NATDF for NADL today. It feels good to be a solid citizen with this security which I plan to hold well into retirement. I refer to my pitch at NATDF and include them here by reference.

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