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.

Independent Stock Specific Research

SDRL: Deal Is Done, Now for the Free Cash Flow

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>We are initiating coverage of Seadrill Ltd. (SDRL) with a Buy Rating and $50 target.</li>
<li>SDRL emerged from Chapter 11 bankruptcy protection in February 2022 and its shares began trading on the NYSE in October 2022</li>
<li>The current environment for drill ships is supportive for the business with day rates rising over the past year. With expectation of no new ship builds to saturate anytime soon</li>
</ul>


We are initiating coverage of Seadrill Ltd. (SDRL) with a Buy Rating and $50 target.
SDRL emerged from Chapter 11 bankruptcy protection in February 2022 and its shares began trading on the NYSE in October 2022
The current environment for drill ships is supportive for the business with day rates rising over the past year. With expectation of no new ship builds to saturate anytime soon


Seadrill

SDRL: A Sea of Profits, Initiating