Added to YB: 2026-07-16
Pitch date: 2026-07-14
NORAM.OL [bullish]
NorAm Drilling AS
-3.91%
current return
Author Info
No bio for this author
Company Info
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven onshore rigs for the drilling of horizontal wells in the United States.
Market Cap
NOK 186.0M
Pitch Price
NOK 43.45
Price Target
85.00 (+102%)
Dividend
9.48%
EV/EBITDA
10.20
P/E
15.30
EV/Sales
1.76
Sector
Energy Equipment and Services
Category
dividend
Why I'm buying a Norwegian microcap to play the Permian (and getting paid 12% to wait) - NorAm Drilling AS
NORAM.OL: Norwegian microcap holding 11 ultra super-spec Permian rigs, purest play on rising rig count/day rates. 100% utilization, lowest breakeven (~$24K/day), no debt, 12.9% monthly dividend. Trades 8x trough EBITDA; market prices worst year as permanent. 2023 conditions = 2x upside. Fredriksen-controlled (Seadrill risk). Stop at NOK 35.
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