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 - Seadrill Partners Falling Into Oblivion


SDRL - Seadrill Partners Falling Into Oblivion

(Courtesy: SDLP: The drillship West Auriga)

Investment Thesis

Seadrill Partners LLC (SDLP) has been slowly going down since my preceding article, where I was pushing for a short position. Unfortunately, for long-term shareholders, I have been right, and the stock collapsed due to a potential restructuring under Chapter 11 within the next 12 months.

Seadrill Partners managed in extremis to insulate itself temporarily against the adverse ripple effects of Seadrill Ltd.'s (NYSE: SDRL) debt restructuring, which was forced to file for Chapter 11 due to a massive debt load.

Refinancing the debt

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...