Note: I have covered Seadrill Partners (NYSE:SDLP) previously, so investors should view this as an update to my earlier articles on the company.
Just two weeks ago, I published an article on Seadrill Partners in which I warned of a potential debt restructuring that would expose common unitholders to the risk of being wiped out, quite similar to the fate of fellow publicly-traded Seadrill subsidiaries North Atlantic Drilling and Sevan Drilling last year:
Given the upcoming loss of the company's legacy contracts and the necessity to enter into negotiations with creditors over the