Replies to post #1618 on Seadrill Ltd (SDRL)

[MisterEC]

Seadrill Partners Delivers Mixed Signals, Still Too Early To Jump In

Seadrill Partners Delivers Mixed Signals, Still Too Early To Jump In

Seadrill Partners faces the same difficulties as its offshore drilling peers but has navigated them quite well.

Seadrill Partners reported year-over-year revenue declines, although both operating cash flow and net income grew impressively.

The company maintains a very strong distribution coverage ratio of 13.98x and can almost certainly maintain its distribution at the current level.

The offshore drilling industry is showing some signs of improvement, but it still remains challenging.

It remains too early for investors to jump back into the stock.

Little dogs can learn to snatch pebbles, right, grasshopper?