SFL Corporation: High Yield Protected By Strong Backlog, But Upside Is Priced In
Seeking Alpha says SFL has improved its counterparty risk profile and could release capital by selling oil tankers. The article notes that its 7.0% dividend yield may not cover new-vessel financing costs and reinvestment needs, and gives a Hold view.
Why it matters — SFL watchers may weigh the improved risk profile and potential tanker-sale proceeds against the article’s concerns about financing costs and reinvestment needs.