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Can Seadrill Manage an Offshore Building Boom?

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The biggest risk facing the offshore drilling industry is a potential oversupply of rigs currently being built. Seadrill (NYSE: SDRL) alone has 27 rigs under construction, which could either drive earnings growth or result in dropping dayrates. Contributor Travis Hoium thinks industry trends are still heading in the right direction and Seadrill is still the top stock in offshore drilling. 

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