BORR ---Tilbakekjøp av egne aksjer
Borr Drilling Limited - Approval of Share Repurchase Program
8.12.2023 15:23 • Cision •
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Borr Drilling Limited - Approval of Share Repurchase Program The timing and amount of any shares repurchased will be determined by the company based on its evaluation of market conditions and other factors and as permitted by securities laws and other legal requirements. The authorization does not have a fixed expiration and the repurchase program may be suspended or discontinued at any time.
8 December 2023
Hamilton, Bermuda
8.12.2023 15:23 • Cision •
Kopier link
Borr Drilling Limited - Approval of Share Repurchase Program The timing and amount of any shares repurchased will be determined by the company based on its evaluation of market conditions and other factors and as permitted by securities laws and other legal requirements. The authorization does not have a fixed expiration and the repurchase program may be suspended or discontinued at any time.
8 December 2023
Hamilton, Bermuda
Redigert 08.12.2023 kl 16:05
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Offshore Drilling: Fearnley
• ADES with soft JU contract in Thailand
ADES announced a LoI for 18 months firm + 9 months options for its jackup Admarine 502 (2013 built, KFELS B class design) with PTTEP, Thailand. Commencement is expected in 2h24 with total contract value – including option period + mobilization – stated at c. SAR 354m (c. USD 94m). That’s equivalent to a gross dayrate of c. USD 115k. Assuming c. USD 5m in mobilization, that’s net dayrate of c. USD 110k. Well below leading edge of c USD 170k (BORR), and the general market in the USD 140-160k range. The jackup is contracted with Saudi Aramco to Apr-2024 at a dayrate of USD 89.9k and thus will be the first jackup to leave Aramco.
Given the weak dayrate, no surprise that the jackup plays sold off yesterday. The dayrate secured is however more in-line with our thinking (though even weaker than the USD 120k range we expected).
Admarine 502 was the first jackup scheduled to roll-off firm contracts with Saudi Aramco, of total nine rolling off firm contracts with Aramco this year, and thus the one to watch. According to our understanding, ADES, COSL, Saipem and SHLF have all – following the news late January of Aramco removing its Maximum Production Capacity growth ambition – been bidding rigs out of the Kingdom and into international opportunities (specifically Southeast Asia) in anticipation of Aramco reducing its jackup activity. Dayrate bid – according to talk and chatter – was in the USD 120-150k range, with ADES being the low bidder. Obviously, ADES bid even more aggressive than chatter had it.
Nevertheless, ADES has prior to the announcement only secured one jackup contract outside its “home regions” Egypt, India and the Middle East (21 November 2023 ADES announced a three-year contract + two-year options for the Emerald Driller with Pertamina, Indonesia with expected start-up in 2h24). Thus, given its weak international footprint, ADES was expected (had) to bid aggressively to secure international work.
The dayrate of USD 115k clearly sets a weak print for the jackup market. Though is however in-line with our thinking around the expected Aramco exodus: a pause in (dayrate) momentum, with volatility expected until clarity is found around the number of jackups leaving and associated dayrates achieved for the relevant jackups (we still expect Aramco to reduce its active fleet by c. ten jackups). With limited available sidelined capacity, expected demand growth should, as we see, absorb the exodus from the Kingdom. Dayrates will however take a pause – with a downwards tilt – as long as the “Saudi” rigs are “flooding the market”, though expect bifurcation where the established international players like BORR and SHLF should, as we see it be able to achieve premium to e.g. ADES.
All-in-all we expect the slump in dayrates to endure only for a limited period and expect “off to the races” again when the exodus is absorbed. The jackup plays have already sold off massively since the Aramco announcement late January. Thus, the effect is – as we see it – already absorbed though (and as previously stated) we expect share prices to be volatile related to “fear“ on news out of the Kingdom. At current share price levels and assuming dayrates to hold in the USD 140-160k range for premium benign jackups for the established players when “the dust is settled” – the jackup plays are attractive priced in our view. Volatility is currently the name of the game, however.
• ADES with soft JU contract in Thailand
ADES announced a LoI for 18 months firm + 9 months options for its jackup Admarine 502 (2013 built, KFELS B class design) with PTTEP, Thailand. Commencement is expected in 2h24 with total contract value – including option period + mobilization – stated at c. SAR 354m (c. USD 94m). That’s equivalent to a gross dayrate of c. USD 115k. Assuming c. USD 5m in mobilization, that’s net dayrate of c. USD 110k. Well below leading edge of c USD 170k (BORR), and the general market in the USD 140-160k range. The jackup is contracted with Saudi Aramco to Apr-2024 at a dayrate of USD 89.9k and thus will be the first jackup to leave Aramco.
