Added to YB: 2025-12-10
Pitch date: 2025-12-07
BORR [bullish]
Borr Drilling Limited
+43.49%
current return
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe.
Market Cap
$1.9B
Pitch Price
$4.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.54
P/E
35.88
EV/Sales
3.57
Sector
Energy Equipment and Services
Category
turnaround
Quick Thoughts On $BORR and Uranium
BORR: Jackup market rebounding after 80% drawdown - Aramco recalled 7 suspended rigs, extended contracts, tendered 7 more units for late 2026. Pemex restarted payments, new contracts in Gulf/Angola. H2 2026 coverage at $154K/day (+11% vs H1). At $150K dayrate & low-90s util, est ~$650M unlevered CF, $200M FCF vs $1B mkt cap.
Read full article (6 min)