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Stock impact report

Borr Drilling could form joint ventures to free up cash -CFO [Reuters]

Borr Drilling Limited Common Shares (BORR) 
Company Research Source: Reuters
Borr Drilling Ltd (BDRILL.OL) Key Developments | Reuters.com Aug 29 (Reuters) - Borr Drilling Ltd's CEO said::BORR DRILLING CEO SAYS "THERE IS A HUGE SPIKE" IN TENDERS IN THE LAST COUPLE OF MONTHS, WITH BORR CURRENTLY BIDDING IN 20 TENDERS. Full Article Aug 29 (Reuters) - Borr Drilling Ltd told a conference call on Thursday::CFO SAYS THE COMPANY IS LOOKING AT FORMING JOINT VENTURES TO FREE UP ADDITIONAL LIQUIDITY.CEO SAYS HE EXPECTS BORR'S 8 WARM-STACKED MODERN RIGS TO BE CONTRACTED WITHIN THE NEXT SIX MONTHS.CEO SEES DEMAND FOR JACK-UP RIGS RISING IN MEXICO AS GOVERNMENT SEEKS TO COUNTER OIL OUTPUT DECLINE.CEO SAYS FIVE NEWBUILT RIGS ACTIVATED IN Q2 ARE EXPECTED TO GENERATE A COMBINED $18 MILLION IN ANNUAL EBITDA. Full Article Aug 29 (Reuters) - Borr Drilling Ltd ::Q2 OPERATING REVENUES OF $86.6 MILLION, NET LOSS OF $103.2 MILLION AND ADJUSTED EBITDA OF NEGATIVE $4.9 MILLION.Q2 2018: EBITDA $3.2 MILLION; OPERATING REVENUE $51.1 MILLION; NET LOSS $7.4 MILLION AS REPORTED ON AUG Show less Read more
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