Financial PerformanceSDRL reported higher than expected adjusted EBITDA for the third quarter and raised guidance for the rest of 2024.
Future Growth PotentialThere is likely to be a significant step up in cash flow in 2026 as legacy lower-priced contracts roll into new, much better rates.
Mergers And AcquisitionsA combined Transocean and Seadrill company would be the largest offshore operator by far, potentially valued more highly due to the larger market share.