Let's make this quick.
Quick overview
Oil is a big deal.
Trump doesn't have an off ramp in sight with Iran.
Oil companies are making bank
We need more oil.
More oil means more bank.
Oil is underground.
Oil companies need to dig underground.
Borr Drilling provides jack up rigs for off shore drilling.
They have the youngest and most modern jack up rigs.
They focus on shallow water drilling. This cuts down lead times and break even pricing ($40 a barrel!!)
Oil is at $80+ and has been for months.
Insiders have bought more than $7 millions in shares this month.
They recently restructured their debt. Most maturities not due until 2032 to 2034.
They currently have a $1.13 billion backlog.
Positions:
50 Feb 19th 2027 $5 calls.
Sold 10 Sept 18th $5 PUTS