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Stock Market & Financial Investment News

News Breaks
January 29, 2013
05:39 EDTSDRLSeadrill initiated with an Overweight at JPMorgan
News For SDRL From The Last 14 Days
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January 22, 2015
09:16 EDTSDRLOn The Fly: Pre-market Movers
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08:49 EDTSDRLNorth Atlantic Drilling says Seadrill to back 2018 bond in trade for amendments
North Atlantic Drilling (NADL) announces the launch of an amendment process whereby Seadrill Limited (SDRL) will provide a guarantee for the company's NOK 1.5B bond maturing in 2018, in exchange for some amendments to the bond covenant package, namely replacing the NADL's current financial covenants with Seadrill's financial covenants from Seadrill's NOK denominated bonds. Concurrent with the amendment process for the Bond Agreement, NADL has also launched an amendment process for its secured credit facilities whereby Seadrill Limited will provide a guarantee. Successful conclusion of this process will amend the terms of the loan agreements to align with the terms set forth in Seadrill Limited's loan agreements. "The company's lenders have been supportive thus far and we expect successful conclusion of this amendment in the weeks to come," the company stated. North Atlantic Drilling shares are up 19% in pre-market trading following the announcement.
January 12, 2015
13:14 EDTSDRLSeadrill volatility elevated as shares at six-year low
Seadrill January call option implied volatility is at 77, February is at 75, April is at 84; compared to its 26-week average of 45 according to Track Data, suggesting large near term price movement.

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