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?
Thanks.

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Travis Johnson, Stock Gumshoe
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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 »

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