Added to YB: 2026-02-10
Pitch date: 2026-02-08
BORR [neutral]
Borr Drilling Limited
+11.03%
current return
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the United States, the Middle East, South East Asia, Europe, Latin America, and West Africa.
Market Cap
$1.7B
Pitch Price
$5.39
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.92
P/E
20.14
EV/Sales
3.47
Sector
Energy Equipment and Services
Category
turnaround
The Pale Blue Dot | Portfolio Update - Borr Drilling Limited
BORR (trimmed position): Acquired 5 jackups from Noble for $360M (~$20-50M below fair value). Projecting $800M-1B EBITDA at $160-180K dayrates, but currently contracted at lower $139-145K rates. 20%+ FCF yield potential if higher rates materialize. Trimmed 50% as stock front-running contracting outcomes; NOC risk remains.
Read full article (2 min)