Given the weak dayrate, no surprise that the jackup plays sold off yesterday. The dayrate secured is however more in-line with our thinking (though even weaker than the USD 120k range we expected).
Admarine 502 was the first jackup scheduled to roll-off firm contracts with Saudi Aramco, of total nine rolling off firm contracts with Aramco this year, and thus the one to watch. According to our understanding, ADES, COSL, Saipem and SHLF have all – following the news late January of Aramco removing its Maximum Production Capacity growth ambition – been bidding rigs out of the Kingdom and into international opportunities (specifically Southeast Asia) in anticipation of Aramco reducing its jackup activity. Dayrate bid – according to talk and chatter – was in the USD 120-150k range, with ADES being the low bidder. Obviously, ADES bid even more aggressive than chatter had it.
Nevertheless, ADES has prior to the announcement only secured one jackup contract outside its “home regions” Egypt, India and the Middle East (21 November 2023 ADES announced a three-year contract + two-year options for the Emerald Driller with Pertamina, Indonesia with expected start-up in 2h24). Thus, given its weak international footprint, ADES was expected (had) to bid aggressively to secure international work.
The dayrate of USD 115k clearly sets a weak print for the jackup market. Though is however in-line with our thinking around the expected Aramco exodus: a pause in (dayrate) momentum, with volatility expected until clarity is found around the number of jackups leaving and associated dayrates achieved for the relevant jackups (we still expect Aramco to reduce its active fleet by c. ten jackups). With limited available sidelined capacity, expected demand growth should, as we see, absorb the exodus from the Kingdom. Dayrates will however take a pause – with a downwards tilt – as long as the “Saudi” rigs are “flooding the market”, though expect bifurcation where the established international players like BORR and SHLF should, as we see it be able to achieve premium to e.g. ADES.
All-in-all we expect the slump in dayrates to endure only for a limited period and expect “off to the races” again when the exodus is absorbed. The jackup plays have already sold off massively since the Aramco announcement late January. Thus, the effect is – as we see it – already absorbed though (and as previously stated) we expect share prices to be volatile related to “fear“ on news out of the Kingdom. At current share price levels and assuming dayrates to hold in the USD 140-160k range for premium benign jackups for the established players when “the dust is settled” – the jackup plays are attractive priced in our view. Volatility is currently the name of the game, however.
bellx
26.03.2024 kl 12:23
6297
Bra sagt,folk og fe har lett for å få panikk når ting faller mye. Se på det fundamentale som ser bra ut.
Dølle
26.03.2024 kl 18:21
6194
Takk. Ser ut som det er positivt drive over there i aften, og står det seg til stengetid starter vi på 71,5 her i morra. Da tror jeg prognosene til PU vil komme som perler på en snor.
Dølle
28.03.2024 kl 10:25
5940
Synlig short redusert til 3,69 . Borr after hours landet på tallet 6.66..
Da får man lade batteriene noen dager og forhåpentligvis mye skoj i tiden som kommer.
God Påske.
Da får man lade batteriene noen dager og forhåpentligvis mye skoj i tiden som kommer.
God Påske.
StephanDerrick
01.04.2024 kl 16:03
5619
Når man ser dagens utvikling på WallStreet, kan man ihvertfall konkludere med at det aldri er kjedelig å eie Borr.
Den fine oppgangen som vi hadde i NY onsdag og torsdag , blir i dag tydeligvis reversert igjen.
I dag er det Shelf-nyheter som smitter:
https://e24.no/bors/nyheter/a/296194?pinnedEntry=296194
Den fine oppgangen som vi hadde i NY onsdag og torsdag , blir i dag tydeligvis reversert igjen.
I dag er det Shelf-nyheter som smitter:
https://e24.no/bors/nyheter/a/296194?pinnedEntry=296194
Dølle
01.04.2024 kl 16:47
5540
Mer enn fin. Var klar til å gyve forbi 7 i Us men så får Shelf en Saudi rett i solar pl....og here we go again. 10 % ned før man fikk sagt kake. Er vel sedvanlig overreaksjon men kan trygt si man blir noe lei av to skritt frem to til sia og to tilbake. Passer bedre i en latino dans
StephanDerrick
01.04.2024 kl 17:04
5510
Alt lå til rette for videre oppgang. Nettopp i slike situasjoner der folk står på feil bein ,( når nyheter som dagens med Shelf brått kommer,) gjør at vi får spesielt store %-vise fall.
Plutselig skal moment-investorene ut og da blir det trangt en liten stund, med påfølgende store fall.
Trøsten er at oljen er i støtet når vi ser fremover både på kort,mellomlang og lang sikt.
Plutselig skal moment-investorene ut og da blir det trangt en liten stund, med påfølgende store fall.
