 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Borr Drilling Limited (BORR) operates as an offshore drilling contractor to the oil and gas industry worldwide. 
It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.
The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs.
Oil prices are trading above $120 per barrel as the summer driving season begins in the US and EU bans most of Russian oil imports. Oil prices are expected to stay elevated and driller such BORR are expected to benefit from this trend. Shares are heading higher in an upward trading channel.
Entry Price: $6.25
Trading Range: $1.12 to $6.96
Stop Loss: $5.80
Target Price: $7.00
