August 29, 2012
In this edition, Joel South takes a look at SeaDrill's second quarter. The company had a good quarter, with earnings of $554 million and EBITDA of $634 million, moving closer to its target of $4 billion EBITDA by the end of 2015. The outlook is bright as SeaDrill continues to dominate the ultra-deepwater drilling market, commanding some of the highest dayrates and longest contracts in the industry. Watch the following video for more analysis on this company as well as other offshore competitors.
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