Trøsten er at oljen er i støtet når vi ser fremover både på kort,mellomlang og lang sikt.
Redigert 01.04.2024 kl 17:05
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StephanDerrick
01.04.2024 kl 18:36
5398
Når Borr kan falle 11.3% på en nyhet som omhandler Shelf, da må man virkelig lure på hvor mye Shelf skal ned i morgen. - 20% ?
Dølle
01.04.2024 kl 19:13
5323
Umulig å si. Shelf er jo mer utsatt for Saudi meldinger og Borr får smake dragsuget.
Borr sluttet ivertfall 69 før påske her på berget og i Us nå med dollars i god driv er vel kurs rundt regna 66, 4. Så ser man kynisk på de tall så får man tro at åpning i morra ikke blir helt kokkos.
Borr sluttet ivertfall 69 før påske her på berget og i Us nå med dollars i god driv er vel kurs rundt regna 66, 4. Så ser man kynisk på de tall så får man tro at åpning i morra ikke blir helt kokkos.
Mammon
04.04.2024 kl 14:30
4793
anal-tikere og andre besserwissere har skreket om hvor billig Borr er LOL
glad jeg ikke hørte på dem etter egne DD
glad jeg ikke hørte på dem etter egne DD
Funbet100
04.04.2024 kl 15:26
4685
mange skrev nu kommer 100 LOL nu må vi se hvor langt vi skal ned denne gang… tro der går mange år før vi ser 100
Redigert 04.04.2024 kl 15:37
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minsin
04.04.2024 kl 16:54
4570
Tror "LOL gutta i ten-årene" skal ta litt med ro, og heller få seg en ispinne hos mammaen sin, før det er sengetid...
Det er kurs variasjoner vi andre tjener på , og vi posisjonerer oss deretter.
Borr er ett meget godt selskap , med gode fremtidige inntjenings muligheter.
Aramcos meldinger er mer eller mindre regnet som litt forbigående støy.
Det er kurs variasjoner vi andre tjener på , og vi posisjonerer oss deretter.
Borr er ett meget godt selskap , med gode fremtidige inntjenings muligheter.
Aramcos meldinger er mer eller mindre regnet som litt forbigående støy.
Dølle
04.04.2024 kl 17:47
4479
Godt sagt. Her på forumet lider Borr av 14 åringer som har fått PC til konfirmasjonen.
Borr er absolutt et Godt selskap med god ledelse.. Får tro Aramco nå har tømt seg med negative varianter.
Spenningen ligger mye på hvilket nivå nye kontrakter blir sluttet på.
Borr er absolutt et Godt selskap med god ledelse.. Får tro Aramco nå har tømt seg med negative varianter.
Spenningen ligger mye på hvilket nivå nye kontrakter blir sluttet på.
SAUDIKING
04.04.2024 kl 18:32
4403
Endelig litt voksenprat, takk Minsin, hold ut Dølle det blir bedre😎
Redigert 04.04.2024 kl 18:33
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minsin
04.04.2024 kl 19:26
4326
Ser kursen nå ligger rundt 63,5 - 64 kr i Us -- fikk kjøpt litt på lave nivået rundt 61,5
Tror dagens fall var sterkt overdrevet- serlv om det kan legge en kortvarig demper på ratene.
Borr har uansett de mest attractive riggene i markedet, Så jeg tipper Arabia I får kontrakt innen kort tid, i samme område.
Suspensjonen er midlertidig - godt tegn på at Aramco vil beholde nye Jack ups...
Borr bær etter mitt skjønn bruke anledningen til å kjøpe tilbake aksjer,på dette nivået.
Tror dagens fall var sterkt overdrevet- serlv om det kan legge en kortvarig demper på ratene.
Borr har uansett de mest attractive riggene i markedet, Så jeg tipper Arabia I får kontrakt innen kort tid, i samme område.
Suspensjonen er midlertidig - godt tegn på at Aramco vil beholde nye Jack ups...
Borr bær etter mitt skjønn bruke anledningen til å kjøpe tilbake aksjer,på dette nivået.
Redigert 04.04.2024 kl 19:27
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zaq1
08.04.2024 kl 12:24
3750
Ny i borr, ser tråden heter: BORR ---Tilbakekjøp av egne aksjer.? Har de egentlig kjøpt tilbake noen aksjer? Dersom nei, skal de gjøre det?
Dølle
09.04.2024 kl 09:43
3534
Good news idag, og svært beleilig. Det jobbes for gode rater og forhåpentligvis skal dette gjenspeiles i kurs. Borr på 60 talet er en vits.
Funbet100
19.04.2024 kl 12:46
3159
Så kom vi under 60 kr.🤣🤣 vi kommer længer ned godt jeg ikke hørt på dem som sidste år skrev vi kommer over 100. Nej vi kommer under 50 i år.
