Unless you're an avid reader of Scandinavian Oil-Gas Magazine, you probably missed the latest deepwater dish: Seadrill has entered into a sale/leaseback transaction with dynamic dividend payer Ship Finance International
Unlike Noble's
In addition to being the man behind Seadrill and Ship Finance, billionaire John Fredriksen is also responsible for turning Frontline
Granted, Seadrill isn't the first driller to execute one of these transactions -- Pride International
Unlike Transocean's
Related Foolishness:
- Seadrill's been having difficulty swallowing its Pride.
- This driller's eating up the renewed attention.
- Noble's a deepwater dynasty.