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.

Equity Bottom-Up

<ul><li>In a potentially transformative move for the offshore drilling industry, Transocean Ltd. is in discussions to merge with its competitor, Seadrill Ltd., a combination that could reshape the landscape of offshore drilling as the sector experiences renewed vitality.</li><li>With steady oil prices and dwindling production growth from US shale, the offshore drilling space, especially in deep waters, is surging back to prominence, bringing Seadrill’s assets into a favorable light as an acquisition target.</li><li>Seadrill, a Hamilton, Bermuda-based company, has been actively restructuring its operations and focusing on key geographies to optimize its rig fleet, boasting impressive uptime metrics.</li></ul>

In a potentially transformative move for the offshore drilling industry, Transocean Ltd. is in discussions to merge with its competitor, Seadrill Ltd., a combination that could reshape the landscape of offshore drilling as the sector experiences renewed vitality.With steady oil prices and dwindling production growth from US shale, the offshore drilling space, especially in deep waters, is surging back to prominence, bringing Seadrill’s assets into a favorable light as an acquisition target.Seadrill, a Hamilton, Bermuda-based company, has been actively restructuring its operations and focusing on key geographies to optimize its rig fleet, boasting impressive uptime metrics.

Transocean Eyes Seadrill for a Strategic Merger – Here’s Why It Could Be a Game Changer!

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

<ul>
<li>SDRL ends third quarter 2024 with focus turned on timing of acceptance for West Auriga and West Polaris to begin work in Brazil. </li>
<li>The latest Marine Traffic data suggests West Auriga has arrived in Brazil while West Polaris is setting sail for Brazil now.</li>
<li>The offshore drill ship owners have been wrestling with timing of new contracts after a series of delays in contract activity. </li>
</ul>


SDRL ends third quarter 2024 with focus turned on timing of acceptance for West Auriga and West Polaris to begin work in Brazil. 
The latest Marine Traffic data suggests West Auriga has arrived in Brazil while West Polaris is setting sail for Brazil now.
The offshore drill ship owners have been wrestling with timing of new contracts after a series of delays in contract activity. 


<ul>
<li>SDRL reported second quarter results with similar commentary as its peers had previously provided. Current market conditions have resulted in contract awards being delayed even though day rates hold steady</li>
<li>The shift in the environment has meant SDRL is no longer expecting short-term drilling work in the second half for two of its vessels, Sevan Louisiana and West Phoenix. </li>
<li>In 2025, SDRL is set to enhance its operations in Brazil with the addition of two vessels operating at high day rates.</li>
</ul>


SDRL reported second quarter results with similar commentary as its peers had previously provided. Current market conditions have resulted in contract awards being delayed even though day rates hold steady
The shift in the environment has meant SDRL is no longer expecting short-term drilling work in the second half for two of its vessels, Sevan Louisiana and West Phoenix. 
In 2025, SDRL is set to enhance its operations in Brazil with the addition of two vessels operating at high day rates.


External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Seadrill is a $3.4 billion offshore drilling company headquartered in Houston, TX.</li><li>The company is expected to generate significant EBITDA and free cash flow in 2023.</li><li>Seadrill has a net cash position and is in a strong strategic position compared to its competitors, potentially yielding a return of 175-200% within the next two years.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Seadrill is a $3.4 billion offshore drilling company headquartered in Houston, TX.The company is expected to generate significant EBITDA and free cash flow in 2023.Seadrill has a net cash position and is in a strong strategic position compared to its competitors, potentially yielding a return of 175-200% within the next two years.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Seadrill Ltd (SDRL) - Sunday, Mar 31, 2024

<ul>
<li>SDRL reported first quarter results updating investors on the state of offshore drilling market that has shown little signs of change. Day rates have slowly climbed since last year</li>
<li>SDRL disclosed a new contract for Sevan Louisiana. There was a considerable amount of time spent on the earnings call for the vessel and it's 45-day contract.</li>
<li>SDRL has entered a definitive contract to sell its three jack-up rigs and the joint venture stake that operates them for $338 million.</li>
</ul>


SDRL reported first quarter results updating investors on the state of offshore drilling market that has shown little signs of change. Day rates have slowly climbed since last year
SDRL disclosed a new contract for Sevan Louisiana. There was a considerable amount of time spent on the earnings call for the vessel and it's 45-day contract.
SDRL has entered a definitive contract to sell its three jack-up rigs and the joint venture stake that operates them for $338 million.


United Kingdom

Seadrill Ltd. provides offshore deepwater drilling. The Company operates a fleet for operations in shallow to ultra-deepwater areas in harsh and benign environments. Seadrill's fleet includes semi-submersible rigs, deepwater drillships, jack-ups, semi-tender rigs, and tender rigs.

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Seadrill Ltd (SDRL NO)

Transocean Eyes Seadrill for a Strategic Merger – Here’s Why It Could Be a Game Changer!

In a potentially transformative move for the offshore drilling industry, Transocean Ltd. is in discussions to merge with its competitor, Seadrill...

Baptista Research

SDRL: A Brazilian Voyage

We are updating our earnings numbers after the latest Marine Traffic report put West Auriga in Brazil while West Polaris is setting sail for Brazil...

BWS Financial Inc

SDRL: Pacing Out the Year

SDRL's management repeated commentary that had been shared by peers about contract activity having slowed. For SDRL, this means there is limited...

BWS Financial Inc

Seadrill Ltd (SDRL) - Sunday, Mar 31, 2024

Seadrill is a $3.4 billion offshore drilling company headquartered in Houston, TX. The company is expected to generate significant EBITDA and free...

Value Investors Club

SDRL: Drilling for Cash Flow

Day rates have continued to move higher, and we expect contract activity to pick up in the second half of the year. SDRL announced the sale of its...

BWS Financial Inc

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