Terra Markets is upbeat on Seadrill.

(ADPnews) - Jun 27, 2011 - Terra Markets has confidence in Oslo-listed offshore service provider Seadrill Ltd (OSL:SDRL) and considers investors can expect a solid return in the next years.

The visibility in the stock is good with a contract coverage of 94% for 2011 and 77% for 2012, the market analyst said in an analysis.

According to Terra Markets, there is upside to the dividend should the market conditions improve. Seadrill has guided for dividend corresponding to USD 3 apiece for 2011.

The market conditions showed signs of improvement, Terra Markets said, citing a charter contract signed last week …