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CONTACT: Seadrill +47 51 30 99 00
It's just as dumb to short energy companies as it is to short mining companies.
Industry followers continue to see M&A as a way to fuel a turnaround for the beaten down space, and are now looking for first movers with oil above $50.
The company's shares soared after SeaDrill's chairman said he's ready to provide the company with a major loan.