Power Hedge
Macro, energy, alternative energy, contrarian

The Potential Impact Of North Atlantic Drilling's New Partnership Agreement On Seadrill And Shareholders

In my previous report on North Atlantic Drilling (OTCPK:NATDF), I discussed that the company has entered into a preliminary agreement with an oil and gas company to develop the drilling company's harsh environment business. North Atlantic Drilling has not, to date, specified who this partner is. However, the company has stated that this partner has a significant foothold in the Russian Arctic. I suspect that the partner is a Russian oil and gas giant like Rosneft (OTC:RNFTF) or Gazprom (OTCPK:OGZPY). However, speculation regarding the identity of North Atlantic Drilling's strategic partner is not the point of this article. What I am concerned with are the details of this deal regarding control of North Atlantic...

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