Why Seadrill (SDRL) has a brighter future than shipbuilding peer Frontline (FRO): As the oil...

|About: Seadrill Limited (SDRL)|By:, SA News Editor

Why Seadrill (SDRL) has a brighter future than shipbuilding peer Frontline (FRO): As the oil industry pushes further into deeper waters, SDRL's ships, boring as far as seven miles below the surface, are projected to earn an average $625K/day a year from now, 21% more than in 2011; FRO's large crude carriers earn $30.3K/day, down from an average $97K in 2008.