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Wednesday, August 16, 2023 7:57:37 AM
Take a look >> https://www.seadrill.com/fleet/rig-portfolio/
$SDRL making a strong comeback from bankruptcy...watch it soar on these earnings/disclosures:
https://www.seadrill.com/application/files/4816/9207/5721/Seadrill_6-K_2023_Q2.pdf
High Growth Action:
$94 million net income Q2 2023 vs $43 million net income Q1 2023
EPS Q2 2023 $1.16 vs EPS $0.81 Q1 2023
Cash $412 million
Total Assets $4 billion
Total Liabilities $958 million
Stockholders Equity $3 billion
I project EPS for the year @ $4.50 (it's $2 EPS first 2 quarters)
Slap a conservative P/E Ratio of 20 on it = $90 price per share
Currently $47.87 (10% gain = ~$52 pps, 20% gain = ~$57 pps, 30% gain = ~$62 pps)
Looks like a good bet to me, trying for 20% likely 30% if it trades the way I believe it will.
This is a day trade for me but may leave a kicker long...looks like a good long term investment. JMO
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