SDRL - Seadrill Limited Announces First Quarter 2017 Results BY THOMSON REUTERS ONE — 2:03 AM ET Highlights * Revenue of $569 million * Operating income of $83 million * EBITDA of $291 million * 98% economic utilization * Reported net income of $57 million and diluted net income per share of $0.13 * Underlying net income, excluding non-recurring items and non-cash mark to market movements on derivatives, was $22 million and earnings per share was $0.06 * Cash and cash equivalents of $1.5 billion * Seadrill Limited (SDRL) order backlog of approximately $3.4 billion
The Company has notified the NYSE that it believes it could regain compliance through the completion of a comprehensive restructuring plan arising from the Company’s previously disclosed ongoing negotiations with its banks, potential new money investors, an ad hoc committee of bondholders, and other constituents in the event that such restructuring is completed prior to the expiration of the six-month grace period from the date of the NYSE notice. There can be no assurances that the Company will regain such compliance, the restructuring will be completed within such grace period or that the common shares will not be subject to delisting during the grace period if the Company enters into Chapter 11 proceedings or for other reasons.
ok it's been a while since I looked at this company. Can anyone tell me why it is trading below $1 now when just 4 years ago it was trading in the $40 range?
EPS Est. (-.01) / Actual (+.13)
Hairy G. Balls
Saudi conceded. Oil is stable at $50. SeaDrill will survive. $2 by Summer. Kaboom!
The company reported better than expected earnings lol this is a buy and a long term hold, not a sell. Don't listen to these clowns
How high can this stock go? A dollar is certainly now reachable again. There should be some resistance seriously could we be seeing something in the region of $1.50 again pretty soon? The outcome of the OPEC meeting, is the next big thing to wait form which should drive the price of crude up, and carry Seadrill with it...
Meet Your NEW CEO - BIOGRAPHY: Anton Dibowitz Anton Dibowitz joined Seadrill in 2007, has led the Commercial function within Seadrill since 2010 and was appointed Executive Vice President in June 2016 with the responsibility for day-to-day business administration of the company. Mr. Dibowitz has 20 years' experience in the drilling industry. Prior to Seadrill, Mr Dibowitz held positions within tax, process reengineering and marketing at Transocean and Ernst & Young LLP. He is a certified public accountant and a graduate of the University of Texas at Austin where he holds Masters degrees in professional accounting (MPA) and business administration (MBA). Mr. Dibowitz is a US citizen and resides in London, England with his wife and two daughters.
Back in folks @ .54 after a short hiatus. Made a very small profit on my last trade, but will make make up for it on this purchase. Expecting at least 30-40% on this one. Remember folks, play the swings. Don't listen to that DA Tabitha, as he/she is already down big time. Obviously, this idiot doesn't know the first thing about trading. I rarely agree with Bill K, but he was absolutely right about this DH. It's a risk for sure, but we shall soon see how this plays out. Hope some of you other traders also took advantage of this buying opportunity. Good luck fellow traders.
new CEO - Is this meant no more BK talks?
Last chance to buy it dirt cheap folks... Tomorrow this stock spikes!
Hi, I'm Dave. I just signed up to post on this forum.
I am long 30K shares at .62 - I know the risks, as this is the riskiest stock in my portfolio - you can't win if you don't play.
I don't understand all the bashing on this board - whether you make money or lose money doesn't make you less of a man or woman. No matter if you're right or wrong, none of us are 100% of either.
I have also read some insightful posts on both sides of the argument of SDRL on this board.
Some of my thoughts of potential outcomes - feel free to comment, but no need to bash - I would love some intelligent feedback - no matter which of these occur, I'm ok with it.
Potential Outcomes 1. Restructure Debt - Heavy dilution of common shareholder stock - very likely, in which case I'll push my shares into my IRA and see what happens over the next decade and a half.
2. Bankruptcy - 100% loss (aware of this going in) - willing to take the risk
3. If I remember right, about 25% of the float is short. With the announcement of a reverse stock split there will be a hoard of buying to cover, so that they can re-position their shorts at the higher price. This will be a good time to sell out for a small gain. Just a theory.
4. This one especially, I would like some feedback on. SDRL as an acquisition target. Why are none of the big boys - such as Exxon, trying to scoop this company up? Or are they, and we haven't heard anything. The market cap is under $300 million. With assets over $20 billion and a debt load of $10-12B, wouldn't it be a smart time to buy - especially if the acquiring company were able to refinance that debt at better terms? Even a purchase at $15B would be good for everyone. Am I completely off target on this scenario?
Thanks for any replies.
be smart people take money off the tAble THESMART PEOOPLE ALWAY ALWAT TAKE MONEY OFF THETABLE SO SHOULD YOUSO SHOULD YOU it will ALWAY ALWAY crash crash back BELOW 5O CENT RUN RUN TO THE EXIT REXIT DOOR IT ALWAY ALWAY CRASHIES CRASSHIES BACK DOWN ,BE VERY VERY AFRAID TGO LOSS YOURMONEY WHEN PEOPLE START TO DUMP DUMP THIER SHARES TO TAKE MONEY OFF THE TABLE
Hairy G. Balls
It could go to $1 anytime ... you are warned! kaboom!
I love it when both Zacks and Seeking Alpha were proved to been talking utter b'cks in the same week. Those sites have an agenda, no one should believe what they read there. Particularly anything from the Russian guy who is not only sinister but is shorting this stock.
Hairy G. Balls
Make it whole (dollar) this week! kaboom!
Some decent sized purchases in the Pre-Market. The price is so cheap, that they are buying the stock in the thousands. Interesting, I think they will get a decent return on their investment. It's a BUY!
SDRL Q1 earnings are expected to be announced before market hours on 5/24/17 Estimates: High 0.200 Mean -0.009 Low -0.150
I'm reporting every single disgusting comment out of "Amy Dixswell's" foul mouth to yahoo by clicking the 3 dots next to her (or his as it claims to be a male) name. That person is a very angry and bitter person who probably lost a lot of money and enjoys leaving perverted comments rather than insightful comments which is the purpose of this board.
Cash decrease in a profit quarter it be used for purchasing debts? No write off this qtr seems a good sign to commons.