Economics
Billionaire Fredriksen’s Seadrill Has Longest Losing Streak
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Seadrill Ltd. suffered its longest losing streak in Oslo trading as the rig company controlled by billionaire John Fredriksen risks seeing its bet on Russia unwind on deepening sanctions from the U.S. and Europe.
Seadrill, the biggest offshore driller by market value, fell for an eighth straight day, the longest run since the company listed in 2005. It sank 3.2 percent to 195 kroner a share by the close in Oslo and is down 16 percent since Sept. 4.