Debt Could Sink This Offshore Oil and Gas Driller
Sentiment: Strong Sell
not falling for the head fake
If interest rates rise 150 bpts over the next two years, SDRL interest expense increases by $150 M. However, EBDITA is seen growing from $2.65 B to $4.5 B.
THINK ABOUT IT STUPID!
I am buying had a nice pull back and huge deep water finds makes this a good somewhat risky
return,, but that's what investing is all about knowing you risk
Deepwater find? SDRL does not own the minerals, they'll drill a few wells and that's all they get.