Funbet100
22.04.2024 kl 09:18
2993
Det er sjov at i har så travlt med at skriv så meget…. Jeg prøver bare at få personer til at forstå at den vil gå under 60 og det er vi nu… tro også at vi kommer under 50 før vi måske en gang næste år vil komme op på 70-80 igen.
Funbet100
01.05.2024 kl 19:19
2536
Det der ikke for godt ud mere for Borr mere..
Redigert 01.05.2024 kl 19:21
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SAUDIKING
01.05.2024 kl 20:14
2493
Vi får se.
7 Undiscovered Stocks to Buy Before They Go Ballistic
Borr Drilling (BORR)
Borr Drilling (NYSE:BORR) is another interesting pick in the list of undiscovered stocks. The stock has been trending lower in the last few quarters on the back of weakness in energy prices. However, at a forward price-earnings ratio of 8, BORR stock looks attractive. It’s worth noting that the stock also offers a dividend yield of 1.75%.
As an overview, Borr Drilling is a provider of offshore drilling services through its fleet of jack-up rigs. As of Q4 2023, Borr reported an order backlog of $1.75 billion. This provides clear revenue and cash flow visibility. With potential rate cuts due in 2024, I expect oil to trend higher. This will ensure that the order intake remains robust.
Last year, Borr Drilling reported adjusted EBITDA of $351 million. With a strong order backlog, the Company has guided for EBITDA of $525 million for 2024. With sharp increase in EBITDA, cash flows are also likely to swell. The growth trajectory clearly indicates that BORR stock is undervalued.
7 Undiscovered Stocks to Buy Before They Go Ballistic
Borr Drilling (BORR)
Borr Drilling (NYSE:BORR) is another interesting pick in the list of undiscovered stocks. The stock has been trending lower in the last few quarters on the back of weakness in energy prices. However, at a forward price-earnings ratio of 8, BORR stock looks attractive. It’s worth noting that the stock also offers a dividend yield of 1.75%.
As an overview, Borr Drilling is a provider of offshore drilling services through its fleet of jack-up rigs. As of Q4 2023, Borr reported an order backlog of $1.75 billion. This provides clear revenue and cash flow visibility. With potential rate cuts due in 2024, I expect oil to trend higher. This will ensure that the order intake remains robust.
Last year, Borr Drilling reported adjusted EBITDA of $351 million. With a strong order backlog, the Company has guided for EBITDA of $525 million for 2024. With sharp increase in EBITDA, cash flows are also likely to swell. The growth trajectory clearly indicates that BORR stock is undervalued.
Funbet100
23.05.2024 kl 07:42
1857
Hamilton, Bermuda, May 23, 2024. Borr Drilling Limited (NYSE 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:
Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:
Funbet100
23.05.2024 kl 07:44
1848
"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 after the close of the quarter, the contract for one of our rigs, "Arabia I" in Saudi Arabia, was suspended. The rig had excellent operational performance, and based on current customer discussions we are optimistic it will be re-contracted before the end of Q3.
bellx
23.05.2024 kl 17:16
1672
Over 14mill aksjer short her så det kan bli moro fremover?? borr har hatt en svak periode og mange kastet kortene for tidlig tror jeg??
Funbet100
03.06.2024 kl 17:17
1191
Shorts vil være shorts. Intet håb for dem på lang sigt, medmindre der er en massiv recession. Selv da vil der ikke være nok olie globalt.
bellx
03.06.2024 kl 17:20
1186
Funbet100 skrev Det var ikke lang tid vi var oppe 70 kr…
Ikke lenge siden vi var 59 tallet,har jo gått x utbytte også, Det meste innen olje falt jo på slutten i dag.Flott å trade i denne,
bellx
15.07.2024 kl 21:30
643
Funbet100 skrev Det var ikke lang tid vi var oppe 70 kr…
Bra fart i borr i kveld, Kanskje shorterne får brent seg litt fremover ?? Sdrl går også men der er det ikke mye short,
bellx
17.07.2024 kl 22:01
495
Sluttet på ca.75,40 i usa i kveld.for en tid tilbake ble det skrevet mye på forumet om borr nå er det nesten ingenting.Mange som har blitt ristet ut av shorterne??denne er en av de beste tradingaksjene på ose
Dølle
17.07.2024 kl 23:11
449
Borr har aldri hatt en forum fokus blant skikkelige investorer, kun en og annen med gode innlegg. Borr har bra trykk nå, aner ikke hvorfor... men det er muligens en sektorrotasjon hvor rigg får fokus fremover.Short er seig som f....men har gått noe ned. Og som trading aksje er den som du sier helt suveren, selv om jeg selv aldri har vært god på den type timing.