BDRLF - Borr Drilling Is A Buy At Current Levels
Prospector 5
Borr Drilling (BDRLF) has recently reported its Q4 results, fleet status report and held conference call. Let's look at how the emerging leader in the jack-up space is feeling in the current environment.
Borr reported revenues of $53.5 million and a loss of $110.7 million, driven by losses on forward contracts as well as depreciation expenses. The company's cash flow was negative in the fourth quarter of 2018, but Borr expects it to go into the positive zone by the end of the second quarter of 2019 based on