SeaDrill Focuses on Expanding Moat and Its Actions Will Benefit Stockholders
Power Hedge submits:
One of SeaDrill’s (SDRL) strongest competitive advantages is its large fleet of very modern offshore rigs. The company currently owns and operates the newest fleet in the industry and management seems to be very determined to keep it that way. SeaDrill has executed a few actions in the past few weeks that show how committed this company is to retaining its moat over its competitors and this commitment could benefit the company and stockholders. On June 9, 2011, SeaDrill announced that it has ordered a new semi-tender rig from Keppel FELS (KPELF.PK) in Singapore. This $200 million rig is expected to be available for deployment in the second quarter of 2013. SeaDrill currently does not have a contract with any customer for the use of this rig but I have confidence that the company will be able to immediately put it under contract once construction is complete.SeaDrill announced onComplete Story »
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