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SEADRILL Forum: Community User: Spekulatius5c5f62f1d51e1
Kommentare 4.090
2014SG1,
25.04.2017 15:47 Uhr
0
The company has been very transparent about the situation until now. Per Wullf said in the phone interview:
The company's assessment earlier this week that a deal "will likely involve schemes of arrangement or chapter 11 proceedings" is no different from earlier warnings about the risk of bankruptcy protection, the CEO said. "If there's one stakeholder that doesn't want to play with us, well, we might have to do an in-court solution," Wullf said.
"If we can't get them across, it will happen -- we will go to court and get it done because we owe that to the other stakeholders of the company."
The game is pretty clear and we all know what is at stake here.
Trying to explain quickly what may happen the next few months:
The paramount question for all shareholders is very simple to formulate here:
What will be the remaining stake awarded to shareholders in the new Seadrill stock, when the new deal (out-of-court or chapter 11) is completed and dilution takes effect?
We have nothing of substance to really forecast what will happen, yet. However, I sense a potential move towards a solution out-of-court, assuming that the bondholders agree to the deal, which will be a challenge.
My thinking is that Seadrill will strike a deal similar to what Hercules Offshore (NASDAQ:HERO) indicated in June 18, 2016. HERO could not find a solution out-of-court, thereby, the company filed for a restructuring plan called the Restructuring Support Agreement ("RSA") under chapter 11.
The Parties intended to carry out the Restructuring through a "pre-packaged" or "pre-negotiated" plan of reorganization.
2014SG1,
25.04.2017 15:46 Uhr
0
Investment theory:
Seadrill has struggled with its large debts, and is working hard to get all the lenders and the stakeholders on the same page and agree to a practical solution, in which shareholders will eventually avoid a bloodbath. No less than 42 banks are involved in the process...
On April 4, 2017, we learned from Seadrill that another delay has been agreed to finalize the restructuring plan. Bloomberg wrote:
The company announced on Tuesday that it reached an agreement with its banking group to extend a series of key dates, including the maturity on three facilities totaling about $3 billion. The milestone to implement a restructuring plan was extended to July 31 from April 30 and the related covenant amendments and waivers were pushed back to Sept. 30 from the end of June.
Mikael Holter from Blomberg news interviewed by phone, CEO Per Wullf about why the company decided to push back a negotiation deadline.
Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, pummeled by a massive plunge in its stocks and bonds, said a deal is in sight after managing to again push back a negotiation deadline. "We don't just kick the can down the road," Chief Executive Officer Per Wullf said in a phone interview on Friday. "It's because we see there is a deal in sight, it just takes a longer time for us to do that." The company still targets raising about $1 billion in new capital, which is unchanged from an estimate in January. But the current plan is "different" from the earlier version, Wullf said, confirming comments from Fredriksen this week. What shape Fredriksen's contribution will take remains to be seen, and could come as a loan, new equity, or both, the CEO said. Whatever happens, "we all have to take a little bit of medicine," Wullf said.
A
AR8ttkkkk,
25.04.2017 15:07 Uhr
0
Kannst du das Interview mal hier reinstellen?
2014SG1,
25.04.2017 12:34 Uhr
0
Seadrill - Per Wullf Said: 'There Is A Deal In Sight' And 'We All Have To Take A Little Bit Of Medicine'
https://seekingalpha.com/article/4064772-seadrill-per-wullf-said-there-deal-sight-we-take-little-bit-medicine
Wahrscheinlich musst du die App installieren, um den Artikel voll zu lesen.
D
Das,
25.04.2017 10:54 Uhr
0
Der Umsatz zeigt großes Interesse an der Aktie in den USA.
Wo kann man das Interview sehen oder lesen?
K
Kapi1.,
25.04.2017 9:05 Uhr
0
Würde mir mal das Interview mit dem ceo durchlesen was soll der Umsatz aussagen?!
D
Das,
25.04.2017 8:09 Uhr
0
In NY waren gestern 5 Millionen Umsatz, das wird schon werden
D
Das,
25.04.2017 7:43 Uhr
0
Wir brauchen endlich gute News
Magic_Jack,
24.04.2017 22:45 Uhr
0
Mein EK liegt bei 2,9. :(
D
DenManTau3,
24.04.2017 22:18 Uhr
0
Nööö...könnte ein Bööden wördön...gröns...
L
LordofStocks,
24.04.2017 22:13 Uhr
0
Oje. Geht immer weiter abwärts
D
Das,
21.04.2017 20:32 Uhr
0
Welchen Einkaufskurs hast du?
Magic_Jack,
21.04.2017 19:38 Uhr
0
Also wenn ich da nochmal ohne Verlust raus komme, dann saufe ich auch ne Buddel voll Rum. :)
D
Das,
21.04.2017 19:10 Uhr
0
In NY fast 3 Millionen Umsatz und steigende Kurse
D
Das,
21.04.2017 8:32 Uhr
0
Ich habe ein kleines Plus, ich habe nur wenige gekauft
G
Gehtdoch33,
21.04.2017 8:16 Uhr
0
Denke mal eher nen App Fehler.
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