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Seadrill: Ready To Crash And Burn

2016-03-31 11:38:28| Oil & Gas - Topix.net

SDRL is accepting contracts at dayrates below its break-even point in order to improve fleet utilization, which will have a negative impact on cash flow and margins. After reducing costs by $832 million last year, SDRL can reduce only $260 million in costs this year, indicating that it does not have much room to cut costs.

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