- Shares at multi-year lows after the company's material exposure to ailing offshore driller Seadrill required the second dividend cut in 2020.
- Discussing potential impact from the upcoming Seadrill restructuring.
- Remaining fleet continues to generate solid cash flows. Strong containership market reduces segment counterparty risk.
- Current dividend level appears sustainable even without material contributions from the offshore drilling segment going forward.
- Expect SFL to weather the storm and increase its payouts back up over time. Speculative investors should consider taking a position despite the ongoing Seadrill impact.
For further details see:
SFL Corporation: Speculative Buy Despite Material Near-Term Impact From The Upcoming Seadrill Restructuring