Seadrill: Leadership Transition, Long-Term Contracts, and Offshore Tailwinds Underpin Buy Rating

In a report released today, Hamed Khorsand from BWS Financial maintained a Buy rating on Seadrill Limited, with a price target of $80.00.

Hamed Khorsand has given his Buy rating due to a combination of factors that have recently strengthened Seadrill’s position. The company has undergone notable positive developments, including a leadership change at the CEO level and the securing of long-term extensions for key assets such as Sonangol Quenguela and West Polaris, with the latter now contracted well into the next decade.

Khorsand also highlights the favorable macro backdrop, as geopolitical risks to Middle East oil supplies increase the appeal of reliable offshore production capacity. While he acknowledges the near‑term contract uncertainty around West Carina, he believes rising offshore rig demand and the resulting visibility into stronger free cash flow by 2027 justify a constructive long‑term view and support his Buy recommendation.