Hot Warren Buffett Companies To Invest In Right Now

Hot Warren Buffett Companies To Invest In Right Now: Seadrill Limited(SDRL)

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industries worldwide. It also offers platform drilling, well intervention, and engineering services. As of March 31, 2011 the company owned and operated 54 offshore drilling units, which consist of drillships, jack-up rigs, semisubmersible rigs, and tender rigs for operations in shallow and deepwater areas, as well as in benign and harsh environments. Seadrill Limited was founded in 1972 and is based in Hamilton, Bermuda.

Advisors' Opinion:

• [By Ben Levisohn]

  Don’t expect offshore drillers like Transocean (RIG) and Seadrill (SDRL) to get in on the action. Slorer explains why:

  Land drillers / pressure pumpers may be approaching valuation support levels and could be triggered to consolidate if current weakness persists. The theme could nevertheless be premature in offshore drilling as larger players (Diamond Offshore Drilling (DO)/Transocean/Seadrill) are still addressing dividend concerns while smaller companies (Atwood Oceanics (ATW)/Pacific Drilling (PACD)) still trade close to replacement value.

• [By Johanna Bennett]

  Services companies and offshore drillers suffered sharper drops. Halliburton fell 2% to $51.60. Meanwhile, Transocean (RIG) fell 3.75% to $26.07, while Diamond Offshore and Seadrill (SDRL) each fell 3.5%. Noble (NBL) fell 2.86% to $53.63.

• [By Ben Levisohn]

  Brooks and Griffith also noted yesterday that the “oil service industry remains under pressure, with asset-heavy companies the most affected.” As a result, they cut their target on Seadrill’s (SDRL) Norwegian shares to NKr 125, and reduced estimates by 14% for 2015 and by 26% for 2016. Needless to say, they have Transocean and Seadril! l rated Sell.

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-warren-buffett-companies-to-invest-in-right-now-2.html