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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (37405)3/28/2011 6:33:05 PM
From: E_K_S  Read Replies (1) of 78534
 
Re: SeaDrill Limited (SDRL)

Seadrill Scores BHP Duo -Seadrill Ltd.
Monday, March 28, 2011
rigzone.com
From the article:"...Alf C Thorkildsen, Chief Executive Officer in Seadrill Management, said, "This is Seadrill's first assignment for BHP. We consider this as an excellent opportunity to develop a strong relationship with BHP, one of the world's largest natural resource companies. Representing a total contract value of US$31 million, the two assignments improve the earnings visibility for our jack-ups in 2011 at market rates."..."
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Another win for Fredriksen and his team. Even though the stock is near an all time high and has a forward PE of 11 and yield of 5.5%, Seadrill may still represent a value buy. I have no position but Fredriksen (& his daughters) know how to make money.

finance.yahoo.com

EKS
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