Borr Drilling: 3 Reasons To Look Beyond The Current Selloff
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Borr Drilling's stock has experienced a sell-off due to Aramco suspending one of its rigs and its de-listing from the Oslo exchange. However, the company is expected to generate a 20% free cash flow yield next year.
November 25, 2024 | 5:45 am
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Borr Drilling's stock is under pressure due to Aramco suspending a rig and its Oslo de-listing. However, the company is projected to achieve a 20% FCF yield next year.
The suspension of a rig by Aramco directly impacts Borr Drilling's operations, leading to a sell-off. The Oslo de-listing further pressures the stock as institutional holders may be forced to sell. Despite these challenges, the company's strong projected FCF yield suggests potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100