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.
SDLP - Seadrill Partners Could Be 'Big John' Fredriksen's Next Casualty
Seadrill Partners LLC Representing Limited Liability Company Interests
(Courtesy: SDLP: The drillship West Auriga)
Investment Thesis
After Seadrill Partners LLC (SDLP) managed in extremis to insulate temporarily the company against the adverse ripple effects of Seadrill Ltd. (NYSE: SDRL) debt restructuring - which was forced to file for chapter 11 due to a massive debt load - the time to deal with its "demons" is now approaching at fast pace. The situation is not cloudless as we speak, and refinancing the debt next year presents some financial challenges that the company is not ready to tackle due primarily to a weaker-than-expected