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Stock Market & Financial Investment News

News Breaks
November 16, 2012
06:51 EDTSDRLSeadrill upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Seadrill citing deleveraging efforts and ultra-deepwater rig build-out. Price target raised to $48 from $45.
News For SDRL From The Last 14 Days
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January 31, 2016
15:50 EDTSDRLSeadrill expands cost cuts, Bloomberg says
In a Bloomberg interview published Sunday, Seadrill CEO Per Wullf said the company's cost cutting efforts this year will exceed the $200M target previously announced in November. Nearly 80% of the 2016 cuts are sustainable, Wullf told the publication. The Chief Executive noted that, in terms of the floating rig market, "we're likely to be at the end of 2017 before this starts being fun again," while adding that he would now accept a $300,000 day rate for an idle floating rig on a 12-month or longer contract. Reference Link

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