Why Seadrill Ltd. Stock Rocketed More Than 27% in September [The Motley Fool]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: The Motley Fool
Dual fuels boosted the offshore driller’s stock last month. Matthew DiLallo ( TMFmd19 ) Oct 8, 2018 at 9:28AM What happened Shares of Seadrill Ltd. ( NYSE:SDRL ) took off in September, ending the month 27.3% higher, according to data provided by S&P Global Market Intelligence . Driving the buying spree was the word that the company plans to be active in the mergers and acquisitions market and news that it signed a contract for at least one new offshore well. So what A wave of merger activity has swept across the offshore drilling sector in recent years. The latest news came on Monday when Ensco ( NYSE:ESV ) announced that it had agreed to buy Rowan in a $12 billion deal. That transaction occurred on the heels of Transocean 's ( NYSE:RIG ) agreement earlier last month to acquire Ocean Rig for $2.7 billion . Before that,
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News
- Seadrill Limited Files its 2023 Annual Report on Form 20-FBusiness Wire
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- Seadrill 2024 Annual General Meeting of ShareholdersBusiness Wire