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Re: bigdog121 post# 1317

Sunday, 03/05/2017 1:09:35 PM

Sunday, March 05, 2017 1:09:35 PM

Post# of 2606
Grasshopper, try to snatch the pebble from my hand.
When I am no longer on this earth, then SDRL may return,
and you will have the pebble as a reminder.
Time To Pull The Plug On Seadrill?

Summary

Seadrill's Q4 revenue and EBITDA fell sequentially by double digits.

The company intimated it might no longer be a going concern if it cannot restructure its debt.

With cash of $1.6B and near term principal payments of $1.2B, the end could be [IS] near.

Debt/EBITDA increased from 5.9x in Q3 to 7.1x in Q4.

It could be time to pull the plug on SDRL.

The only hope now is if there is another SUCKER rally. Drilling for oil, in the seas, is DEAD for a very long time.
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