In this video, Motley Fool Energy Analyst Taylor Muckerman tells us about Seadrill's (SDRL) big new $590M purchase: an ultra-deepwater semi-submersible rig. Muckerman tells us how this should have an immediate impact on both the company's cash flow and overall finances. He also discusses some other expansion plans for the ultra-deepwater sector.
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A look at the ultra-deepwater sector.
Taylor Muckerman owns shares of Ensco. The Motley Fool owns shares of Transocean and Seadrill. Motley Fool newsletter services recommend Seadrill. 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.
Stocks Mentioned
ConocoPhillips
COP
$94.22
(-1.46%)
$-1.40
SeaDrill Limited
SDRL
Transocean
RIG
$2.73
(-4.39%)
$0.12
Marathon Oil
MRO
Valaris plc
VAL
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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