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: New Contracts Set Catalyst for 2024

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>SDRL reported third quarter results exceeding expectations and announcing slight extensions to when near-term contracts would expire.</li>
<li>There had been minimal news from SDRL to expect contract extensions. SDRL’s peers had been reporting a slowing in contract activity.</li>
<li>The free cash flow SDRL is generating is being used for stock buy backs with the authorization doubled to a total of $500 million.</li>
</ul>


SDRL reported third quarter results exceeding expectations and announcing slight extensions to when near-term contracts would expire.
There had been minimal news from SDRL to expect contract extensions. SDRL’s peers had been reporting a slowing in contract activity.
The free cash flow SDRL is generating is being used for stock buy backs with the authorization doubled to a total of $500 million.


Seadrill

SDRL: Course for Free Cash Flow