Adj. EBITDA of USD 3.7m below our USD 8.2m estimate
Deviation mainly due to standby time on 2 jackups in Mexico
Expect to have 17 jackups operating by YE - up from 13 today
Neutral report - soft Q2 figures offset by better cash collection in the JV
31 Aug 2021
Arctic Credit FLASH: Borr Drilling - Q2/21: Finally seeing cash inflow from its JV
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Arctic Credit FLASH: Borr Drilling - Q2/21: Finally seeing cash inflow from its JV
Borr Drilling Limited (B2W:FRA) | 0 0 0.0%
- Published:
31 Aug 2021 -
Author:
Sebastian Grindheim -
Pages:
7 -
Adj. EBITDA of USD 3.7m below our USD 8.2m estimate
Deviation mainly due to standby time on 2 jackups in Mexico
Expect to have 17 jackups operating by YE - up from 13 today
Neutral report - soft Q2 figures offset by better cash collection in the JV