Seadrill partners(SDLP) is an independent company partly owned by bankruptcy threatened driller Seadrill(SDRL). It has some very modern drillships on long contracts with major oil companies and makes a lot of cash.
It also pays out 0.1 USD/quarter in dividend (was suspended, now resumed).
SDLP today managed to detach some debt guarantees that would pull it along should SDRL declare chapter 11.
Stock is up around 20% and looks like a nice bargain to me now it's not at risk from the parent anymore. Being able to buy 0.4 USD/year dividend for around 3.20 USD is pretty good.
Submitted August 17, 2017 at 11:25AM by sp668 http://ift.tt/2wjkUC5
