Added to YB: 2026-03-09
Pitch date: 2025-12-28
NORAM.OL [bullish]
NorAm Drilling AS
+43.95%
current return
Author Info
No bio for this author
Company Info
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States.
Market Cap
NOK 180.1M
Pitch Price
NOK 31.05
Price Target
100.00 (+132%)
Dividend
10.67%
EV/EBITDA
8.60
P/E
12.23
EV/Sales
1.68
Sector
Energy Equipment and Services
Category
dividend
NorAm Drilling AS - $NORAM.OL
NORAM.OL: 11 Ultra Super Spec rigs in Permian at 1/3 replacement cost, lowest cost/operating day. 10/11 rigs working (91% util), 15% current div yield, 19% at full util, 32% FCF yield at dayrate parity w/ peers ($30k vs $25-26k). OBBBA catalyst: 6% industry EBITDA boost from tax cuts, accelerated depreciation, streamlined permitting. 2.6x upside to NOK80+ as market tightens & rates converge.
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