Seadrill Ltd (SDRL)

[MisterEC]

Why cover your short with a Seadrill Bankruptcy Looming?

Summary
Seadrill is a company offering services in deep sea drilling, which has seen its business model collapse lately.
The oil prices have risen back to $54 per share Brent, but it is far below the $65 to $75 range the company needs to renew contracts.
As debt maturities pile on, investor should stay away from Seadrill shares even as shares trade near $0.50.

Conclusion
In conclusion, Seadrill's future is bleak even though oil prices have broken through to $54 per barrel. Contracts will continue expiring and the company's revenues will continue to suffer. As a result, investors should sell or stay away from Seadrill common shares even at its current depressed valuation.

Seadrill: Bankruptcy Looming