Even the best company in a particular industry can get dragged down in a slow market, and Seadrill (NYSE:SDRL) is no exception. A lack of new contracts led to a decline in Seadrill's utilization rate below 90% for the first time in two years. But considering that it still has a 20 percentage point advantage over both Ensco (NYSE:ESV) and Transocean (NYSE:RIG), it goes to show how strong the company is in relation to its competition. 

As Seadrill and the rest of the industry work through this down market, a few quarters of less than stellar performance can be expected. Long term, though, there is one thing that investors need to keep an eye on for the rest of this year. Find out what that is by tuning into the video below. 

OPEC and Russia are absolutely terrified of this game-changer
Oil and gas production from places all over the world is changing the dynamics of the market. Much of that movement has been thanks to major strides in oil and gas drilling technology, and one behind-the-scenes energy giant is at the epicenter of this movement. Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click here to uncover the name of this industry-leading stock.

Tyler Crowe owns shares of Seadrill. You can follow Tyler at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter,@TylerCroweFool.

The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill and Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

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