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The recent sell-off represents a solid buying opportunity. Seadrill reported solid results in the 3rd Quarter, with very strong utilization rates across the fleet. In the 3rd quarter, revenue was 4% ahead of consensus, and EBITDA matched expectations. The concern, of course, is that they take debt to build rigs before they have contracts for them. Seadrill confirmed that they are seeing signs of customers delaying contracts, but that is balanced by a backlog of $19.5 billion. With its modern fleet and a number of available rigs, Seadrill believes they will be able to book with high dayrates and high-cashflow contracts, in both the deepwater and jackup segments. The company showed its confidence by raising the dividened. With such strong earnings and interest rates on debt declining, I don’t see any danger of the debt being a problem, so this one is a buy.
The yield is so high for a reason.
Div. (Yield) $3.80 (9.1%)Current Yield 10.93
Can NOT ignore their PE, Yield & other numbers for success
Seadrill specializes in manufacturing and deployent of ultra-deepwater and high-hazard oil drilling platforms. Fortune 50 client list. Billions in order backlogs. Youngest fleet among competitors ESV, DO, RIG to name a few. Excellent leadership in management and expert industry knowledge. Strong growth potential. The hefty and sustainable dividend is the kicker.
Cash flow cascading 20% higher in 2014, also in 2015 due to new units joining the youngest + highest rated drilling fleet on the planet.That is virtually a "back of the envelope" exercise =please do your own computations = I'd be tickled to get your own results. Douglass at firstname.lastname@example.org
Split and dividend.
New partnership with Russian company will provide long term drill ship requirements. New drill ships on order will be used to replace outdated ships from other companies.
The dividend here is huge, the super low PEG makes me want to be ultra aggressive with this one. Taking a large RL position today.
Seadrill is using up to date technology and increasing its fleet to bring in more wells.
Oil going up so need to dig deeper for it
Chasing the run that SeaDrill is on. 8% divident yeild is hard to pass up. SeaDrill continues to increase revenue, EPS and Dividends consistently. They seem to be poised for a good run here.
Betting against John Fredriksen is never a good idea ...John Fredriksen: The Man, The Myth, The Legendhttp://gcaptain.com/john-fredriksen-man-myth-legend/
I like the man in charge as he is a go getter and has what it takes to make this company top notch!
Driven by their policy and vision to be the biggest drilling company in the world with first class safety.
Best Deep Sea Rig with Newest Technology and Insane Dividend and Highest Day Rates
real money: mom and kids
This company has a large debt-to-equity ratio but I think they use debt/capital wisely and the market opportunity continues to expand not shrink as ultra-Deepwater rigs become more normal items to be requested from oil and gas companies.
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