Tuesday, August 15, 2017 2:57:21 PM
Solid Short Play
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.
Recent SDRL News
- Seadrill and Oil States Announce Strategic Collaboration to Enhance Offshore Managed Pressure Drilling (MPD) Operations • Business Wire • 09/17/2024 11:15:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/10/2024 01:08:08 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/10/2024 01:00:42 PM
- Seadrill Announces Completion of Delisting of Shares on Oslo Stock Exchange • Business Wire • 09/09/2024 11:37:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/08/2024 08:58:51 PM
- Seadrill Announces Second Quarter 2024 Results • Business Wire • 08/05/2024 09:00:00 PM
- Seadrill Announces Second Quarter 2024 Earnings Release and Conference Call • Business Wire • 07/12/2024 05:06:00 PM
- Seadrill Initiates Extension of Share Repurchase Program • Business Wire • 06/25/2024 10:16:00 PM
- Seadrill Completes Divestment of Jack-Up Rigs • Business Wire • 06/25/2024 06:14:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/17/2024 08:18:49 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/14/2024 12:30:11 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/10/2024 08:22:12 PM
- Seadrill Announces Voluntary Delisting from Oslo Stock Exchange, Following Oslo Bors Approval • Business Wire • 06/07/2024 09:38:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/03/2024 08:11:23 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/20/2024 08:13:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/16/2024 11:22:08 AM
- Seadrill Enters Agreement to Sell its Qatar Jack-Up Fleet and Expands Share Repurchase Program • Business Wire • 05/16/2024 11:13:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 09:15:09 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 08:37:58 PM
- Seadrill Announces First Quarter 2024 Results • Business Wire • 05/14/2024 08:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 08:21:01 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/10/2024 10:00:31 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 09:10:53 PM
- Seadrill Announces Two New Drillship Commitments • Business Wire • 05/07/2024 09:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/06/2024 08:18:48 PM
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