It was Seadrill's third earnings report since the company re-emerged from bankruptcy. Revenues were $302 million, or up 3.4% sequentially. The reported loss was $296 million this quarter, or $2.96.

The company repurchased in April $311 million out of $880 million in 12% Senior Secured Notes due in 2025.

I recommend avoiding the stock unless you are prepared to use it as a trading or day trading instrument.

As we all know, the new Seadrill Ltd. (SDRL) emerged from Chapter 11 bankruptcy on July 2, 2018. Long-term shareholders lost practically everything in

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