Seadrill Limited (SDRL) Options

Yes I have something to share. I lost a bunch of $ a few years ago with their bankruptcy. I don't know who's running the show but I wouldn't touch this thing, at all. I'm surprised they're still operating.

I believe they have 26 rigs now.



Take a look >> https://www.seadrill.com/fleet/rig-portfolio/



$SDRL making a strong comeback from bankruptcy...watch it soar on these earnings/disclosures:



https://www.seadrill.com/application/files/4816/9207/5721/Seadrill_6-K_2023_Q2.pdf

High Growth Action:

$94 million net income Q2 2023 vs $43 million net income Q1 2023
EPS Q2 2023 $1.16 vs EPS $0.81 Q1 2023

Cash $412 million
Total Assets $4 billion
Total Liabilities $958 million

Stockholders Equity $3 billion



I project EPS for the year @ $4.50 (it's $2 EPS first 2 quarters)
Slap a conservative P/E Ratio of 20 on it = $90 price per share
Currently $47.87 (10% gain = ~$52 pps, 20% gain = ~$57 pps, 30% gain = ~$62 pps)

Looks like a good bet to me, trying for 20% likely 30% if it trades the way I believe it will.

This is a day trade for me but may leave a kicker long...looks like a good long term investment. JMO

SDRLF: Bankruptcy Plan Effective Shares Cancelled/Distribution

Shares will be mandatorily exchanged at a rate of 0.00124521 into New Seadrill Common Stock.

https://otce.finra.org/otce/dailyList?viewType=Deletions

https://finance.yahoo.com/news/seadrill-finance-limited-renamed-paratus-000600054.html

If so then there’s still time for a buy.

I love BK companies that sell off assets to stay alive. Proof of them acting in best intrest of shareholders during turbulence

It is my understanding that the court approved it's debt restructuring and that SDRLF should be set to exit BK this month. At least that I is what I have read.

https://www.reuters.com/legal/transactional/seadrill-nets-court-approval-cut-debt-exit-bankruptcy-2021-10-26/

This is a steal.

Not to mention a highly speculative trade.
But the risk reward cannot be ignored.

If the company does what they are intending then we’re going to see something ridiculous in terms of PPS.

This might be another huge winner post bankruptcy.

Anybody got something to share about the bankruptcy?

Please and thanks

On watch

So Chap 11?

Is this BK play?

??????????news ??????

https://finance.yahoo.com/news/15-largest-drilling-companies-world-212148550.html

Let it be known:

SDRLF is projected to have a 1y target price of $3.00 dollars. Crude oil is set to exceed $50 dollars per barrel in 2021 by q4. OPEC says Demand for oil & drilling is set to increase by 2 million barrels per day on top of the industry wide 25.6 million barrel a day quota for q1 of 2021 according to the EIA. EIA also forecasts that global consumption of petroleum that averaged 92.9 million b/d in 2020 will average 98.8 million b/d in 2021. Their current assets are still in the billions (so is their liabilities), but a good q1 will likely (which is likely) will push this stock back to where it should be. The P/B value of this stock indicates that is is extremely undervalued at the price of 0.31 p/share (p/b: 0.08). I am optimistic for a 2021 oil recovery, dont lose hope in this one its one of the largest drilling companies in the world. As oil prices go up drilling companies stock will go up with it. BULLISH IN OIL.

Does this company still exist, or are they going under/ bankrupt ?

Here we go
Seadrill Limited (SDRL.OL)
Oslo - Oslo Delayed Price. Currency in NOK
2.6000+0.5560 (+27.20%)

2.60NOK = 0.280659USD

HAMILTON, Bermuda, Sept. 15, 2020 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTCQX: SDRLF) announces its acquisition of the minority holding of 33.76% of the share capital of Asia Offshore Drilling Limited ("AOD").

The consideration for the shares in AOD is USD 31,000,000, and it is expected that completion of the share transfer and payment of the consideration will occur by the end of September 2020. Following completion, Seadrill will, through its subsidiary Seadrill Rig Holding Company Limited, hold 100% of the shares in AOD.

Seadrill Limited (SDRL.OL)
Oslo - Oslo Delayed Price. Currency in NOK
2.92+0.76 (+35.1852%)
1NOK = 0.110608USD
= 0.324 dollar.

SDRL changed to SDRLF. Delisted from the NYSE to the OTC.:

https://otce.finra.org/otce/dailyList?viewType=Additions

* * $SDRL Video Chart 06-08-2020 * *

Link to Video - click here to watch the technical chart video

Just a poster like you. Best of luck to you I'm afraid you're going to need it. 1st BK shareholder took a beating. Remember Seadrill's main business has been deepwater drilling and it's in bad trouble.

