Borr Drilling Limited (NYSE:BORR) Stock is Up 10% in a Month: Here is Why
Borr Drilling Limited (NYSE:BORR) has gained 10% in a month. The company announced securing a letter of Award for its high-quality jack-up boring rig “Mist” for a Southeast Asia operator. The program will commence on November 2021 for seven months, including options. Most importantly, the net start-up cash cost for the rig will be $1.75 million. The LOA will be converted into a contract increasing Borr Drilling’s contracted fleet rigs…