Ordinarily, a sudden change in management during a highly valued
growth/momentum story would be expected to shake up the stock. But then
Seadrill (NYSE:
SDRL) has never been an ordinary story and it looks like the markets aren't too troubled by news of a new
CEO
and a possible corporate relocation. While I'd be inclined to agree
that Wednesday's news really doesn't change a lot for the company,
valuation is still pretty robust on this name.
Please read more here:
http://www.investopedia.com/stock-analysis/2012/Does-A-Shake-Up-At-Seadrill-Really-Change-Anything-SDRL-RIG-HAL-SLB1003.aspx
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