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Stock impact report

Borr Drilling: Share Price Is Not Supported By Future Revenues [Seeking Alpha]

Transocean Ltd (Switzerland) (RIG) 
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.deepwater.com
Company Research Source: Seeking Alpha
BORR share price has generally tracked revenue growth in the past, but recent gains are unsupported by revenue growth. Based on backlog, future revenues are likely to flatten or even decline with erosion of market sentiment and declining share prices. I recommend investors sell BORR at its current market price. baona/iStock via Getty Images Over several years, I have regularly followed the offshore drilling industry with a particular emphasis on forecasting future revenues based on backlog. I most recently advised investors to scrutinize backlog on Noble's recent earnings report and concluded that Transocean's This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business r Show less Read more
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