Seadrill Ltd (SDRL)

[MisterEC]

Seadrill: Solid Short Play
Solid Short Play

You go ahead and trade your odd lots after hours, then let the big boys come in and take you where they want to, by leash, during normal session.

The Dog went out for a long walk, and he is not going to come back.
It was so obvious this company was not a buy, anyone with half a brain could figure that out. Do dogs have brains?

Summary

Seadrill has had a difficult time recently and the company's market cap has dropped to less than $0.2 billion, or just under 2% of the company's $10 billion debt load.

The company's earnings have been dropping precariously and that drop doesn't show any signs of slowing down. At this rate, Seadrill will not be making enough to pay interest.

The oil market is on its path to recovery, however, that recovery is likely at least a few years away. I find it unlikely that Seadrill will recover in time.