Seadrill Limited Ordinary Shares (Bermuda) NYSE:SDRL Strong Buy issued by Shayne Heffernan with a $60 2012 price target. Company has a dividend yield over 7% and is in one of the world’s hot sectors.

Seadrill Limited Ordinary Shares (Bermuda) NYSE:SDRL Seadrill is a leading offshore deepwater drilling company, aiming to be our customers’ most important partner in making oil and gas available in a safe and cost-effective manner.

The company operates a versatile fleet of 56 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments.

It operates three business segments. The Mobile Units business segment offers services including drilling, completion and maintenance of offshore wells.
The Tender Rigs business segment operates self-erecting tender rigs and semi-submersible tender rigs.

The Well Services business segment provides services using platform drilling, facility engineering, modular rig, well intervention and oilfield technologies.
SeaDrill Limited operates through subsidiaries in Bermuda, Norway, Cayman Islands, British Virgin Islands, Cyprus, Nigeria, Liberia, Hungary, Singapore, Brazil, Hong Kong, Panama, the United Kingdom, Denmark, Malaysia, Brunei and the United States.

SeaDrill’s primary objective is to profitably grow our business to increase long-term distributable cash flow per share to shareholders.

SeaDrill’s business strategy is to focus on modern state-of-the-art offshore drilling units with a main focus on deepwater operations. SeaDrill believe they have one of the most modern fleets in the industry and believe that by combining quality assets and experienced and skilled employees they will be able to provide customers with safe and effective operations, and establish, develop and maintain a position as a preferred provider of offshore drilling services for customers.

SeaDrill believe that a combination of quality assets and highly skilled employees will facilitate the procurement of term contracts and premium dayrates.

SeaDrill have grown the company significantly from its incorporation in 2005 and have strong ambitions to continue the growth.

SeaDrill believe that the combination of term contracts and quality assets will provide an opportunity to obtain debt financing for such growth, and allow them to increase the return on invested equity.

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Posted by Shayne Heffernan on Jan 12th, 2011and filed underEconomics, Economy, Emerging Markets, Energy, Energy, Equities, Exclusive, Foreign Exchange, Futures, Heating Gas, Heffernan Capital Management, Hot Topic, In Depth, Industrials, Issaree Suwunnavid, Latest News, Limelight, Market News, Mining, Natural Gas, News & Events, Oil, Oil, Oil & Gas, Shayne Heffernan, Shipping, Special Reports, Transport, USA, World News.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site