{"id":2096,"date":"2014-11-26T13:49:40","date_gmt":"2014-11-26T18:49:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2096"},"modified":"2014-11-26T13:49:40","modified_gmt":"2014-11-26T18:49:40","slug":"for-the-worlds-largest-rig-operator-the-recovery-is-now-worse-than-the-post-lehman-crash-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2096","title":{"rendered":"For The World&#8217;s Largest Rig Operator, The &#8220;Recovery&#8221; Is Now Worse Than The Post-Lehman Crash | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-11-26\/worlds-largest-rig-operator-recovery-now-worse-post-lehman-collapse\">For The World&#8217;s Largest Rig Operator, The &#8220;Recovery&#8221; Is Now Worse Than The Post-Lehman Crash | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">The last time the world&#8217;s largest oil and gas drill operator, Seadrill, halted its dividend payment was in 2009, shortly after Lehman had filed and the world was engulfed in a massive depression. Retrospectively, this made sense: the company was struggling not only with depressionary oil prices, but with a legacy epic debt load as can be seen on the chart below.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2014\/11\/20141126_SDRL1.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2014\/11\/20141126_SDRL1_0.jpg\" alt=\"\" width=\"600\" height=\"315\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">So the fact that the stock of Seadrill collapsed by 20% today following a shocking overnight announcement that it had\u00a0<em><strong>once again\u00a0<\/strong><\/em>halted its dividend&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For The World&#8217;s Largest Rig Operator, The &#8220;Recovery&#8221; Is Now Worse Than The Post-Lehman Crash | Zero Hedge. The last time the world&#8217;s largest oil and gas drill operator, Seadrill, halted its dividend payment was in 2009, shortly after Lehman had filed and the world was engulfed in a massive depression. Retrospectively, this made sense: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[195,588,1448,592,1449],"class_list":["post-2096","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-debt","tag-oil","tag-oil-and-gas-drill-operator","tag-oil-price","tag-seadrill"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2096"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2096\/revisions"}],"predecessor-version":[{"id":2097,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2096\/revisions\/2097"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}