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MisterEC

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MisterEC

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Thursday, 04/13/2017 6:00:46 PM

Thursday, April 13, 2017 6:00:46 PM

Post# of 2607
Seadrill: The Equity Is Now Really Just An Option
Seadrill: The Equity Is Now Really Just An Option
Seadrill's equity likely to trade like an option moving forward.

As long as the company is silent on the status of negotiations with its lenders, investors need to prepare for the worst: Significant dilution or bankruptcy. Seadrill has most recently announced, though, that its subsidiary North Atlantic Drilling Ltd. (NYSE:NADL) won two contracts for two of its jack-ups, which, frankly, doesn't mean much for shareholders unless the company strikes a debt deal.

The Billionaire doesn't give a rats azz about you, never has and never will.
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