Added to YB: 2024-02-09
Pitch date: 2024-02-08
BORR [bullish]
Borr Drilling Limited
-35.99%
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 United States, the Middle East, South East Asia, Europe, Latin America, and West Africa.
Market Cap
$1.2B
Pitch Price
$63.37
Price Target
12.00 (-70%)
Dividend
N/A
EV/EBITDA
5.80
P/E
14.46
EV/Sales
2.92
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)