written by reader Travis, what is your take on Seadrill. Do you see any hope for this company. They were once

By backoffice, May 16, 2017

the best in their sector, do you see any improvement in their standing or is it a lost cause a victim of the oil glut with alternative energies?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Share your thoughts...

1 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
1 Comment authors
Travis Johnson, Stock Gumshoe Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Travis Johnson, Stock Gumshoe

I have not looked at Seadrill in detail recently, but the shale revolution and the drop in oil prices effectively scuttled their highly levered business plan. They had (and have) a great fleet of deepwater rigs, and they were dramatically more aggressive than their competitors (Diamond Offshore, Transocean, etc.) in building up that rig fleet when oil prices were low and demand was not that high for offshore equipment a decade or more ago, so they were ready for the huge boom in offshore drilling that came when oil soared and a lot of big offshore discoveries, from the Gulf… Read More »

Add a Topic
Add a Topic
Add a Topic