Diamond Offshore (DO), Transocean (RIG) Will Eventually Follow Seadrill (SDRL) in Cutting Dividend, Says Wells Fargo

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Go back to Diamond Offshore (DO), Transocean (RIG) Will Eventually Follow Seadrill (SDRL) in Cutting Dividend, Says Wells Fargo

Offshore Drillers Decline After Seadrill Suspends Dividend (SDRL) (RIG) (DO) (NADL)

November 26, 2014 7:48 AM EST

Offshore drillers were weak early on Wednesday after Seadrill Ltd. (NYSE: SDRL) said its was suspending its dividend distributions and focusing on debt reduction due to significant deterioration in the broader markets. Peers Transocean (NYSE: RIG), Diamond Offshore... More