Monday, September 12, 2016 11:05:43 AM
Avoid Seadrill For Now
Summary
Seadrill watched its stock price drop by more than 95% from the start of the oil crash until its lows in February 2016. (If one bought in during the sucker rally earlier in the year, well one kicked their own butt, huh?)
Seadrill has a large young fleet which should be key for getting good contracts. However, the company is also struggling under more than $10 billion in debt.
The company's September 2017 debt maturity will likely require issuing a significant amount of equity. This equity dilution will hurt present investors.
Recent SDRL News
- Seadrill Announces First Quarter 2024 Earnings Release and Conference Call • Business Wire • 04/23/2024 08:30:00 PM
- Seadrill Limited Files its 2023 Annual Report on Form 20-F • Business Wire • 03/27/2024 10:12:00 AM
- Seadrill Announces Fourth Quarter and Full Year 2023 Results • Business Wire • 02/28/2024 10:15:00 PM
- Seadrill Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call • Business Wire • 02/05/2024 07:30:00 AM
- Seadrill Provides Commercial Updates on West Vela, West Capella, and West Auriga • Business Wire • 01/29/2024 09:20:00 PM
- Seadrill 2024 Annual General Meeting of Shareholders • Business Wire • 01/23/2024 04:18:00 PM
- Seadrill Announces Contracts for West Auriga and West Polaris in Brazil • Business Wire • 12/22/2023 04:17:00 PM
- Seadrill Limited Announces Organizational Change • Business Wire • 12/14/2023 04:47:00 PM
- Seadrill Limited Initiates New Share Buy-back Program • Business Wire • 12/14/2023 07:16:00 AM
- Seadrill Announces Third Quarter 2023 Results and Additional $250 Million Share Repurchase Authorization • Business Wire • 11/27/2023 10:26:00 PM
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- Seadrill Limited – Results of the 2023 Annual General Meeting of Shareholders • Business Wire • 11/17/2023 05:10:00 PM
- Seadrill Announces Third Quarter 2023 Earnings Release and Conference Call • Business Wire • 10/24/2023 06:12:00 PM
- Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards • Business Wire • 09/27/2023 03:19:00 PM
- Seadrill Announces Update to 2023 Annual General Meeting of Shareholders • Business Wire • 09/21/2023 09:15:00 PM
- Seadrill Limited Initiates Previously Announced Share Repurchase Program • PR Newswire (US) • 09/12/2023 07:11:00 AM
- Seadrill Limited Initiates Previously Announced Share Repurchase Program • PR Newswire (US) • 09/12/2023 07:05:00 AM
- Seadrill Limited Initiates Previously Announced Share Repurchase Program • Business Wire • 09/12/2023 06:09:00 AM
- Seadrill 2023 Annual General Meeting of Shareholders • PR Newswire (US) • 08/25/2023 10:19:00 AM
- Seadrill 2023 Annual General Meeting of Shareholders • PR Newswire (US) • 08/25/2023 10:17:00 AM
- Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization • PR Newswire (US) • 08/15/2023 06:29:00 AM
- Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization • PR Newswire (US) • 08/15/2023 06:20:00 AM
- Seadrill Limited (SDRL) Announces Closing of $500 Million Senior Secured Second Lien Notes and Concurrent Availability of New Revolving Credit Facility • PR Newswire (US) • 07/27/2023 01:44:00 PM
- Seadrill Limited (SDRL) Announces Closing of $500 Million Senior Secured Second Lien Notes and Concurrent Availability of New Revolving Credit Facility • PR Newswire (US) • 07/27/2023 01:43:00 PM
- Seadrill Limited (SDRL) Announces Pricing of Additional $75 Million 144A / Reg S Offering of 8.375% Senior Secured Second Lien Notes Due 2030 • PR Newswire (US) • 07/25/2023 05:27:00 PM
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