SDLP News and Press, Seadrill Partners LLC Representing Limited Liability Company Interests From 09/12/19

This article was selected to be shared with PRO+ Small & Micro subscribers - find out more here . Borr Drilling ( BORR ) is a newcomer in the offshore drilling industry, established by former Seadrill executive Tor Olav Trøim to take advantage of the major industry downturn tha...

Seadrill Partners (former ( SDLP ), current (SDLPF)) has recently received notification from NYSE stating that the proceedings to delist the company’s common units have commenced. The reason for this was the company’s low market capitalization. The trading of Seadrill Partners'...

Seadrill ( SDRL ) is constantly in the news this month. We have just discussed its new drillship contract which came at a dayrate of $200,000, and now, the company has reported another very material development - its Angolan joint-venture , Sonadrill, has secured its first contract. Dri...

Seadrill ( SDRL ) has just announced that it got a one-year contract for drillship West Neptune from LLOG. The rig will start drilling in the U.S. Gulf of Mexico in December 2019. Seadrill reported that total contract value is expected to be approximately $74 million, calculating to a dayrat...

The last summer month ends soon, and it means that it is high time for the monthly floater fundamentals assessment. August turned out to be another rough month for the offshore drilling stocks, which have been under pressure since May. Let’s look at whether such pressure is justified by...

(Courtesy: SDLP: The drillship West Auriga) Investment Thesis Seadrill Partners LLC ( SDLP ) kept sliding down since I published my preceding article, in which I was rightfully pushing for a short position. It is not something that I usually recommend, by the way. I recommend reading ...

Image: The Jack-up West Castor (Courtesy Seadrill) Investment Thesis It is still fresh enough to remind all my readers that the new Seadrill Ltd. ( SDRL ) emerged from Chapter 11 bankruptcy on July 2, 2018. The issue was that the company was buried under a huge debt load, and the idea wa...

Seadrill Partners ( SDLP ) has just reported its second-quarter results and provided its fleet status report . The company reported revenues of $178.5 million and a net loss of $38.8 million. Revenues were down from $203.7 million in the first quarter mostly due to downtime on drillship Wes...

Seadrill Partners LLC (SDLP) Q2 2019 Results Conference Call August 20, 2019 10:30 AM ET Company Participants John Roche - Chief Executive Officer Conference Call Participants Brian Hook - Barclays Presentation Operator Good afternoon, and welcome to the Seadrill Part...

The following slide deck was published by Seadrill Partners LLC in conjunction with their 2019 Q2 earnings Read more ...