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Stock impact report

What Does Wall Street See in Seadrill Partners Over Other Rig Companies? [The Motley Fool]

Seadrill Limited Common Shares (SDRL) 
Last seadrill limited common shares earnings: 8/25 04:01 pm Check Earnings Report
US:NYSE Investor Relations: seadrill.com/investor-relations.aspx
Company Research Source: The Motley Fool
The news at Seadrill Limited has been far from good, but shares of subsidiary Seadrill Partners were way up last month. What happened? This past month was a tough one for offshore rig companies. While drilling activity is starting to pick back up on land in North America, work offshore has yet to pick up. In the face of the backdrop, it's a little surprising to see that Seadrill Partners ( NYSE:SDLP ) saw gains of 17% in February while other rig comanies such as Ensco ( NYSE:ESV ) and Seadrill Partners' parent company Seadrill Limited ( NYSE:SDRL ) posted double digit losses.  How on earth can a subsidiary see its stock soar when its parent company looks to be in death throes? Image source: Getty Images. So what? The market moves in mysterious ways sometimes, and this is one of those times that is hard to crack in terms of why these stocks are moving the way that they are. Probably the best place to start is on Jan. 31st, when Seadrill announ Show less Read more
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