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Sunday, 08/28/2016 2:16:58 PM

Sunday, August 28, 2016 2:16:58 PM

Post# of 2606
...rumors that the company would get a lifeline from billionaire shareholder and shipping tycoon Fredriksen.Seadrill Ltd.: Time To Throw In The Towel?
Summary

SeaDrill's shares are down ~23 percent YTD.

SeaDrill released weak 2nd quarter results with steep Y/Y declines in revenues and EBITDA.

Significant debt load weighs on the company's shares, and remains a big concern over the short haul.

Has the time come to throw in the towel?

It wasn't always that bad: SeaDrill's shares went through the roof in March The bone head short covering rally. Did you go long :D? on a gigantic short squeeze based on a mix of stabilizing energy prices, improving crude oil sentiment, and rumors that the company would get a lifeline from billionaire shareholder and shipping tycoon Fredriksen.
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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