Borr Drilling (NYSE: BORR ) has recently been under persistent downward pressure, with shares sliding more than 40% year-to-date. A major factor weighing down on the stock, along with the broader jackup market, was SaudiEx-quant, now investing privately within a value investing framework. "I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does t ...

HAMILTON, Bermuda, Nov. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE & OSE: BORR) today announced that Euronext Oslo Stock Exchange ("OSE") has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's Special General Meeting in October 2024.The Company's shares will be delisted from OSE as of 31 December 2024. The last day of trading will be 30 December 2024, and the Company will subsequently maintain a single listing on the New York ...

HAMILTON, Bermuda, Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $175 million.The Additional Notes will have the same terms and conditions as the existing $515 million aggregate principal amount of senior secured notes due 2030.The proceeds from the offering are ...

HAMILTON, Bermuda, Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) today announced certain preliminary unaudited results for the quarter ended September 30, 2024.For the three months ended September 30, 2024, the Company expects: (i) total operating revenues of approximately $242 million, (ii) operating income of approximately $84 million, and (iii) Adjusted EBITDA of approximately $116 million. The Company expects approximately $186 million in cash and cash equi ...

HAMILTON, Bermuda, Oct. 17, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today been advised by the Nordic Trustee AS that, pursuant to the summons for a written resolution dated 2 October 2024 for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"), the written resolutions have today been resolved and approved by the bondholders. CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to you by Cision http ...

HAMILTON, Bermuda, Oct. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today requested Nordic Trustee AS to summon for a bondholders' written resolution (the "Summons") for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"). The purpose of the written resolution is to approve a proposal to amend the bond terms in connection with the potential de-listing of the Company's shares from the Oslo Stock Exchange, as approved by a Special General Meeting of the ...

HAMILTON, Bermuda, Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that a Special General Meeting of the Company was held on October 1, 2024 at 10:00 local time at 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The following resolutions were passed: 1. To approve the delisting of the Company's common shares from the Oslo Stock Exchange and to authorise the Board of Directors to take steps to implement the delisting includin ...

HAMILTON, Bermuda, Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the third quarter 2024 after the close of the New York Stock Exchange on Wednesday 6 November, 2024. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 7 November, 2024 and participants are encouraged to dial in ...

文章核心观点 Borr Drilling Limited首席执行官将在Pareto Securities第31届年度能源会议上进行展示 [1] 分组1 - 展示时间为2024年9月11日星期三下午1点50分（欧洲中部时间） [1] - 展示地点在挪威奥斯陆 [1] - 展示材料副本可在公司网站www.borrdrilling.com获取，也随新闻稿附上 [1] 分组2 - 如有问题可联系首席财务官Magnus Vaaler，电话+44 1224 289208 [1] 分组3 - 可下载的文件链接为https://mb.cision.com/Public/16983/4035704/811c2eb7d4cd2e1e.pdf [1]

文章核心观点 - 行业方面石油与天然气板块价值大 公司方面Borr Drilling股票回调提供入场机会 预计未来18 - 24个月股价反弹 是“强力买入”评级 [3][16] 投资概述 - 过去12个月标普500指数上涨25% 部分成长股表现突出 但并非所有行业都参与牛市 石油与天然气行业表现不佳 [3] - Borr Drilling股票过去12个月下跌15% 股息收益率6.6% 股价回调提供入场机会 [3] - 油价反转是看好Borr Drilling股票的依据之一 预计未来12 - 24个月油价上涨 2024年底布伦特原油价格将涨至85 - 90美元/桶 2025年平均价格86美元/桶 花旗预计2025年油价达100美元/桶 [3] - 美联储未来几个季度可能采取扩张性货币政策 有利于大宗商品和能源等风险资产 2025年下半年及2026年经济增长加速将推动能源价格上涨 [3] 强大的积压订单和稳健的订单 intake - 截至2024年第二季度 公司订单积压达16.3亿美元 截至8月14日增至17.6亿美元 2024年前六个月订单 intake为6.51亿美元 若油价接近100美元/桶 订单 intake可能进一步加速 [4] - 2024年公司合同覆盖率92% 日费率13.5万美元 2025年合同覆盖率73% 日费率14.8万美元 未来季度EBITDA利润率有望扩大 [4] - 2024年上半年订单平均日费率18.4万美元 预计2025年和2026年平均日费率将上升 公司新增两艘自升式钻井平台 将推动增长 [4] - 现代自升式钻井平台供需紧张 利用率超95% 全球30%自升式钻井平台超35年 未来24 - 36个月可能逐步淘汰 造船厂订单簿稀少 公司拥有行业内最年轻的24座优质钻井平台 [5] - 建造新自升式钻井平台成本2.5 - 3亿美元 交付时间2 - 2.5年 船东认为日费率达20 - 23万美元才能实现15%的投资回报率 即使日费率达25万美元 新订单交付也需数年 日费率将在高位维持较长时间 [7][8] - 中东地区对近海浅水区域关注度增加 即使油价在80 - 90美元/桶 需求仍可能保持强劲 [8] 基本面支持看涨论点 - 高日费率使公司能够去杠杆化并维持股息 还可能进行机会性收购 若日费率升至25 - 30万美元 收购将提升收入和现金流 [10] - 截至2024年第二季度 公司现金缓冲1.935亿美元 加上未动用信贷额度 总流动性3.435亿美元 [10] - 截至2024年6月 公司总债务19.2亿美元 净债务17.3亿美元 2024年EBITDA指引为5.25亿美元 净债务与EBITDA比率为3.3 EBITDA利息覆盖率约2.5倍 [10] - 截至2024年第二季度 公司自升式钻井平台账面价值25亿美元 贷款价值比76.8% 市场价值更高 若按每座1.48亿美元计算 24座钻井平台市场价值35.5亿美元 贷款价值比48.9% [10] - 公司目标是中期将杠杆率降至2倍 长期稳定杠杆率降至1.5倍 预计未来24个月实现目标 [10] 收入和EBITDA估计 - 2025年假设日费率16万美元较为现实 2026年日费率估计20万美元较为保守 预计未来两年EBITDA将强劲增长 现金流增加 支持去杠杆化目标和股息增长 [11] 估值视角 - 考虑当前市值和债务进行EV/EBITDA计算 预计2025 - 2026年公司存在32% - 57%的估值差距 未来24个月股价有望上涨超50% [13][14] - 股价上涨潜力可能更高 取决于公司进行新资产收购和2026年日费率可能升至23 - 25万美元 [15] 总结观点 - 基于行业动态、能源价格前景和公司基本面 Borr Drilling股票是“强力买入”评级 日费率稳定 公司有望持续增长 改善信贷指标 目前估值未反映潜力 过去12个月股价回调是买入时机 [16]