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Seadrill (SDRL -2.4%) orders an additional pair of high specification jack-up drilling rigs at...

Seadrill (SDRL -2.4%) orders an additional pair of high specification jack-up drilling rigs at ~$230M each, as it looks to capitalize on the need to renew the world’s aging jack-up fleet. The latest newbuilds bring to eight the number of jack-ups SDRL has on order from China’s Dalian Shipbuilding, with deliveries due over the next three years, and will increase its jack-up fleet to 29 units.
Comments (5)
  • ComputerBlue
    , contributor
    Comments (681) | Send Message
     
    I can dig it.
    20 Jun 2013, 09:51 AM Reply Like
  • richardod
    , contributor
    Comments (67) | Send Message
     
    Great reason to buy more and a dip as well.
    20 Jun 2013, 10:07 AM Reply Like
  • Trap41
    , contributor
    Comments (9) | Send Message
     
    I'm still worried about the dividend especially since my REITs are
    circling the drain.
    20 Jun 2013, 12:04 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (681) | Send Message
     
    Seadrill's dividend sustainability and any REIT's dividend sustainability would be questioned for two different reasons. Seadrill's dividend is questioned because of payout ratio and debt and REIT's because of interest rates and a few other concerns. Personally, I'm not worried about SDRLs.
    20 Jun 2013, 12:12 PM Reply Like
  • Ilioula
    , contributor
    Comments (29) | Send Message
     
    Sorry to say but...global warming will open the arctic ocean to drilling. SDRL is the best in the business at this, and they have the best and newest fleet. Mr. Fredrikeson has cast the die.
    20 Jun 2013, 05:35 PM Reply Like
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