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MisterEC

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MisterEC

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Tuesday, 06/06/2017 3:31:12 PM

Tuesday, June 06, 2017 3:31:12 PM

Post# of 2606
Of course if your a big dog and the billionaire is your friend....


Seadrill: Revenue Declines Continue Going Forward, New Investors May Want To Avoid

Summary
Seadrill's earnings show that the company is weakening but still weathering the conditions in the industry surprisingly well.
The company's revenues showed a decline as it is forced to idle more rigs.
Seadrill continues to cut costs but the majority of operating expense declines is due to idling rigs, which also reduces revenues.
Look for Seadrill's EBITDA to decline quarter-over-quarter in the second quarter.
The company is actively reducing its liabilities, but the prospect of a Chapter 11 filing is very possible.<--Bankruptcy, dog.
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