HAMILTON, Bermuda, May 23, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three months ended March 31, 2024. Highlights CEO, Patrick Schorn commented: "The first quarter results have been strong, driven by solid operational performance with technical utilization coming in at 99.0% and economic utilization at 98.6%, keeping us right on track to meet our annual plan. We finished the quarter with all 22 delivered rigs operating, however ...

HAMILTON, Bermuda, May 23, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the first quarter of 2024. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares regis ...

HAMILTON, Bermuda, May 15, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE and OSE: BORR) plans to release its financial results for the first quarter 2024 on Thursday, May 23, 2024. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you ma ...

If we look at energy stocks with focus on the oil & gas sector, the last 12 months have been disappointing in terms of returns. Macroeconomic headwinds have ensured that energy prices remain relatively subdued. However, that's likely to change in the next few quarters. Now is a good time to consider fresh exposure to energy stocks. If we look at oil & gas exploration companies, some quality bets like Chevron Corporation (NYSE:CVX) and Occidental Petroleum (NYSE:OXY) stand out. However, these are blue-chip s ...

When growth stocks shine in the limelight, they rarely trade at a valuation gap. Investors continue to buy in an uptrend on the fear of missing out on a potentially bigger rally. However, a value investor will agree that it’s best to avoid stocks that are too much in the limelight. In an ocean of stocks, it’s not surprising if some great ideas are overlooked by the markets. However, it’s unlikely that quality stocks will remain undervalued for an extended period. When the trend reversal comes, the upside ca ...

I believe that equity markets are at a point where small-cap and penny stocks can go ballistic. The assumption of multiple rate cuts in the next 12 to 18 months backs this general view. Easy money policy translates into higher speculative activity and high-beta stocks surge. This column discusses three high-risk stocks under $20, likely to triple before the end of 2025.While a potential rate cut is a catalyst, it’s not the only reason to be bullish on these high-risk stocks. These stocks represent companies ...

72 Management believes that the Company's liquidity position, cash flows from operations and availability under its Super Senior Credit Facility will be adequate to meet the Company's working capital requirements, financial commitments and debt obligations, growth, operating and maintenance capital expenditures. Management continues to regularly monitor the Company's ability to finance the needs of its operating, financing and investing activities. C. RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC. As ...

new look casting 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 ...

HAMILTON, Bermuda, Feb. 27, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of an additional $200 million in aggregate principal amount of 10.000% senior secured notes due 2028 (the "Additional Notes"). The Additional Notes will have the same terms and conditions as the $1,025,000,000 aggregate principal amount of senior secured notes due 2028, which were issued on November 7, 2023 (the " ...

Borr Drilling Limited (NYSE:BORR) Q4 2023 Earnings Call Transcript February 22, 2024 9:00 AM ET Company Participants Patrick Schorn - CEO & Director Magnus Vaaler - Chief Financial Officer Bruno Morand - CCO Conference Call Participants Fredrik Stene - Clarksons Securities Greg Lewis - BTIG Michael Boam - Sona Asset Management Patrick Schorn Good morning, good afternoon, and thank you for participating in the Borr Drilling fourth quarter 2023 earnings call. I'm Patrick Schorn. And with me here today is Brun ...