SDLP - Seadrill Partners: What To Do After The Distribution Cut
In my recent article "Seadrill Partners' CEO Leaves, Bad Sign?", we have discussed that the departure of Mark Morris hinted that the company was ready to start negotiating with creditors and that a distribution cut could have been performed as a symbolic gesture to please creditors ahead of those negotiations. Fellow contributor Henrik Alex was more decisive in his recent statement, saying that equity holders need to prepare for a potential wipe-out.
The situation for Seadrill Partners (SDLP) continues to develop quickly as the company has issued a press release