Seadrill Partners is engaged in owning, operating and acquiring offshore drilling units. Co.'s drilling units are under long-term contracts with major oil companies such as Chevron, Total, BP, ExxonMobil and Tullow. Offshore drillings units are categorized in four rigs: jack-up rigs which are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor; tender rigs conduct production drilling from fixed or floating platforms; semi-submersible rigs operate in a "semi-submerged" floating position; and drillship which are self-propelled ships equipped for drilling in deepwater. We show 9 historical shares outstanding datapoints in our SDLP shares outstanding history coverage, used to compute SDLP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SDLP market cap history over the course of time is important for investors
interested in comparing SDLP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SDLP versus a peer is one thing; comparing
SDLP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SDLP can fluctuate over the course of history.
With this page we aim to empower investors researching SDLP by allowing them to research the SDLP market cap history. |
Free SDLP Email Alerts:
Video: The Importance of Market Cap