Who are you again? That's so funny cause just recently I've warned about Valspar when I bought it at .29/pps. Now it's up to .93/pps!! Don't listen to anybody but myself. Thanks I do my own DD and I always advise people to do the same.

Be Very Careful Of Seadrill paints a bleak picture for the rig sector
02 Jun 2020 12:09 (+01:00 GMT)
London, 2 June (Argus) — Rig operator Seadrill today painted a bleak picture for the drilling sector, which it said is characterised by "too many rigs carrying too much debt".

The Bermuda-based firm said the severity of capital expenditure (capex) cuts by upstream firms will lead to a reduction in exploration programmes and delays in the sanctioning of development programmes, and as a consequence a fall in rates and utilisation for drill rigs. It said this will be felt in the onshore and offshore sectors alike.

Half of Seadrill's fleet was idle as of the end of March, and it said that a number of its rigs "are increasingly unlikely to return to the market and need to be scrapped." To this end it took an impairment charge of $1.2bn in the first quarter of this year.

The firm, which came out of Chapter 11 bankruptcy proceedings two years ago, said there are "substantial doubts" about its ability to continue as a going concern. A process to renegotiate the high level of cash outflow required to service Seadrill's debt with 43 lenders has stalled because of uncertainty arising from low oil prices and the Covid-19 pandemic, although it said its $1.2bn of cash in hand should provide a cushion to allow for a restructuring. It plans to delist from the New York Stock Exchange in the coming months, but will retain a listing in Oslo.

Seadrill made a $1.56bn loss in the first quarter, compared with a $295mn loss a year earlier.

By Ben Winkley

Beware MONEY NEWSJUNE 2, 2020 / 10:17 AM / 5 DAYS AGO
Seadrill warns on future after taking $1.2 billion write-off
Nerijus Adomaitis
2 MIN READ

OSLO (Reuters) - Seadrill announced a writedown of $1.2 billion on the value of its oil drilling rigs on Tuesday and warned its survival hinges on converting parts of its $7.4 billion in debt into equity, sending its shares tumbling.

The company plans to cut 1,400 jobs and lower costs by $130 million over the next 18 months, Chief Financial Officer Stuart Jackson told a conference call.

“Until such time that an agreement is reached to restructure our borrowing commitments, substantial doubt remains over (the) ability to continue as a going concern,” Seadrill said in its first-quarter earnings report on Tuesday.

Seadrill’s Oslo-listed shares traded 15% lower at 1427 GMT and are down more than 80% year-to-date.

Controlled by Norwegian-born shipping tycoon John Fredriksen, the company struggled even before the COVID-19 pandemic as low oil prices curbed demand for rigs.

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Seadrill is hiring bankers and lawyers to overhaul its finances later this year, although it did not name the advisors.

“This industry has two fundamental challenges which are emphasised by recent events - there are too many rigs carrying too much debt,” CEO Anton Dibowitz said. “We recognise, along with others in the sector, that a number of our assets are increasingly unlikely to return to the market and need to be scrapped.”

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Seadrill’s impairment charge assumed that up to 10 of its 35 drilling rigs may be scrapped and the company hopes 50 floating rigs will eventually be removed from the global market, Dibowitz said.

Following the impairment, the company reported a net loss of $1.57 billion for the first quarter versus a loss of $295 million a year earlier.

The company on Monday announced its intention to delist from the New York Stock Exchange this month while maintaining an Oslo listing.

June 3, 2020 Seadrill Q1 revenue was down 19% at $321 million with a lower proportion of reimbursable revenues.
Seadrill
SEADRILL Technical utilization was 95%
Highlights:

Topics: SEADRILL

Technical utilization of 95% and economic utilization of 93%.

Operating Loss of $1,284 million after making material asset impairments.

Adjusted EBITDA of $55 million, representing 17.1% margin.

Net loss attributable to shareholder of $1,564 million equivalent to net loss per share of $15.59.

During the quarter we added $77 million in backlog, maintaining a total backlog figure of $2.5 billion.

Closing cash of $1.2 billion.

Seadrill announces its intention to delist from the New York Stock Exchange (NYSE).

On March 26, 2020, Seadrill received written notice from the NYSE that it was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required, because the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days. On April 8, 2020, the Company provided the required notice to the NYSE, in which the Company stated its intent to seek a cure of its non compliance with the NYSE continued listing standard at that time

Coronavirus company news summary – Seadrill reports $1.56bn net loss – US LNG exports slips to 13-month low
SHARE
3 June

Deepwater drilling contractor Seadrill has reported a net loss attributable to shareholder of $1.56bn in the first quarter as the company continues to combat the challenges arising due to the Covid-19 pandemic. The company has also appointed advisors to assess restructuring alternatives to reduce debt.

US LNG exports have fallen to a 13-month low as the Covid-19 pandemic triggered a global fall in demand according to Reuters who cited the fall in the amount of gas flowing to LNG export plants. In recent weeks, LNG prices crashed due to oversupplies.

