Seadrill's stock down 50 percent in two months

John Fredriksen and the other Seadrill shareholders have seen the stock price and value of the company plunge significantly in the past two months, writes Dagens Næringsliv.

Photo: Photo: Seadrill

The stock price for rig company Seadrill has been cut in half in two months.

On paper, the price drop has cost shareholders, including John Fredriksen, more than NOK 10 billion (USD 1.15 billion) writes Norwegian business daily Dagens Næringsliv. The drop correlates with the development in the oil price, which has also been declining in the same period.

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