Professional
Added to YB: 2025-01-23
Pitch date: 2025-01-15
BORR [bullish]
Borr Drilling Limited
+59.3%
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 United States, the Middle East, South East Asia, Europe, Latin America, and West Africa.
Market Cap
$1.7B
Pitch Price
$3.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.92
P/E
20.14
EV/Sales
3.47
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)