Email of the day on Seadrill
Comment of the Day

July 14 2021

Commentary by Eoin Treacy

Email of the day on Seadrill

Thanks for bringing Seadrill to our attention back in April. Given the recent price performance what are your thoughts from a chart and fundamentals perspective? Many thanks and best wishes, Nav

Eoin Treacy's view

Thank you for your email and here is a link to what I last wrote about Seadrill:

Offshore oil supply has been the big casualty of this bear market to date. Seadrill came out of bankruptcy in 2018, fell 98% from the relisting price and filed for bankruptcy protection again on Wednesday. If it can survive through forbearance maybe they can reinvent themselves as offshore wind turbine installers.

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