Societe Generale upgrades Seadrill to "buy" Posted on: Thu, 11 Nov 2010 11:19:06 EST Symbols: SCGLY
Nov 11, 2010 (NORDIC BUSINESS REPORT via COMTEX) -- 11 November 2010 - Societe Generale has upgraded its recommendation on Oslo-listed rig operator Seadrill Ltd (OSL: SDRL) to "buy" from "hold" and set the 12-month share price target at NOK218.
Can anybody tell me why Societe General has upgraded SDRL. I read an article that commented on the upgraded that stated that Societe General had to points: 1) SDRL is a very special investment and 2) SDRL is writing a new chapter in its history. Sounds nice but would appreciate more detailed arguments.