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SeaDrill Limited Message Board

  • west_gemini west_gemini Nov 26, 2012 10:00 AM Flag

    BRIEF-Seadrill expects improvement in Q4


    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

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