Added to YB: 2024-02-09
Pitch date: 2024-02-08
BORR [bullish]
Borr Drilling Limited
-23.3%
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 Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe.
Market Cap
$2.0B
Pitch Price
$63.37
Price Target
12.00 (-75%)
Dividend
N/A
EV/EBITDA
7.86
P/E
38.88
EV/Sales
3.73
Sector
Energy Equipment and Services
Category
turnaround
Borr Drilling: Record Profits Ahead As Rig Fleet Is Sold Out
$BORR: Jackup rig operator poised for growth. Young fleet, surging demand, high dayrates, tight supply. Path to profitability in 2023 with robust cash flows. Risks: debt, oil volatility. Upside potential: $10.50-$12 target (2x current), low new supply risk, replacement cost valuation support.
Read full article (11 min)