Thursday, May 30, 2013

Seadrill Remains An Aggressive 8% Yielder To Own


Anybody following the offshore drilling market knows that CEO Fredrik Halvorsen of Seadrill Limited (SDRL) is an aggressive operator. Not only does the company pay substantial dividends unlike the competition, but it also continuously wheels and deals rigs, divisions, and subsidiaries.

The company is a leading offshore deepwater drilling expert with a fleet of drillships, jack-up rigs, and semi-submersible rigs operating in Northern Europe, U.S. Gulf of Mexico, Mexico, South America, West Africa, Middle East, and Southeast Asia. The company owns positions in numerous other drilling oil services firms including 75.7% of Seadrill Partners (SDLP) that alone is worth nearly $1 billion.

Read the full article at Seeking Alpha.


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