Professional
Added to YB: 2025-01-23
Pitch date: 2025-01-15
BORR [bullish]
Borr Drilling Limited
+49.99%
current return
Author Info
No bio for this author
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
$2.0B
Pitch Price
$3.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.86
P/E
38.88
EV/Sales
3.73
Sector
Energy Equipment and Services
Category
growth
Highwood Value Partners Portfolio Holding: Borr Drilling Limited
BORR: Jack-up rig operator poised for rate normalization to $150-175k/day. At $162.5k, FCF yield 50-60%. Premium rates vs. market. Saudi suspensions temporary. No new builds until $175k+. Supply declining, demand growing. Management buying shares. Clear path to 50-60% FCF yield at $1bn market cap.
Read full article (6 min)