BORR stock | Two year later | Up to $6.00/ share

Feb. 24, 2023

I learn lessons from my investment experience on BORR stock. The stock went to merge 2 to 1 share, and then went up to $6/ share. 

Here are blogs related to BORR stock. 

Case study: GTE, RIG, BORR stocks | GTE stock Aug 19 0.45/ share -> Oct. 5, 0.94/ share, 100% gain

 Oct. 4, 2021

My purchase and sold detail 

Aug. 19, 2021 | GTE my position with over 30% loss | Purchased $15,000 RIG stock instead

Aug. 19 to Oct. 5, 100% return 

I have knowledge of GTE stock and analysis of capital market value learned from my research, what I need to work on is to have confidence, and learn how to hold on those positions. 

March 28 2021 stock purchase: GTE.TO 6600 shares | BORR 2000 shares | biotech stocks

 March 20, 2021

BORR, GTE.TO stock: Oil Falls By Most in 6 Months as Recovery Falters, Dollar Gains

March 18, 2021

Introduction

I had strong allergy about pollen, so I stayed at home. I made purchase of 6000 shares of GTE.TO stocks and 2000 shares of BORR. I like to look into Crude oil price drop. 

Crude oil

Here is the article.  

Oil plunged by more than 6% to the lowest since September as vaccination efforts in some parts of the world stalled, casting uncertainty over the speed of an economic recovery and a full rebound in global oil demand.

West Texas Intermediate crude futures are headed for the longest stretch of daily losses in more than a year. China lifting less crude and U.S. Gulf Coast refineries still recovering from a cold blast last month have put short-term pressure on physical oil demand. Meanwhile, some efforts to distribute Covid-19 vaccines have faltered and a stronger dollar is reducing the appeal of commodities priced in the currency.

The collapse in prices has wiped out two weeks worth of gains for the U.S. benchmark crude and represents a setback for a market that has otherwise staged a remarkable recovery since the depths of the pandemic. Oil futures are still up well over 20% since the start of the year with the world’s largest oil producers reining in supply and travel around the world recovering post-lockdowns.

“Short-term supply and demand considerations are temporarily casting a shadow over the bright future that is likely to arrive in the third quarter of the year,” said Tamas Varga, an analyst at PVM Oil Associates Ltd.

Oil’s move lower may also be linked to some unwinding of long positions by commodity trading advisors as daily price gains or losses of more than 3% can often trigger funds to quickly unload. “This is a risk-off moment with some of the cyclical trades,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management.

Beyond headline prices, crude’s closest timespreads are signaling that, despite the outlook for a longer-term recovery, near-term demand remains fragile. WTI’s front-month contract is trading at a discount again to the following month, while Brent’s backwardation -- a bullish structure signaling tighter supplies -- is weakening.

Stock investment: A beginner | 2020 | 2021 | Ameritrade.com | Cost basics

 March 5, 2021

Introduction

It is hard for me to learn how to invest as an active investor. I did not have chance to make profit on my TFSA $64,000 dollars, but I managed to make some profit so far on my USA Ameritrade.com IRA account. 

2021

2020

Actionable Items

I plan to purchase 200 shares of BORR at price of 1.27 the first thing in the morning of next Monday, March 8, 2021. I should train myself to be patient. Keep learning more about BORR as a business. BORR was one of four oil stocks under risk of bankruptcy in 2020. 

I also plan to purchase another 300 shares of RIG. I sold at loss as well. 

Transactions: 

BORR

2/16/2021  1.47 x 200, -294

2/24/2021  1.32 x 200, 263, 

Loss $31

BORR price on March 5, 2021  1.26

My equity research

I did not work on vaccine research, and I did not follow the update until the stock market went up so quickly with vaccine news. This part is my research interest. I should put it in highest priority. 

Next I spent too much time to speculate the price change. Another thing is to sell the stock with loss. I just could not believe what I did to buy high and sell low. 

CRTX stock

I chose to purchase CRTX to purchase, since it went down 38%. And then it took me 8 business day to use less than $3500 capital to make over $500 profit. 

It takes time for me to learn value investing. Once I learn the marginal safety, I choose to purchase those to stock with over maximum plunges, and then try to catch a rebound. 

Now CRTX is $37.99 on March 5, 2021, and the plunge on Feb. 16 was from $47.47/ share to $30.72/ share. I do believe that I should keep the last time purchase on Feb. 26, 2021 until March 5, 2021. 

The idea to make money

From March 2020 to December 2020, I did purchase at lowest price with good quality stocks. But I did not know how to make money by holding them until March 2021. Just add more shares when the stock price goes down. 

Hold a stock until the stock is overbought, if possible more than 100% compared to lowest price in 52 weeks. 

BORR stock: Another OAS? Possible 800 times return?

 John Bromels (Borr Drilling): Offshore rig operator Borr Drilling just released a Q1 financial update and a fleet status report on May 20, and neither one was pretty. 

Of the 30 drillships in the company's fleet at the end of 2019, four have been sold. Another three received early termination notices in May, joining 11 other ships in "stacked" (idle) status. That means that of the company's now-26-ship active fleet, more than half (14) are neither generating revenue nor under contract to do so in the future. 

With $1.8 billion in debt on its books and just $13.2 million in cash, the company is facing a liquidity crisis. In its update, Borr announced it was involved in a "tender processes which might lead to sale of certain modern assets," was negotiating "postponement of certain yard commitments, adjustment in covenants and reduced [amortization] as well as deferring cash interest payments" with creditors and shipyards, and has "received certain waivers from its lenders, including ... interest payment deferrals." On top of that, it reported a Q1 net loss of $87 million. 

Basically, Borr is scrambling to stay afloat (no pun intended) by any means it can, whether that's selling its rigs or renegotiating the terms of its credit. But if the sales don't go through or lenders refuse to extend more generous terms, Borr may have no choice but to declare bankruptcy. 

Borr stock: Why Borr Drilling Stock Is Plunging Today

Feb. 20, 2021

Here is the article. 

Here are highlights:

1. A liquidity improvement plan of around $925 million over the next two years
2. The proposed agreement would defer several of Borr's upcoming debt maturities until 2023 if it can raise $40 million by selling new equity. 
3. If the original deal falls through, a major Norwegian bank and British fund have reportedly mulled taking over, splitting up, or selling Borr Drilling. 
4. the brink of bankruptcy in the wake of last year's crash in crude oil prices

What happened

Shares of Borr Drilling (NYSE:BORR) slumped by as much as 13.6% on Wednesday morning, and were still down by about 8.7% as of 11:51 a.m. EST. Weighing on the oil stock was a Norwegian newspaper report that two of its creditors were discussing potential alternative plans.  

So what

In late December, Borr Drilling updated investors on its plans, stating that it was actively working with creditors to shore up its liquidity. At the time, it said it had "considerable support of all secured creditors" for a liquidity improvement plan of around $925 million over the next two years. The proposed agreement would defer several of Borr's upcoming debt maturities until 2023 if it can raise $40 million by selling new equity. 

The company had hoped to close the equity issuance and lender support agreements by the end of January. However, a Norwegian newspaper report suggests that at least two lenders might not be on board with this plan, as they're discussing potential alternative solutions. If the original deal falls through, a major Norwegian bank and British fund have reportedly mulled taking over, splitting up, or selling Borr Drilling. 

Now what

Borr Drilling has been teetering on the brink of bankruptcy in the wake of last year's crash in crude oil prices. While the company believes it has a plan to make it through this downturn intact, some of its creditors appear to have other ideas. Given the offshore drilling company's precarious financial position, investors should steer clear of this oil stock.