What to Expect From Seadrill Ltd in 2018
At the company's peak in 2013, shares of offshore drilling giant Seadrill Ltd (NYSE: SDRL) traded for more than $45 each, and the company paid investors $3.93 in dividends the last four quarters it made a payout. Fast-forward a scant four years later, and the company is in bankruptcy proceedings... and you can buy (though I wouldn't suggest you do) shares for around $0.27 each.
And while there's very little hope for current shareholders to come out ahead when Seadrill does emerge from bankruptcy, the company will almost certainly be much stronger and potentially one of the biggest and best offshore drillers on the water. And that could make it a compelling future investment that at least makes it worth watching.
Image source: Seadrill Ltd.
Source: Fool.com
