- Societe Generale raises its rating on Seadrill (SDRL -1.7%) to Hold from Sell but the firm still isn't a fan of the offshore driller, and sees better investment opportunities in Noble Corp. (NE -1.2%), Rowan (RDC -1.5%) and Ensco (ESV -0.9%).
- The firm believes 2014, 2015 and 2016 consensus might now be a bit too low and that the current $3.92 annual dividend (11% yield) might be secure, but in the event of an unexpected harsher scenario of declining oil prices and/or higher interest rates, it finds little reassurance in SDRL, whose net debt could rise to $17.5B by the end of 2015.
- NE, RDC and ESV are the firm's preferred options because they offer only slightly less expected financial rewards for a much lower degree of financial risk.
From other sites
at Nasdaq.com (Apr 9, 2015)
at Nasdaq.com (Mar 24, 2015)
at Nasdaq.com (Mar 12, 2015)
at Benzinga.com (Feb 26, 2015)
at Zacks.com (Feb 26, 2015)
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