Odfjell Drilling has announced two strategic moves in the last few days: a letter of intent for the Deepsea Aberdeen extending firm coverage from late 2026 to Q2/29, and the USD 480m acquisition of Deepsea Bollsta from Northern Ocean. We view the deal as highly accretive and supportive of the company’s shareholder distribution narrative, underpinned by industry-leading revenue visibility. We maintain our dividend projections, implying ~15% annually and ~45% cumulatively through YE/28 - among the ....
