SDRL -12.6% premarket--Once the biggest offshore rig firm by market, Seadrill (NYSE:SDRL) is again delaying restructuring its $14B in debt and liabilities, reiterating that Chapter 11 bankruptcy was likely.
The company's business has struggled as energy firms have slashed investment due to a more than 50% fall in the price of crude oil since 2014.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.