ESV - Seadrill: Back From Bankruptcy - Discussing First Financial Report And Outlook
Note: I have covered Seadrill (NYSE:SDRL) previously, so investors should view this as an update to my earlier articles on the company.
After emerging from bankruptcy in early July, leading offshore driller Seadrill reported its first full quarter of operations as a restructured entity.
Overall, the results contained no major surprises.
Photo: Drillship "West Saturn" spotted in Las Palmas, Canary Islands in March 2017 - Photo courtesy of Dirk Septer
Revenues continued to deteriorate as substantially all of the company's rigs have rolled off their legacy high-margin contracts, but the company still managed