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MisterEC

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Re: bigdog121 post# 1317

Wednesday, 07/06/2016 2:39:37 PM

Wednesday, July 06, 2016 2:39:37 PM

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Seadrill Could Survive Until Q1 2018, But Almost Certainly Will Face Bankruptcy

Seadrill Could Survive Until Q1 2018, But Almost Certainly Will Face Bankruptcy

Seadrill (NYSE:SDRL) offers services in deep sea drilling. The company is one of the strongest in the industry, but the entire industry is suffering from the recent crude oil downturn. As a matter of fact, the industry in general needs >$70 crude for its services to be in demand from oil producers. Here is a short summary of the company's information:

•Cash on hand: ~$1.04 billion
•Total debt: ~10.7 billion
•Total debt due in 18 month: 4.4 billion
•Current interest expense: ~280 million/quarter
•Projected upcoming net operating income: ($150 million) to $50 million per quarter
•Contracts' average length: 16 months
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