Yes, Seadrill Still Has a Debt Problem
December 19, 2014 at 11:04 AM EST
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 [...]