Seadrill: Is the Worst Over?

On Nov. 26, Seadrill (SDRL) sent investors fleeing when the offshore driller eliminated its dividend. Yesterday, Goldman Sachs decided it was the perfect time to upgrade Seadrill’s shares. Analyst Henry Tarr and team explain why: Reuters We upgrade Seadrill to Neutral from Sell following sharp underperformance. The stock fell 18% yesterday (November 26) after the [...]