Core Viewpoint - Borr Drilling Limited will present at the Fearnley Securities' Annual Offshore Drilling Seminar in New York and London on January 15 and 16, 2025, respectively [1]. Company Information - The presentation will be available on the Company's website at www.borrdrilling.com [1]. - The CFO of the Company, Magnus Vaaler, can be contacted for questions at +44 1224 289208 [1]. Event Details - The seminar will take place on January 15 and 16, 2025, in New York and London [1]. - A copy of the presentation is enclosed with the release and can also be downloaded [1].

Core Insights - The article reflects on a transformative personal journey that emphasizes self-sufficiency and a shift from urban life to a more natural existence in the woods, highlighting the importance of adapting to change and the spiritual nature of this journey [1] Group 1: Personal Transformation - The decision to leave urban life for a self-built yurt in the boreal forest represents a significant life change, leading to a deeper understanding of self-sufficiency and personal fulfillment [1] - The experience of living in isolation has replaced anxiety with love, showcasing the psychological benefits of connecting with nature [1] - The author emphasizes that personal growth and learning from mistakes are more valuable than comparing investment returns with others [1] Group 2: Investment Philosophy - The article discusses the importance of timing in maximizing the impact of actions, indicating that poor timing can lead to destructive outcomes [1] - The author views life as a call option, willing to embrace volatility for greater rewards, suggesting a parallel to investment strategies that accept risk for potential high returns [1] - There is a desire to merge macro and micro perspectives in research, indicating a holistic approach to understanding market dynamics [1]

Core Insights - The article highlights the investment strategies and achievements of Paul Franke, a seasoned investor with 38 years of trading experience, emphasizing his contrarian stock selection style and the development of a system called "Victory Formation" for identifying stocks based on supply/demand imbalances [1] Group 1: Investment Strategies - Paul Franke suggests using 10% or 20% stop-loss levels on individual stock choices and advocates for a diversified portfolio of at least 50 well-positioned stocks to achieve consistent outperformance in the stock market [1] - The "Bottom Fishing Club" articles focus on deep-value candidates or stocks that are experiencing significant upward technical momentum reversals [1] - The "Volume Breakout Report" articles discuss positive trend changes supported by strong price and volume trading actions [1] Group 2: Performance and Recognition - Franke was consistently ranked among the top investment advisors nationally during the 1990s and achieved the 1 ranking in the Motley Fool® CAPS stock picking contest during parts of 2008 and 2009, out of over 60,000 portfolios [1] - As of September 2024, he is ranked in the Top 3% of bloggers by TipRanks® for 12-month stock picking performance based on suggestions made over the last decade [1]

HAMILTON, Bermuda, Dec. 12, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) refers to i) its announcement on 6 November 2024, where the Company announced the authorization by its Board of Directors of a commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorization, and ii) the announcement on November 20, 2024, where the Company announced the completion of the first ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BORR either through stock ownership, options, or other derivatives. 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 relationship with any company whose stock is mentioned in this article. My articles, blog posts, and comments on this platform do not constitute investment recommendations, but rather express my personal opinions a ...

HAMILTON, Bermuda, Nov. 20, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) initiated a share repurchase program on November 12, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions ("the First Tranche") on the OSE and NYSE until no later than November 30, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA ("DNB Markets"). This was the initial step under the Board of Directors authorized commit ...

Group 1 - Borr Drilling Limited has received a notice of temporary suspension of operation for its rig "Arabia II" in Saudi Arabia [1] - The suspension will last for a period of up to 12 months, with the start date yet to be confirmed by the customer [1]

HAMILTON, Bermuda, Nov. 11, 2024 /PRNewswire/ -- Drew Holdings Ltd., a close associate of Mr. Tor Olav Trøim, has on 8 November, 2024, bought 1,500,000 common shares in Borr Drilling Limited at an average price of $3.9335 per share. Mr. Trøim is the chairman of Borr's board and thus, as per the Market Abuse Directive, a person discharging managerial responsibilities in Borr (a «PDMR»).Mr. Trøim and his close associates will, following the completion of this transaction, own 17,722,385 shares in Borr Drillin ...

Financial Data and Key Metrics Changes - Q3 2024 total operating revenues were $241.6 million, a decrease of $30.3 million compared to Q2 2024, primarily due to one-off items in Q2 that did not repeat in Q3 [10] - Adjusted EBITDA for Q3 2024 was $115.5 million, a decrease of $20.9 million or 15% compared to Q2 2024 [12] - Net income for Q3 2024 was $9.7 million, a decrease of $22 million compared to Q2 2024 [12] - Total liquidity at the end of Q3 2024 was approximately $335 million, including $185 million in cash and $150 million undrawn under the revolving credit facility [7][12] Business Line Data and Key Metrics Changes - Technical utilization was 98.7% and economic utilization was 96.9% for the quarter, indicating strong core operations [2] - The contract portfolio has strong revenue visibility into 2025, with 78% of the fleet contracted at an average day rate of $148,000 per day, which is 10% higher than in 2024 [3] Market Data and Key Metrics Changes - Modern rig utilization levels remain strong, above 94%, with around 90% adjusted for Aramco suspensions [19] - Regional utilization and day rates across Africa, North Sea, and Americas have remained steady, while Asia and Middle East have experienced a softer environment [20] Company Strategy and Development Direction - The completion of the newbuild program will increase cash flow in 2025, with the fleet reaching 24 premium rigs, the youngest in the industry [4] - The company is focused on maintaining strong operational efficiency and consistent revenues through contract extensions and securing new contracts [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainties in the jack-up market due to recent oil price declines and customer caution in confirming contracts [5] - The company updated its full-year 2024 adjusted EBITDA guidance to be at or above the lower end of the range of $500 million to $550 million [6] - Management remains optimistic about the long-term demand in the jack-up rig market, driven by an aging global fleet and no new orders in a decade [8] Other Important Information - The Board declared a cash distribution of $0.02 per share for a total of $4.8 million for Q3 2024 and committed to buy back $20 million in shares before the end of 2024 [7][26] - The company will maintain a single listing on the New York Stock Exchange after delisting from the Euronext Oslo Stock Exchange on December 30, 2024 [9] Q&A Session Summary Question: How has the dynamic with clients changed throughout the year regarding tenders? - Management noted that programs have shifted to the right, but the pipeline continues to grow positively, with some regions maintaining strong rig fixing levels [29] Question: Where do you see the strongest incremental demand heading into 2025 and 2026? - Management identified interesting pockets of activity in the Middle East, West Africa, and the Americas, with expectations of increased demand in 2025 [31][33] Question: Why was there a shift from cash dividends to share buybacks? - The Board believed it was more attractive to buy back shares at low levels rather than maintain cash dividends, while the gross amount of shareholder returns remains the same [36][37] Question: What is the current status of accounts receivable, particularly related to Pemex? - Management confirmed that lower payments from Pemex contributed to the increase in accounts receivable, and they are exploring options to monetize these receivables [39][40] Question: Will Pemex rigs potentially get extensions if there are no major changes to their capital plans for 2025? - Management expressed optimism about the long-term future of rigs in Mexico, given the government's commitment to maintain production levels [43]

HAMILTON, Bermuda, Nov. 7, 2024 /PRNewswire/ --Please find enclosed the presentation of Borr Drilling Limited's third quarter 2024 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on November 7, 2024. In order to listen to the presentation, you may do one of the following: Webcast To access the webcast, please go to the following link:https://edge.media-server.com/mmc/p/fcm3dyij  Conference Call Please use this link to register for the conference call,https://register. ...