Thursday, May 03, 2007

Seadrill

Seadrill has a market cap of $6.86 billion. Their current contract backlog is $5.6 billion. They have 3 ultra-deepwater rigs under construction that aren't yet under contract. That's worth $3 billion in contracts. They own $500 million in Akers Drilling. Total $9.1 billion, or $22.75 per share.

I will buy with real money as soon as I get the $5000 minimim required for overseas orders. I am willing to sell FRO, ADBE, and CNE.

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