|Bid||3.00 x 487300|
|Ask||3.04 x 115900|
|Day's range||3.00 - 3.25|
|52-week range||1.36 - 4.70|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.10|
With Seadrill (SDRL) nearing bankruptcy exit, it is likely to improve the liquidity position of the company and provide growth opportunities.
As previously announced, on April 17, 2018, the court overseeing the Company`s chapter 11 cases entered an order confirming Seadrill`s plan of reorganization (the "Plan"). Since confirmation of the Plan, the Company has been preparing to close the Plan transactions and satisfy conditions precedent, which will occur on the "Effective Date" of the Plan anticipated to be in the first half of July 2018. Existing Seadrill Limited will be wound up and the new Company with the reorganized capital structure will assume its name. We plan to re-list the new Company`s common stock on both the New York Stock Exchange and the Oslo Stock Exchange as before, retaining the same ticker symbols as before. Listing for both exchanges is expected to occur during July 2018, shortly after the Effective Date.
Most of the offshore drilling stocks traded in the green in the week ended June 1, returning 3.0%–6.5%. The best performer among these peers for week 22 was Seadrill (SDRL). The stock had fallen more than 32.0% in week 21. In week 22, the weakest performer among its peers was Seadrill Partners, which was the only stock trading in the red.
Oil companies in Norway are raising their exploration spending more than expected, the head of the country's industry regulator told Reuters on Tuesday. Firms such as Equinor and other operators are now expected to drill around 45 exploration and appraisal wells in 2018, up from an earlier forecast of around 35 for the year, Norwegian Petroleum Directorate (NPD) chief Bente Nyland said. In 2017, companies completed 34 wells off the coast of Norway, western Europe's top producer of oil and natural gas.
Oil companies in Norway are raising their exploration spending more than expected, the head of the country's industry regulator told Reuters on Tuesday. Firms such as Equinor and other operators are now ...
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A strong North American drilling market was not enough for Schlumberger (SLB) and Halliburton (HAL) to beat Q1 earnings, while France's TOTAL (TOT) strengthened its low-carbon energy asset portfolio.
Perforadora Oro Negro, an offshore drilling contractor, filed for bankruptcy in the U.S. Friday, seeking an investigation into allegations that the owner of a major competitor teamed up with Mexico’s state-owned oil behemoth to drive Oro Negro out of business. The company, which is carrying nearly $1 billion in debt, sought chapter 15 protection, the part of the U.S. bankruptcy code that deals with international insolvencies, in U.S. Bankruptcy Court in New York. If its request for chapter 15 is approved by Judge Shelley Chapman, who will oversee the case, Oro Negro will receive the benefits of U.S. bankruptcy law, including the so-called automatic stay that halts lawsuits and prevents creditors from seizing assets.
Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. The company won U.S. court approval on Tuesday for its multi-billion dollar debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards. Obviously, we would like to do it as fast as possible," CEO Anton Dibowitz told Reuters.
OSLO, April 18 (Reuters) - * Norwegian shares traded up on Wednesday * Oslo's benchmark index rose 1.10 pct, or 9.23 points, setting a new all-time high of 847.03 points. The bourse was up by 2.87 pct ...
* Norwegian shares traded up on Wednesday * Oslo's benchmark index rose 1.10 pct, or 9.23 points, setting a new all-time high of 847.03 points. The bourse was up by 2.87 pct year-to-date * The broader ...
Seadrill Limited ("Seadrill" or the "Company") announces that its Plan of Reorganization (the "Plan") has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. The Plan has near unanimous support from the Company`s stakeholders and emergence from Chapter 11 is expected within the next 60-90 days. The Plan strengthens our capital structure with $1.08 billion of new capital, extending and re-profiling $5.7 billion of secured bank debt, and converting $2.3 billion of unsecured bonds to equity, while leaving employee, customer, and ordinary trade claims largely unaffected.
Norwegian billionaire John Fredriksen will remain in charge of the Seadrill Ltd. international offshore fleet of heavy drilling equipment under a chapter 11 plan confirmed in a bankruptcy court in Houston....
Hamilton, Bermuda, April 13, 2018 - Seadrill Limited ("Seadrill or the Company") announces that it has filed its annual report on Form 20-F for the year ended December 31, 2017 with the Securities ...
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Hamilton, Bermuda, April 9, 2018 - Seadrill Limited has announced the voting results for its Chapter 11 Plan of Reorganization (the "Plan") filed with the U.S. Bankruptcy Court for the Southern ...
A legal battle over a small oil-drilling company is testing Mexico’s promises of greater transparency and competition made when the country opened its oil industry five years ago.
Norway's Statoil will drill three exploration wells on Britain's continental shelf this year, the company said on Friday. ** Plans include an appraisal well at the Verbier prospect in the outer Moray Firth, ...