Replies to post #2605 on Seadrill Ltd (SDRL)

[Helter Skelter]

I believe they have 26 rigs now.



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