Seadrill (NYSE:SDRL) recently reported its 2Q15 results and amidst the bearish industry outlook, there are reasons to be positive on the stock. Seadrill is a value investment at current levels after the stock declined by 37% in YTD15 and by 79% in the last year. This article discusses the key reasons to be bullish on Seadrill.
Before moving to the main discussion, Seadrill doesn't seem likely to surge any time soon and therefore the investment horizon has to be for two to three years. In addition, I would caution investors that big exposure should be avoided in the offshore drilling sector. While the sector has value, investors still need to be cautiously optimistic. Continue Reading »