BFW 06/01 04:41 *FREDRIKSEN SAYS TOO EARLY FOR DEALS IN RIG MARKET, DN REPORTS
Fredriksen Says Too Early for Deals in Rig Market, DN Reports
2015-06-01 04:48:10.741 GMT
By Jonas Bergman
(Bloomberg) -- Hardly any business for rigs right now, oil
must get back to $80, John Fredriksen says in interview, Dagens
Naeringsliv reports.
* Says there will be possibilities to buy “distress assets”
* Says will continue to build Seadrill, readying co. for
further growth
* Says can provide capital if necessary, but most important to
ensure co. is in best possible shape with healthy financing
* Says decision to cut dividend was right, Seadrill needs to
concentrate on cost cuts, paying down debt
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To contact the editor responsible for this story:
Jonas Bergman at +47-22-00-8213 or
jbergman@bloomberg.net
2015-06-01 04:48:10.741 GMT
By Jonas Bergman
(Bloomberg) -- Hardly any business for rigs right now, oil
must get back to $80, John Fredriksen says in interview, Dagens
Naeringsliv reports.
* Says there will be possibilities to buy “distress assets”
* Says will continue to build Seadrill, readying co. for
further growth
* Says can provide capital if necessary, but most important to
ensure co. is in best possible shape with healthy financing
* Says decision to cut dividend was right, Seadrill needs to
concentrate on cost cuts, paying down debt
Link to Company News:{SDRL NO <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Jonas Bergman at +47-22-00-8213 or
jbergman@bloomberg.net