|Bid||10.90 x 2900|
|Ask||11.27 x 900|
|Day's Range||10.55 - 11.71|
|52 Week Range||10.55 - 198.15|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2018 - Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.17|
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German tech company Siemens announced the launch of the first hybrid power plant for offshore rigs with lithium-ion batteries for energy storage
Olsen Energy on Thursday proposed changing the company's name, days after it blamed the latest oil price plunge for the collapse of a rig sale deal to raise money to cut debts. The company, controlled by one of Norway's richest families, the Olsens, has been trying to restructure debts of about $580 million and the refinancing plan included the sale of its newest rig Bolette Dolphin. "The potential buyer of the Bolette Dolphin has withdrawn from the sales process given the significant change in oil and equity prices coupled with the uncertainty around the restructuring and sale process," Fred.
Neither the beleaguered offshore oil driller's third-quarter numbers nor management's outlook inspire a lot of hope.
Ltd. posted a bigger-than-expected third-quarter net loss of $240 million on Tuesday, nearly five months after emerging from chapter 11 bankruptcy protection, but said it sees signs of improvement in the offshore drilling industry. Seadrill, which operates a fleet of 35 drilling rigs and manages a further 18 on behalf of other companies, filed for bankruptcy protection last September after being hit by a perfect storm of tumbling oil prices that prompted oil companies to slash exploration plans while Seadrill was struggling to repay a mounting debt pile. The $240 million net loss in the three months to Sept. 30 was larger than the $179 million loss expected in a FactSet analyst forecast.
The coming year will be another challenging one for offshore drillers due to a surfeit of rigs even though prices are starting to improve, the chief executive of Seadrill told Reuters on Tuesday. The Oslo- and New York-listed company, controlled by Norwegian-born billionaire John Fredriksen, on Tuesday reported its first quarterly results since emerging from U.S. Chapter 11 bankruptcy in July. "We've always known that, given significant oversupply of rigs, 2019 is going to be a challenging year, and our opinion hasn't changed," Seadrill Chief Executive Anton Dibowitz said in an interview.
Nov 27 (Reuters) - Seadrill Partners Llc: * SEADRILL PARTNERS ANNOUNCES CONTRACT AWARD FOR THE WEST CAPELLA * HAS SECURED A ONE WELL CONTRACT WITH TWO OPTIONS WITH PETRONAS CARIGALI SDN BHD., FOR WEST ...
Norwegian offshore drilling rig firm Seadrill Ltd sees the contracting rigs market improving from 2019-20, as it reported its first quarterly results on Tuesday since emerging from Chapter 11 bankruptcy in July. The company, controlled by Norwegian-born billionaire John Fredriksen, posted a revenue in the third quarter of $249 million and an operating loss of $106 million. "Having restructured our business, we are now well positioned to capitalise on the recovery," Seadrill said in a statement, referring to the recovery in the oil sector after a slump in prices in 2014-2016.
Highlights Revenue of $249 million Operating loss of $106 million Adjusted EBITDA of $46 million 98% economic utilization Reported net loss of $245 million and diluted net loss per share of $2.40 Total ...
Seadrill Limited ("Seadrill" or the "Company") announces the completion of the mandatory offer to purchase approximately US$56 million (the "Asset Sale Offer") of its 12.0% Senior Secured Notes due 2025 (the "Notes") announced on October 10, 2018 related to the proceeds of a deferred consideration agreement with Sapura Energy. As of the Expiration Time, $148,243 in aggregate principal amount of the Notes were validly tendered. The Company accepted and made payment for the tendered Notes on November 14, 2018. 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.
London, United Kingdom, November 2, 2018 - Seadrill Limited is scheduled to release its third quarter 2018 results on Tuesday November 27 th , 2018. A conference call and webcast will be held at 10:30 ...
Sanchez Energy Corporation (SN) today announced the appointment of an Interim Chief Financial Officer and two new independent members to its Board of Directors. The Board also appointed Tony Sanchez, III, President of Sanchez Energy in addition to his current position of Chief Executive Officer. Cameron W. George has been appointed Interim Chief Financial Officer of Sanchez Energy, effective immediately. Mr. George joined Sanchez Energy in 2016 as Senior Vice President of Capital Markets and has more than 15 years of investment banking and industry experience encompassing corporate finance, mergers and acquisitions, financial reporting, treasury, risk management and investor relations. Since joining Sanchez Energy, he has led the financing of its asset base and operations and will continue to serve as the primary corporate contact with investment banks, capital providers and rating agencies in addition to leading the company’s finance, accounting, treasury, investor relations and business development activities.
Seadrill Limited ("Seadrill" or the "Company") announces that it has made a mandatory offer to purchase approximately US$56 million of its 12.0% Senior Secured Notes due 2025 (the "Notes"). Under the terms of the Indenture for the Notes issued on July 2, 2018 (the "Issue Date"), the Company is required to make an offer to purchase the Notes, using certain proceeds from a deferred consideration agreement relating to the sale of its tender rig business to Sapura Energy in 2013. The deferred consideration agreement with Sapura Energy was amended in August 2017 and converted into a loan that matured in August 2018.
NEW YORK, NY / ACCESSWIRE / October 9, 2018 / U.S. equities were mixed on Monday with the Dow Jones finishing in the green, but broader market gains were lagged due to worries over sharp increase in interest ...
Seadrill Limited ("Seadrill" or the "Company") announces a mandatory par redemption of approximately $126 million principal amount and accrued interest of its 12.0% Senior Secured Notes due 2025 (the "Notes"). As per the terms of the Indenture for the Notes issued on July 2, 2018 (the "Issue Date"), the Company will use its share of the West Rigel sale proceeds to redeem the Notes, on a pro rata basis from holders of record on October 2, 2018 (the "Record Date"), on November 1, 2018 (the "Redemption Date"). The redemption price of the Notes, as set forth in the Indenture, is par plus accrued and unpaid interest, from the Issue Date to, but not including, the Redemption Date.
Seadrill Limited ("Seadrill or the Company") has updated its Form F-1 Registration Statement to include its interim financial results for the six months ended June 30, 2018. Both the updated Form F-1 and our Form 6-K interim financial results have been filed with the U.S. Securities and Exchange Commission. The Form 6-K interim financial results relates to Seadrill prior to its emergence from Chapter 11 on July 2, 2018, and does not include the effects of the reorganization or fresh start reporting.