Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
  <li>Seadrill has emerged from restructuring with a strengthened balance sheet and a strategic focus on its high-specification, modern fleet of offshore drilling rigs, positioning it to capitalize on the current industry upcycle.</li>
  <li>The company has demonstrated commercial success by securing over $300 million in new contracts in Q3 2025, contributing to a robust order backlog of approximately $2.5 billion, which provides significant revenue visibility into 2026.</li>
  <li>Despite a favorable market outlook with rising dayrates, Seadrill faces challenges including recent quarterly net losses, high operational risks, and intense competition, underscoring the inherent volatility of the offshore drilling sector.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Seadrill has emerged from restructuring with a strengthened balance sheet and a strategic focus on its high-specification, modern fleet of offshore drilling rigs, positioning it to capitalize on the current industry upcycle.
  The company has demonstrated commercial success by securing over $300 million in new contracts in Q3 2025, contributing to a robust order backlog of approximately $2.5 billion, which provides significant revenue visibility into 2026.
  Despite a favorable market outlook with rising dayrates, Seadrill faces challenges including recent quarterly net losses, high operational risks, and intense competition, underscoring the inherent volatility of the offshore drilling sector.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Seadrill Ltd (SDRL NO) - Nov 2025

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Transocean's first quarter results for 2025 present a mixed picture of financial performance and strategic positioning.</li><li>The company reported adjusted EBITDA of $244 million on contract drilling revenues of $906 million, resulting in an EBITDA margin of approximately 27%.</li><li>This indicates a relatively stable operational milieu, supported by notable contract extensions such as the one-year extension option for the Deepwater Asgard and a $40 million backlog from contract extensions on the Transocean Equinox.</li></ul>

Transocean's first quarter results for 2025 present a mixed picture of financial performance and strategic positioning.The company reported adjusted EBITDA of $244 million on contract drilling revenues of $906 million, resulting in an EBITDA margin of approximately 27%.This indicates a relatively stable operational milieu, supported by notable contract extensions such as the one-year extension option for the Deepwater Asgard and a $40 million backlog from contract extensions on the Transocean Equinox.

Transocean Ltd.: Will Its Rebound in Offshore Drilling Activity Bring A Shift In The Competitive Dynamics?

<ul><li>Transocean's latest financial results showcase a complex landscape with mixed implications that investors should consider carefully.</li><li>For the fourth quarter of 2024, Transocean reported adjusted EBITDA of $323 million from $952 million in contract drilling revenues, reflecting an EBITDA margin of approximately 34%.</li><li>For the full year, the company achieved adjusted EBITDA of $1.15 billion on $3.5 billion in revenues, with a slightly lower margin of 33%.</li></ul>

Transocean's latest financial results showcase a complex landscape with mixed implications that investors should consider carefully.For the fourth quarter of 2024, Transocean reported adjusted EBITDA of $323 million from $952 million in contract drilling revenues, reflecting an EBITDA margin of approximately 34%.For the full year, the company achieved adjusted EBITDA of $1.15 billion on $3.5 billion in revenues, with a slightly lower margin of 33%.

Seadrill Ltd - Transocean Ltd.: Market Dynamics & Strategic Positioning Fueling Our Positivity!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>SPX is pulling back after hitting all-time highs; the gap at 6750-6772 is short-term support, and it is a clear sign bulls remain in control if this gap remains unfilled.</li>
<li>We will stay near-term bullish as long as the 3+ month uptrend continues (currently at ~6675). Additional supports include 6550-6569, 6480-6520, 6450, 6400-6410, 6340-6360, 6290, 6200, and 6100-6150</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
SPX is pulling back after hitting all-time highs; the gap at 6750-6772 is short-term support, and it is a clear sign bulls remain in control if this gap remains unfilled.
We will stay near-term bullish as long as the 3+ month uptrend continues (currently at ~6675). Additional supports include 6550-6569, 6480-6520, 6450, 6400-6410, 6340-6360, 6290, 6200, and 6100-6150


Magnificent Seven's Turn to Shine; Buy Pullbacks to 3+ Month SPX Uptrend and 50-Day MA

<ul>
<li>We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.</li>
<li>Short-Term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150, and 6028-6059.</li>
<li>Various prior leadership areas from the April lows appear ready to continue higher following 1+ month consolidations. IGV, PLTR, APP, SOUN, RZLV, SHOP, FROG, U, CDNS, RDDT, JMIA, RR, Z,HIMS,MU,GRAL</li>
</ul>


We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.
Short-Term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150, and 6028-6059.
Various prior leadership areas from the April lows appear ready to continue higher following 1+ month consolidations. IGV, PLTR, APP, SOUN, RZLV, SHOP, FROG, U, CDNS, RDDT, JMIA, RR, Z,HIMS,MU,GRAL


Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?

United States

Seadrill Limited operates as an oil and gas field service company. The Company offers drilling contracting services to unlock oil and gas resources for clients across harsh and benign locations. Seadrill serves customers worldwide.

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Seadrill (SDRL US)

Primer: Seadrill Ltd (SDRL NO) - Nov 2025

Seadrill has emerged from restructuring with a strengthened balance sheet and a strategic focus on its high-specification, modern fleet of...

αSK

Transocean Ltd.: Will Its Rebound in Offshore Drilling Activity Bring A Shift In The Competitive Dynamics?

Transocean's first quarter results for 2025 present a mixed picture of financial performance and strategic positioning. The company reported...

Baptista Research

Seadrill Ltd - Transocean Ltd.: Market Dynamics & Strategic Positioning Fueling Our Positivity!

Transocean's latest financial results showcase a complex landscape with mixed implications that investors should consider carefully. For the...

Baptista Research

Magnificent Seven's Turn to Shine; Buy Pullbacks to 3+ Month SPX Uptrend and 50-Day MA

Magnificent Seven's $MAGS Turn to Shine; Buy Pullbacks to 3+ Month $SPX Uptrend and 50-day MA, currently 6655-6680. Buys: $AAPL $TSLA $NVDA $GOOGL...

Vermilion Research

Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?

Downgrading Utilities $XLU to Market Weight; Bullish Outlook Intact; Time for Prior Leadership to Shine? $IGV $PLTR $APP $SOUN $RZLV $SHOP $FROG $U...

Vermilion Research

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