Added to YB: 2025-03-03
Pitch date: 2025-02-26
NORAM.OL [bullish]
NorAm Drilling AS
+7.93%
current return
Author Info
No bio for this author
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Company Info
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States.
Market Cap
NOK 129.7M
Pitch Price
NOK 30.11
Price Target
N/A
Dividend
15.62%
EV/EBITDA
5.00
P/E
14.36
EV/Sales
1.18
Sector
Energy Equipment and Services
Category
dividend
Show full summary:
A tiny driller paying huge dividends - NorAm Drilling
NORAM.OL: 11 ultra-spec rigs, 91% utilization, $25.5k day rates. 16% dividend yield, 4.7x EV/EBITDA, 6.2x P/FCF. Upside from LNG exports (+9% demand) & datacenters (+3-9%). Downside protected by flexible costs, clean balance sheet. 56% owned by Frederiksen. Illiquid ($100-200k/day).
Read full article (7 min)