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SDRL

Seadrill Limited

6/18/2013, 2:45 AM ET

Quote & Headlines Market Currents StockTalk

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| Dividends
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| On the move

Monday, June 17, 10:49 AM Frontline (FRO +23%) soars after John Fredriksen backs the sector for gains due to "high growth" in LPG production. Other shipping stocks on the move: Ship Finance International (SFL) +1.5%, Seadrill (SDRL) +1.2%, StealthGas (GASS) +3.4%, GasLog (GLOG) +3.2%. 7 Comments [Consumer]
Wednesday, June 5, 5:15 PM Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire. The rig market looks strong for another three to five years, he says, which bodes well for Seadrill (SDRL), which has an aggressive growth strategy with 19 new rigs incoming. 2 Comments [Energy]
Tuesday, May 28, 7:42 AM More on Seadrill's (SDRL) Q1 results: Says Q1 was its best-ever operating quarterly result and expects continued strength in Q2. Operating profit for floaters - SDRL's largest segment - was flat, but operating profit for jack-up rigs was $145M vs. $67M a year ago. Overall operating margin narrowed to 38.8% from 43.4%; operating expenses jumped 30%. Shares +2.8% premarket. 1 Comment [Energy, Earnings, On the Move]
Tuesday, May 28, 6:31 AM Seadrill (SDRL) announces 3.5% increase in quarterly dividend to $0.88/share, representing an annual yield of 8.81%. (PR) 7 Comments [Dividends]
Tuesday, May 28, 6:06 AM Seadrill (SDRL): Q1 EPS of $0.85 beats by $0.21. Revenue of $1.27B. (PR) 6 Comments [Earnings, Breaking News]
Tuesday, May 28, 12:05 AM Notable earnings before Tuesday's open: BNS, CSIQ, SDRL, TIF Comment! [Earnings]
Monday, May 27, 5:30 PM Notable earnings before Tuesday's open: BNS, CSIQ, SDRL,TIF Comment! [Earnings]
Thursday, May 9, 6:35 PM Energy stocks bubbled up as top ideas several times at the Ira Sohn investment conference. David Einhorn endorsed Oil States (OIS) if it elects to go the REIT route with its unique side business, Jonathon Jacobson reiterated questions swirling about how Linn Energy (LINE) accounts for hedging gains, and Tor Olav Troim talked up deepwater drillers including Seadrill (SDRL). Comment! [Energy, Quick Ideas]
Wednesday, May 1, 2:27 PM Seadrill Partners (SDLP) is initiated with a Buy at Global Hunter, which likes SDLP's young fleet that's highly contracted with major oil companies and anticipates a long runway of attractive distribution growth driven by dropdown acquisitions from parent Seadrill (SDRL). The firm sees limited downside risk given SDLP's IDR/subordination structure and ample distribution coverage cushion. Comment! [Energy, Quick Ideas]
Tuesday, April 16, 4:28 PM Seadrill (SDRL) secures a contract with LLOG Bluewater for the ultra-deepwater new-build drillship West Neptune offshore Gulf of Mexico. The rig will be capable of water depths up to 12K ft. and drilling depths up to 37K ft. SDRL says potential revenue for the primary three-year contract term is ~$662M. 10 Comments [Energy]
Thursday, April 11, 8:36 AM Statoil (STO) reportedly is forced to postpone drilling a pair of wells in Norway’s extreme north until next year due to delays on delivery of the Seadrill (SDRL) rig to be used in the campaign. STO has said it remains confident in starting its Barents Sea campaign shortly despite ongoing issues with the rig, which was boarded by Greenpeace activists earlier this week. 3 Comments [Energy, Global & FX]
Tuesday, March 19, 12:35 PM Rowan (RDC -3%) says it's open to forming a tax-advantaged partnership for some of its rigs, CEO Matt Ralls says, but will let another rig contractor such as Transocean (RIG) prove the effectiveness of the MLP structure first. “The jury’s still out" on the Seadrill (SDRL) partnership, Ralls says: “When you look at the way their stock trades, it’s not clear they’ve improved." Comment! [Energy, On the Move]
Tuesday, March 12, 12:09 PM The potential of West Africa’s emerging pre-salt play and big gas discoveries off East Africa are set to drive an 18% leap in annual drilling expenditure to more than $17B across the region over the next five years, GBI Research predicts. Rig contractors such as Seadrill (SDRL) and Ensco (ESV) operating modern units designed for Africa’s deepwater plays are set to cash in on the prospecting surge. 10 Comments [Energy, Global & FX]
Thursday, February 28, 7:27 PM More on Seadrill (SDRL): Q4 beats on its top line as net earnings swung to a profit on stronger revenue and the offshore-drilling contractor benefited from a change in an unrealized gain on marketable securities. Operating profit for floaters, the company's largest segment, dropped 7.3%, while the jack-up rigs business reported a 44% rise. Operating expenses meanwhile, climbed 24% to $774M. Shares +0.6% AH. 4 Comments [Earnings, Energy]
Thursday, February 28, 5:50 PM Seadrill (SDRL): Q4 EPS of $0.04 may not be comparable to consensus of $0.58. Revenue of $1.22B beats by $110M. (PR) 3 Comments [Earnings, Breaking News, Energy]
Thursday, February 28, 12:05 AM Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE Comment! [Earnings]