/biz/ - Business & Finance

Borr Drilling Limited - Appointment of Christoph Bausch as CFO
PRESS RELEASE PR Newswire
Oct. 14, 2020, 08:40 AM
OSLO, Norway, Oct. 14, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BDRILL) is pleased to announce the appointment of Christoph Bausch as its new Chief Financial Officer, replacing Mr. Francis Millet with effect from 1 November 2020.

Patrick Schorn, Chief Executive Officer, commented:

"I am pleased to announce Christoph as the new Chief Financial Officer of Borr Drilling. Christoph has been Chief Financial Officer of NYSE and OSE listed oilfield service companies for many years and brings extensive industry and financial experience. His deep knowledge of the contract drilling business combined with his experience in financial restructuring will be of tremendous help to support Borr's strategic plans in a challenging operating environment. I also want to thank Francis for his dedication and many contributions to Borr's significant development during this critical time."
Borr Drilling (BORR) has recently announced that it was contemplating offering of $40 million - $50 million and that it managed to extend maturity of $595 million of loan facilities until January 2023. Borr Drilling continues its attempts to improve its liquidity profile for the near future.
BORR is easily a $20 stock, better get in while you can get 2 shares for a dollar.

>>23108618
I'll put a word in for you but no promises bud.

>>23062766
>oil is a bad investment
Maybe when international shipping and domestic trucking has slowed down for Covid. Saudi oil is naturally volatile because of Saudis neighbors. I would consider drilling oil as well. I guess the biggest appeal of BORR is with how cheap it is you can stock up on shares now and buy into a relatively promising future. Oil may be on the way out but we've still got decades of reliance ahead of us especially with many developing economies.

Is this bullish?