SeaDrill Sees Robust Demand Through 2020
With Noble Corporation (NYSE: NE ) reporting a pause in deepwater drilling demand and an influential analyst predicting plunging demand in the sector, it's a good time to review the long-term case in the sector. Last week, SeaDrill (NYSE: SDRL ) attended the SEB Nordic Seminar and reiterated a very bullish long-term case for offshore rigs. With the company's stock down over 20% in a few months, investors should consider the stock if one believes in the bull case.
SeaDrill is a leader in the deepwater drilling segment focused on building out a high specification fleet and returning large amounts of capital to investors. The company's stock currently yields over 10%.
Read the full article here.
Disclosure: No positions mentioned. Please review the disclaimer page for more details.