Seadrill Ltd (SDRL)

[srm4u]

Investors may want to be cautious before buying stock in Seadrill Limited (SDRL). Although shares are trading at rock-bottom prices as of June 2018, there is a great deal of risk for Seadrill and the drilling sector as a whole. Seadrill’s stock price is closely correlated with the price of crude oil, which has grown this year. In 2017, Seadrill filed for bankruptcy in order to shrink the debt burden. The secured agreement supported a plan to inject $1 billion in new capital as well as wiping out existing shareholders.
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