$BORR founder has been buying shares like there is now tomorrow, because he now believes he’s at an infliction point where cycle is turning. Q1 2026 he owned roughly 8% now he owns ~11.3% after he bought 9.2M new shares this year worth $42M. Why is he so bullish you might wonder? Well, BORR has been going through a pretty solid transformation with a series of positive news coming out over past few weeks: 1. Debt pushed way out, they swapped the old loans for new ones that aren't due until 2032 to 2034, so there's no big bill coming soon, and the interest is cheaper. 2. They had a bad Q2 which now looks like it was temporary because several rigs were between jobs and one rig (the Odin) cost a lot to get ready and had too much idle time. Those rigs are back at work, and management expects Q3 profits to be much better. 3. Most of the year is already booked. About 73% of the fleet's 2026 days are under contract, at around $134,000 per rig per day. 4. They bought more rigs cheap after partnering with another company on splitting the cost of five more rigs for $287 million, so Borr didn't have to put up much of its own money. 5. They also signed a lot of new contracts, since mid-September, five rigs have won new jobs or had customers extend existing ones, including Shell and ENI. Now look at when he’s buying after major events or news comes out. Q2 results came out Aug. 11th and he bought more shares Aug. 13th. An update on the Odin rig went out Sep. 15th, and he bought a million shares Sep. 16th. New contract awards were announced September 30, and he bought 4.25 million shares from Oct. 5th to 7th I am SUPER bullish on BORR with a substantial call options position with strikes at $7.5 and $9.
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3 Comments
Blair
@tackaberry17 · 35m
✅️ Jan 2027 expiration dates for your Calls ?
CoderDonna @coderdonna · 41m
I just sold that last month to fund my buying
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