Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / SDRL - Noble Corp.: This Rally Will Fade Soon


SDRL - Noble Corp.: This Rally Will Fade Soon

Noble Corp. (NE) shares have rallied together with other offshore drilling stocks on optimism about the economic recovery and the extension of current production cuts from OPEC+. Recently, I was wondering whether offshore drilling stocks will have a last rally before filing for bankruptcy like it often happens in such situations. Now, such a rally happens right in front of our eyes. This is the "pre-bankruptcy rally" which will soon fade for the following reasons:

  1. The coronavirus crisis and the corresponding decline in the price of oil has almost eliminated contracting activity on

Read more ...

Stock Information

Company Name: Seadrill Limited
Stock Symbol: SDRL
Market: NYSE
Website: www.seadrill.com

Menu

SDRL SDRL Quote SDRL Short SDRL News SDRL Articles SDRL Message Board
Get SDRL Alerts

News, Short Squeeze, Breakout and More Instantly...