Let's make this quick
We need oil.
Trump doesn't have an off ramp with Iran.
Oil prices are $80+ and have been so for months.
Oil companies are making bank.
Oil companies will make more bank with more oil produced.
$BORR provides Jack up rigs for shallow water drilling.
They have the most modern and youngest fleet of jack up rigs.
They have a backlog of $1.13 billion for more rigs.
They focus on shallow water drilling that cuts down lead time and makes the break even for oil at $40!!!
They restructured their debt, with most maturities coming in at 2032 to 2034.
Insiders have bought more than $6 million in shares this month.
Positions are posted.
50 Feb 19th 2027 $5 calls
Sold 10 Sept 18th $5 PUTS.