SDLP News and Press, Seadrill Partners LLC Representing Limited Liability Company Interests From 06/18/19

(Image: Semi-submersible Ocean BlackRhino Source: ALP Marine Traffic/Muratov Alexander) Quick Analysis After writing my two recent articles about Ensco Rowan ( ESV ) published on June 16 and Transocean ( RIG ) published on June 17 , I decided that Diamond Offshore ( DO ) should be the n...

West Capricorn Seadrill Partners ( SDLP ) has just announced that it has received a one-well contract for semi-sub West Capricorn. The rig will work for Kosmos Energy ( KOS ) in the U.S. Gulf of Mexico. The job is expected to begin in Q4 2019, while the backlog is approximately $10 million...

London, United Kingdom, June 17, 2019 - Seadrill Partners LLC ("SDLP" or "the Company") has secured a one well contract with Kosmos Energy Gulf of Mexico Operations, LLC, for the West Capricorn in the US Gulf of Mexico. Backlog for the contract is expected to be approximately $10 milli...

Image: The Jack-up West Castor (Courtesy Seadrill) Investment Thesis As we all know, the new Seadrill Ltd. ( SDRL ) emerged from Chapter 11 bankruptcy on July 2, 2018. Long-term shareholders lost practically everything in this process, albeit they were still able to get a minimal par...

(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 poten...

Seadrill Partners ( SDLP ) has just announced that it will have a one-for-ten reverse unit split which is expected to be effective after the close of trading on July 1, 2019. The reverse split will reduce the number of common units from 75,278,250 to approximately 7,527,825 common units. The...

London, United Kingdom, May 30, 2019 - Seadrill Partners LLC (the "Company" or "SDLP") (NYSE: SDLP) announces a one-for-ten reverse unit split on its common units and subordinated units, which is expected to be effective after the close of trading on July 1, 2019. Trading of the split adjus...

On Thursday, May 23, 2019, offshore drilling contractor Seadrill Ltd. ( SDRL ) announced its first quarter 2019 earnings results. At first glance, these results appeared to be mixed as the company managed to beat the expectations of its analysts on the top-line but failed to beat earnings ex...

At times of real panic in offshore drilling stocks, it is very important to keep an eye on actual fundamentals and whether they are different from market sentiment. In a recent article, we have discussed current drillship fundamentals . Now, we turn our attention to the semi-sub segment, whic...

Seadrill Partners ( SDLP ) has just reported its Q1 results and provided its fleet status report . The company's survival with the current capital structure is under question, so any information about its business becomes very important. Let's start with the fleet news: Petronas exercis...