Good Quarter but Outstanding Future for SeaDrill

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In this edition, Joel South takes a look at SeaDrill's second quarter. The company had a good quarter, with earnings of $554 million and EBITDA of $634 million, moving closer to its target of $4 billion EBITDA by the end of 2015. The outlook is bright as SeaDrill continues to dominate the ultra-deepwater drilling market, commanding some of the highest dayrates and longest contracts in the industry. Watch the following video for more analysis on this company as well as other offshore competitors.

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The article Good Quarter but Outstanding Future for SeaDrill originally appeared on Fool.com.

Austin Smith and Joel South have no positions in the stocks mentioned above. The Motley Fool owns shares of Transocean and Seadrill. Motley Fool newsletter services recommend Seadrill. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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