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Seadrill's Big New Rig

A look at the ultra-deepwater sector.

By Taylor Muckerman – Nov 16, 2012 at 6:09PM EST

In this video, Motley Fool Energy Analyst Taylor Muckerman tells us about Seadrill's (SDRL +0.00%) 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.

Read Next

About the Author

Taylor Muckerman
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.
XMFrunAMuck

Stocks Mentioned

ConocoPhillips Stock Quote
ConocoPhillips
NYSE: COP
$121.89
(+1.35%)+$1.63
Transocean Stock Quote
Transocean
NYSE: RIG
$6.36
(+1.27%)+$0.08

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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