Danske Bank lowers target price for Seadrill and Borr Drilling to NOK 1

Danske Bank Markets estimates that several rig companies are on a "mission impossible" and "in deep trouble" after the oil price collapse. Several rig companies see their target price reduced to just NOK 1.

by CHRISTIAN CARLSEN

The oil price collapse could become the load that pushes major rig companies such as Seadrill and Borr Drilling over the edge, projects Danske Bank Markets in a new analysis.

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Analysts expect more voided contracts in strained drilling sector
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Maersk Drilling launches share buyback to finance incentive program
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Borr Drilling's customers shorten contracts costing millions
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