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Saturday, December 26, 2020 3:29:55 PM
Let it be known:
SDRLF is projected to have a 1y target price of $3.00 dollars. Crude oil is set to exceed $50 dollars per barrel in 2021 by q4. OPEC says Demand for oil & drilling is set to increase by 2 million barrels per day on top of the industry wide 25.6 million barrel a day quota for q1 of 2021 according to the EIA. EIA also forecasts that global consumption of petroleum that averaged 92.9 million b/d in 2020 will average 98.8 million b/d in 2021. Their current assets are still in the billions (so is their liabilities), but a good q1 will likely (which is likely) will push this stock back to where it should be. The P/B value of this stock indicates that is is extremely undervalued at the price of 0.31 p/share (p/b: 0.08). I am optimistic for a 2021 oil recovery, dont lose hope in this one its one of the largest drilling companies in the world. As oil prices go up drilling companies stock will go up with it. BULLISH IN OIL.
Recent SDRL News
- 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
- Seadrill Announces First Quarter 2024 Earnings Release and Conference Call • Business Wire • 04/23/2024 08:30:00 PM
- Seadrill Limited Files its 2023 Annual Report on Form 20-F • Business Wire • 03/27/2024 10:12:00 AM
- Seadrill Announces Fourth Quarter and Full Year 2023 Results • Business Wire • 02/28/2024 10:15:00 PM
- Seadrill Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call • Business Wire • 02/05/2024 07:30:00 AM
- Seadrill Provides Commercial Updates on West Vela, West Capella, and West Auriga • Business Wire • 01/29/2024 09:20:00 PM
- Seadrill 2024 Annual General Meeting of Shareholders • Business Wire • 01/23/2024 04:18:00 PM
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM