Fredriksen: Stay away from the oil service sector
John Fredriksen warns against the oil industry, especially after his own drilling giant Seadrill has taken a big hit from the sliding oil price, though he does expect the oil price to rise again, according to Dagens Næringsliv.
BY KATRINE GRØNVALD RAUN
Norwegian John Fredriksen is now warning against entering the oil industry, where he is already present with several companies, most noticeably through drilling giant Seadrill, which has taken a big hit from the declining oil price and the subsequent changes in the market.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
EIA: Lowest profits for OPEC oil export since 2010
For subscribers
Bugbee: Oil slide extends potential significantly
For subscribers
Benefits of new eco-ships undermined by falling oil price
For subscribers
