In this video, Fool analyst Jim Mueller spells out some key areas that investors in SeaDrill (NYSE:SDRL) need to watch, including utilization rates, leasing rates, deepwater rates, and contract renewals.

Austin Smith owns shares of Seadrill. Jim Mueller owns shares of BP p.l.c. (ADR) and Seadrill. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill. 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.