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©MEDVIND/Bent Sørensen

Let’s quickly try to narrow the Maersk Drilling IPO guidance that I set out six months ago, when deal details were scarce and I argued that, drawing from a hybrid competitor, the company could be provisionally worth between $4bn and $7bn, with implied “net leverage just below 2x”.

(Source Maersk Drilling)

Background

It is a great time, the oil bulls argue, to bet on oil, and the upcoming Maersk Drilling IPO carries some very interesting features indeed, although a conservative investor – one ...

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