| | | BORR Drilling.
Another driller in case you have not heard of it. They are a young global driller, with a nice fleet of jack ups, that can work in up to 400 ft. of ocean depth.
Very high debt to equity ratio, but a trip back to 20 bucks would change that picture rather dramatically.
Will be interesting to see how BORR performs vis a vis RIG, going forward.
If you want some leverage, buy BORR and/or RIG, if you want to sleep well, buy PTEN and HP.
Tweets
Not sure the low is in, 50/50.
A while back I thot crude had bottomed, when it popped up above 70. It had not. So I went back LT and looked in some detail at the LT cycles. Crude has a very repetitive longer term cycle in the ~ 11.5 range, with the half cycle at 5.75. WTIC is in the window for a major bottom, any day now. Would be nice to get a spike low below 55, but not guaranteed. The next big peak in crude is quite a ways down the road. Jmo but the general markets should go with.
And inflation is going to up with crude, a reasonable amount. Gasoline, diesel which we use for heating oil, bout as cheap up north as I can remember.
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