Note: I have covered Seadrill (NYSE:SDRL) previously, so investors should view this as an update to my earlier articles on the company.
Last week, I discussed the general picture for the offshore drilling industry after recent oil price declines and was particularly concerned about the ongoing lack of deepwater exploration activity as supermajors have been largely sticking to their short-cycle investment strategies for now.
Today I will focus on Seadrill Limited (NYSE:SDRL), a leading offshore driller which just reported its first full quarter of operations after emerging from bankruptcy in early