Although I've had some issues with Seadrill's (Nasdaq:SDRL)
aggressive (and highly levered) business plan, one thing really hasn't
changed about this company – if you believe that various oil and gas
majors are serious and committed to growing their production over the
next five years, Seadrill is going to be a significant beneficiary. I
sometimes wonder if Seadrill management is playing out some sort of
deep-seated desire to be investment bankers with all of the elaborate
deals and transactions they conduct, but the reality is that they are
doing well in terms of contract coverage and dividend payments, and that
counts for a lot.
Please read the full piece here:
http://www.investopedia.com/stock-analysis/052813/seadrill-still-motion-delivering-better-utilization-and-dividends-sdrl-rig-bp-xom-atw.aspx
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