Oilfield firm ProPetro Holding estimated that there are 20 hydraulic fracturing fleets operating in the Permian Basin. This is significant fall from 172 running in the US field a year ago, reported Reuters. It comes after several oil and gas companies trimmed spending following Covid-19 pandemic.

Seadrill says another bankruptcy is an option - WSJ
Jun. 3, 2020 2:44 PM ET|About: Seadrill Limited (SDRL)|By: Carl Surran, SA News Editor
Seadrill (SDRL -8.2%) tells WSJ that Chapter 11 bankruptcy is on the table, a day after CFO Stuart Jackson said the downturn due to the coronavirus and the Saudi-Russian oil price had forced the company to abandon what was an "interim solution" to its debt woes and focus on a comprehensive restructuring.

"We are considering all options at this stage, of which Chapter 11 is one," a Seadrill spokesman says, adding the restructuring situation is still fluid. "We anticipate this to take place over the coming year, but it is too early to say for certain."

On yesterday's conference call, Jackson said the company believes it has sufficient liquidity to manage its business as well as the restructuring process.

"From an investment perspective, we've also written down the value of our Seadrill Partners holding to zero, as we expect this entity will move into a comprehensive restructuring of its balance sheets in the coming future," Jackson said.

Nah! No Chap 7. They have over a $billion revenue. May be a takeover in process.

Charter 7 BK could be coming, BP is not renewing contracts in the Gulf of Mexico for two drillships, that have been carrying the company with their high day-rate. Not sure they will survive.

This is the best of all:

Oh really Mr Smarty pants a Billionier invest 510 million and he's gonna let it plummet back down to 2 sure ya okay.

What a genius.

“The difference between stupidity and genius is that genius has its limits”, Albert Einstein.

What an investment!

Wow ur sooo brilliant I bought at 1.51 so top that buddy boi.

This stoppid dog rolled over on his back side and peed all over himself believing in this POS. Who is loading, besides the CEO?


Sorry so old and wise man, you are correct u have it all figured out. It's the same as the sliver deal in the 70's gimme a freakin break aren't we jumping to some major conclusions. I got some great conspiracy theories you can help chase down Mister Ventura, like maybe you can help us find out if the moon is really real??? Whatever the case is, if the price is being propped up till oil comes back that's a good play. I don't believe oil will stay at these levels it never does with so much that effects the price such as OPEC, tensions in the Middle East etc…stick to the movies buddy, maybe hit the DVD player grab some pop corn and go get Geeked out on Enemy of the State!

SDRL Shares Outstanding
100,235,000

Float
72,810,303

Insider Ownership
27.48%

Insitutional Ownership
37.61%

$SDRL Daily Chart..BB's starting to squeeze tighter here signalling a nice move up might be underway soon

6-Month Chart

Looking more like a bottom here $SDRL

Watch SeaDrill Closely!! Once this is back to $1 and holds above for a week, we could see a much larger jump follow.

IMO: Key to maximizing profits is getting in low during this double bottom, before oil prices go back up.

What is going to happen with SeaDrill today? Watching closely as volume picks up

* * $SDRL Video Chart 04-09-2020 * *

Link to Video - click here to watch the technical chart video

I remember being bent over by SDRL so many times it was unfair. Do they only rip off investors?

O.73 and UP Big time.

Whose buying VALUE town now?

* * $SDRL Video Chart 01-08-2020 * *

Link to Video - click here to watch the technical chart video

* * $SDRL Video Chart 12-24-2019 * *

Link to Video - click here to watch the technical chart video

* * $SDRL Video Chart 12-23-2019 * *

Link to Video - click here to watch the technical chart video

* * $SDRL Video Chart 12-19-2019 * *

Link to Video - click here to watch the technical chart video

Top Bullish Penny Stocks to Watch Going into 12.17.2019

$WTI $SDRL $BLDP


https://www.transparenttradersblackbox.com/post/top-bullish-penny-stocks-to-watch-going-into-12-17-2019-wti-sdrl-bldp

check out the link above to see what I'm looking for in each.

Seadrill: Another Debt Restructuring In The Making, But Don't Bet On Bankruptcy This Time
Chairman John Fredriksen resigned, effective immediately.The crook ran with the money!

Seadrill: Another Debt Restructuring In The Making, But Don't Bet On Bankruptcy This Time
Chairman John Fredriksen resigned, effective immediately.The crook ran with the money!

* * $SDRL Video Chart 11-21-19 * *

Link to Video - click here to watch the technical chart video

1.70! Is it value town now, or what?

* * $SDRL Video Chart 10-31-2019 * *

Link to Video - click here to watch the technical chart video

* * $SDRL Video Chart 10-11-2019 * *

Link to Video - click here to watch the technical chart video