|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||19.52 - 20.01|
|52 Week Range||15.76 - 198.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2018 - Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Most offshore drilling stocks traded in the green in the week ended July 13 (week 28). The best performer during the week was Noble. Seadrill Partners was the weakest performer among its peers and the only offshore driller that traded in the red.
Seadrill Limited ("SDRL or the Company") announces today that a subsidiary of Seadrill Partners, the Master Limited Partnership it established in 2012 and in which it holds approximately a 46.6% interest in, has received approximately $248 million relating to the West Leo early termination litigation award. Such statements are generally not historical in nature, and specifically include statements about the Company`s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts.
Enbridge (ENB) is getting rid of assets in order to pare debt, while Chevron (CVX) is set to put a number of its oil and gas fields in Britain's North Sea for sale.
Seadrill Partners (SDLP), an MLP formed by Seadrill Limited (SDRL) to own, operate, and acquire offshore drilling rigs, was the top MLP gainer in the week ending July 6. Seadrill Partners rallied 12.1%. Last week, the gains could be attributed to a favorable court ruling and a new contract.
For drilling stocks like Transocean Ltd (NYSE:RIG), the past few years have shown just how risky the sector can be. RIG stock has dropped 72% in the past five years — and 91% in the last ten. Peers Noble Corporation PLC (NYSE:NE), Ensco PLC (NYSE:ESV), and Diamond Offshore Drilling Inc (NYSE:DO) are also having a tough time.
John Fredriksen’s stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the oil-market crash. Now, the Norwegian-born shipping tycoon is placing a new wager on offshore drilling after overcoming a bondholder rebellion and pushing through the most complicated restructuring ever for the industry. After more than two years of negotiations with banks, new investors, bondholders and shipyards on how to deal with the industry’s biggest debt load, Seadrill emerged from bankruptcy protection this week.
NEW YORK, NY / ACCESSWIRE / July 4, 2018 / Shares of VEON were up on Tuesday after it said it will sell its 50% equity stake in Wind Tre to partner CK Hutchison. Shares of Seadrill Limited were in the ...
Olsen Energy (FOE.OL) took another dive on Wednesday after it said it stopped paying its creditors to preserve liquidity, in the latest example of a rig firm falling victim to slow demand recovery in the sector. A number of offshore drillers, including Seadrill (SDRL.N), once the world's largest rig company by market capitalisation, were forced to restructure their debts after demand fell sharply due to the oil market's downturn in 2014-2016. Consolidation of smaller players could help the drilling market's recovery, Seadrill's Chief Executive Anton Dibowitz told Reuters on Tuesday.
Due to a change in the share count and a massive reduction in the equity held by common investors before today's Chapter 11 emergence, all the major financial websites are miscalculating Seadrill's price movement.
Seadrill (SDRL) stock fell to a 52-week low of $0.10 on July 2—a fall of 52.5% from the previous day’s closing price. The stock fell after the company announced that it successfully emerged from Chapter 11 bankruptcy. Equity investors were well aware that they would only retain up to 2% in the company.
Investors may want to be cautious before buying stock in Seadrill Limited ( SDRL). Although shares are trading at rock-bottom prices as of June 2018, there is a great deal of risk for Seadrill and the drilling sector as a whole. Seadrill’s stock price is closely correlated with the price of crude oil, which has grown this year.
Seadrill Limited ("SDRL or the Company") announces today that Seadrill Partners, the Master Limited Partnership it established in 2012 and in which it holds approximately a 46.6% interest in, has been awarded a $273 million settlement from the English High Court following a dispute with Tullow Ghana Limited in relation to the early termination of the West Leo.
A London judge ordered Tullow Oil to pay rig owner Seadrill around $254 million saying Tullow was wrong to end a rig contract in Ghana on grounds of force majeure over a maritime dispute, Tullow said on Tuesday. Tullow cancelled the contract for Seadrill's West Leo rig in December 2016 after Ghana set a drilling moratorium on its TEN offshore oil and gas field which is located in waters then claimed by both Ghana and Ivory Coast.
Consolidation among smaller offshore oil rig companies would help to boost a recovery in the drilling market, Seadrill CEO says.
The offshore driller announced it is emerging from Chapter 11, and the market is finally applying a more realistic valuation to its shares. Keep reading to find out what's happening.
Offshore energy company Seadrill, which filed for chapter 11 in September, said that it has emerged from bankruptcy protection.
Seadrill’s (SDRL) YTD (year-to-date) returns were 50.7% as of June 27. The stock has outperformed Transocean (RIG), Diamond Offshore (DO), Noble (NE), and Ensco (ESV). They rose 14%–25% during this period.
Seadrill Limited ("Seadrill" or the "Company") announces today (the "Effective Date") that it has emerged from chapter 11 after successfully completing its reorganization pursuant to its chapter 11 plan of reorganization (the "Plan"). The Plan has re-profiled the Company`s debt and provided substantial liquidity that puts the Company in a strong position to execute its business plan.
LONDON, UK / ACCESSWIRE / July 2, 2018 / If you want a free Stock Review on SDRL sign up now at www.wallstequities.com/registration. The oil and gas drilling industry consists of companies that are engaged in oil and gas drilling services on a contract basis.
Yesterday, US crude oil surged 3.2% to close at $72.76 per barrel—the highest level since November 2014. Oil prices rose after a significant drop in US crude oil supplies. On Wednesday, the Energy Information Administration reported that crude supplies declined by 9.9 million barrels for the week ending June 22.
1036 GMT - Peel Hunt expects Anpario’s first-half sales to be similar to the year-earlier period, with unfavorable foreign-exchange rates offsetting high single-digit growth on a constant currency basis. Peel Hunt says profit performance for the period will likely be similar to that for the first half of 2017. The oil-and-gas company said it now expects production to be between 89,000-95,000 barrels of oil equivalent a day compared with a previous range of 86,000-95,000 barrels of oil equivalent.