|Bid||11.66 x 503000|
|Ask||11.70 x 100400|
|Day's Range||11.46 - 11.76|
|52 Week Range||8.10 - 17.44|
|PE Ratio (TTM)||51.45|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Seadrill Ltd, the indebted oil rig firm controlled by Norwegian billionaire John Fredriksen, has agreed a restructuring that almost wipes out existing shareholders after filing for Chapter 11 bankruptcy protection. A deal with a consortium of investors, as well as bank lenders and many of its bondholders, will bring in more than $1 billion in fresh funding and aims to allow the firm to maintain its fleet of drilling units and pay creditors and staff. "Holders of Seadrill common stock will receive approximately 2 percent of the post-restructured equity," Seadrill said in a statement published late on Tuesday.
Categories: Yahoo FinanceArcher Ltd. relative valuation is now UNDERVALUED. It was previously rated NEUTRAL, and has a fundamental analysis score of 41. Our analysis is based on comparing Archer Ltd. with the following peers – Odfjell Drilling Ltd., NorAm Drilling Company AS, Songa Offshore SE and Dietswell (ODL-NO, GRIC-NO, SONG-NO and ALDIE-FR). Relative Valuation Archer Ltd.’s price ... Read more (Read more...)
Oslo-listed rig firm Seadrill is looking to raise at least $1 billion in new capital as talks to restructure its debt and liabilities worth $14 billion are taking longer than expected, wiping more than a fifth off its market value. Once the crown jewel in the empire of shipping tycoon John Fredriksen, Seadrill's shares have fallen 90 percent in the past three years as plunging crude prices and drastic spending cuts among oil companies have pushed daily rig rates for oil drillers down towards operational costs. Although a more stable oil price has helped some oil services providers recover, companies such as Seadrill Transocean and Vallourec have lagged as a glut of offshore rigs built during the boom are now lying idle, while debt repayments must still be honoured.