Yes, Seadrill Still Has a Debt Problem

Goldman Sachs analyst Henry Tarr and team are still worried about Seadrill (SDRL)–even after the beaten-up offshore driller cut its dividend last month. So worried, in fact, that they cut their rating on Seadrill to Sell from Neutral today. They explain why: Although Seadrill has already cut its dividend, we believe there is still significant [...]
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