With over $2B cash..received from assets sell.....Seadrill should cut the debt by $1B.....and buy back some shares....but please no special dividend.....!!!
BRIEF-Seadrill expects improvement in Q4
OSLO | Mon Nov 26, 2012 9:05am EST
Nov 26 (Reuters) - SEADRILL
* Says not satisfied with the operational performance in the third quarter.
* The operational performance so far in the fourth quarter, while still being impacted by the subsea issues experienced in the third quarter, is trending back to normal
* Income from tender rig sale these funds are not likely to be distributed as extraordinary dividends, but are more likely to be used to support investments
* Anticipates a significant improvement in the operating results in the fourth quarter 2012 results
Sentiment: Strong Buy