Borr Drilling: Fundamentals Remain Strong [Seeking Alpha]
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: Seeking Alpha
The recent sell-off triggered by Saudi Aramco's announcement does not change the fundamentals of the jackup market. BORR's stable business model and increasing dayrates position it for significant earnings growth and potential high dividend yields in the future. I estimate a forward dividend yield of approximately 20% for 2025 and potentially nearing 30% for 2026. Introduction In a previous article , I discussed Borr Drilling ( NYSE: BORR ), an intriguing company that owns and operates jackup drilling rigs for shallow-water operations. I emphasized the robust fundamentals of the jackup market and how Borr Drilling stands to benefit from the ongoing bull market. The recent surge in jackup rates is a result of various factors both on the demand and supply sides. On the demand side, the demand for shallow-water drilling is strong, particularly from NOCs in the Middle East, due to the fact that shallow water represents one of the largest and most economical untapped oil resourc
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BORR
News
- Borr Drilling Limited - Contracting UpdatePR Newswire
- Valaris drilling rig suspended in Saudi Arabia [Seeking Alpha]Seeking Alpha
- Borr Drilling sinks as rig suspends operations in Saudi Arabia [Seeking Alpha]Seeking Alpha
- Borr Drilling Limited - Contracting update [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Contracting updatePR Newswire
BORR
Analyst Actions
- 2/23/24 - Evercore ISI Group
BORR
Sec Filings
- 4/9/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/27/24 - Form 20-F
- BORR's page on the SEC website