Seadrill (SDRL): Billionaire Paul Singer’s Favorite Energy Stock

Elliott’s Stake: $214,718,368

Offshore drilling contractor Seadrill Ltd (NYSE:SDRL) is up 32% truthful acold this twelvemonth amid improving sentiment toward offshore vigor arsenic lipid prices steadfast and declaration enactment picks up—but tin the banal determination higher?

The offshore drilling manufacture is entering an aboriginal upturn rhythm supported by an summation successful deepwater task approvals aft years of underinvestment and a tightening proviso of modern rigs, which is starting to propulsion dayrates higher. Offshore projects are long-cycle by quality and tin past respective years. This makes request much unchangeable erstwhile contracts are awarded.

Regions specified arsenic Brazil, Guyana and West Africa proceed to thrust deepwater activity, wherever Seadrill Ltd (NYSE:SDRL) is good positioned. One of the company’s main strengths is its fleet of modern, high-spec drillships, which are successful greater request arsenic operators absorption connected analyzable wells. Seadrill Ltd (NYSE:SDRL) besides has a backlog of astir $2.5 billion, providing multi-year gross visibility and imaginable upside arsenic older contracts rotation disconnected and are repriced astatine higher rates.

Patient Opportunity Equity Strategy stated the pursuing regarding Seadrill Limited (NYSE:SDRL) successful its Q1 2026 capitalist letter:

“Noble Corporation plc (NE) and Seadrill Limited (NYSE:SDRL) were apical contributors during the archetypal quarter, gaining 75.8% and 31.5%, respectively. Both stocks benefited …… (Click Here to Read the Letter successful Detail).

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