Wednesday, July 06, 2016 2:39:37 PM
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
Recent SDRL News
- Seadrill and Oil States Announce Strategic Collaboration to Enhance Offshore Managed Pressure Drilling (MPD) Operations • Business Wire • 09/17/2024 11:15:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/10/2024 01:08:08 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/10/2024 01:00:42 PM
- Seadrill Announces Completion of Delisting of Shares on Oslo Stock Exchange • Business Wire • 09/09/2024 11:37:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/08/2024 08:58:51 PM
- Seadrill Announces Second Quarter 2024 Results • Business Wire • 08/05/2024 09:00:00 PM
- Seadrill Announces Second Quarter 2024 Earnings Release and Conference Call • Business Wire • 07/12/2024 05:06:00 PM
- Seadrill Initiates Extension of Share Repurchase Program • Business Wire • 06/25/2024 10:16:00 PM
- Seadrill Completes Divestment of Jack-Up Rigs • Business Wire • 06/25/2024 06:14:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/17/2024 08:18:49 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/14/2024 12:30:11 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/10/2024 08:22:12 PM
- Seadrill Announces Voluntary Delisting from Oslo Stock Exchange, Following Oslo Bors Approval • Business Wire • 06/07/2024 09:38:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/03/2024 08:11:23 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/20/2024 08:13:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/16/2024 11:22:08 AM
- Seadrill Enters Agreement to Sell its Qatar Jack-Up Fleet and Expands Share Repurchase Program • Business Wire • 05/16/2024 11:13:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 09:15:09 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 08:37:58 PM
- Seadrill Announces First Quarter 2024 Results • Business Wire • 05/14/2024 08:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 08:21:01 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/10/2024 10:00:31 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 09:10:53 PM
- Seadrill Announces Two New Drillship Commitments • Business Wire • 05/07/2024 09:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/06/2024 08:18:48 PM
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