Seadrill

I have just updated my Seadrill (SDRL.OL) spreadsheet, which I am using to predict Seadrill's future dividend. Unfortunately, I can't upload the spreadsheet to the blog. However, the biggest change was that the spread between 2010 low end estimates and my guess of 2010 revenues keeps closing. For 2011, I estimate that Seadrill will have revenues of almost $3.2 billion. The company is worth 7.1 billion today. I see this as a significant undervaluation of the growth inherent in the company.