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3 Reasons to Buy SeaDrill

In this edition, Joel discusses reasons investors have been excited about SeaDrill (NYSE: SDRL  ) . With the increase in national oil companies, publicly traded integrated oil and gas firms are finding it progressively more difficult to find viable reserves. One trend is offshore drilling, and SeaDrill has positioned itself to capitalize by using current technology to attract customers looking for safe and efficient rigs. With new high-performance rigs and a quality dividend, is SeaDrill right for you? Find out more in the following video.

SeaDrill is one of the most exciting companies in the oil services industry, but like most growing firms, it can be risky while it traverses the dangerous business cycle expected in the energy sector. If you're looking for another company that's a leading provider of equipment and components used in drilling and production operations, then check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.

Joel South owns shares of ExxonMobil. The Motley Fool owns shares of Transocean, Seadrill, and ExxonMobil. Motley Fool newsletter services recommend Seadrill. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (5) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 17, 2012, at 4:41 PM, ukarl101 wrote:

    JOEL shortage of rigs????? did you ever bother to count how many are sitting idle???? think be informed.....ka....

  • Report this Comment On July 18, 2012, at 8:15 AM, asanr1247 wrote:

    "did you ever bother to count how many are sitting idle"?

    May I ask you (ukarl101) the same question? How many rigs are sitting idle? Are any of Seadrill's rigs sitting idle? I suspect I won't get an answer to my question.

  • Report this Comment On July 18, 2012, at 10:32 AM, TMFTheWhisperer wrote:


    For June 2012, there was a total of 78 Drillships (91% utilized), 380 Jackups (83% utilized) and 186 semisubs (91% utilized).

    SeaDrill has 66 rigs and all but one are booked out.

    These are the reasons I claimed there is a shortage of rigs. The worldwide utilization rates are historically extremely high. The rigs have to be docked for maintenance, shipped to new locations etc.... so rates in the eights and nineties, plus the amount of companies with backlogs for new rigs suggests there is a shortage.

  • Report this Comment On July 30, 2012, at 1:05 PM, mikevr1463 wrote:

    Hi Joel:

    In the interest of the touted "balanced views for MF", why haven't you also included your "Three reasons for selling SDRL" that you had also published on you tube on July21


    I am sure it was only an oversight on your part :-)



    long WPRT, CLNE, GTLS, and HEK

  • Report this Comment On August 03, 2012, at 9:09 PM, mikevr1463 wrote:

    Hi JOEL: I see you got published on MF on August 3, 2012 this same(?) article "3 reasons to sell SDRL

    Why does this same (?) article appear more than 12 days after you first published it on YouTube?

    I suspect that MF doesn't routinely delay publishing videos that oppose David's recommendations.



    Mike long on WPRT, CLNE, GLTS, & HEK

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