Replies to post #1637 on Seadrill Ltd (SDRL)

[MisterEC]

I'm On The Wrong Side Of The Seadrill Trade

I'm On The Wrong Side Of The Seadrill Trade

Summary

Higher oil, higher share price, and less dilution; that's where my long thesis rested.

But negotiations in the restructuring process are slipping, bondholders aren't going down without a fight.

Considering the recent PR from Seadrill management, it is more apparent now this may not end well for shareholders.