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Borr Drilling (BORR) Fell This Week. Here is Why

The share price of Borr Drilling Limited (NYSE:BORR) fell by 13.69% between December 10 and December 17, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Borr Drilling Limited (NYSE:BORR) is an offshore shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas industry.

Borr Drilling Limited (NYSE:BORR) slid after announcing an equity offering of 21 million shares on December 8, expecting to raise $84 million in gross total proceeds. The company has priced the offering at $4 per share and plans to use the proceeds for the acquisition of five jackup rigs from Noble Corporation plc (NYSE:NE) for $360 million and for general corporate purposes.

The deal will be financed through $150 million in additional senior secured notes due 2030 and $150 million seller’s credit due 2032, on top of the equity offering. The acquisition, expected to close in Q1 2026, will expand Borr’s fleet size to 29 rigs.

Bruno Morand, CEO at Borr Drilling Limited (NYSE:BORR), commented:

“This acquisition represents a compelling strategic and financial opportunity for Borr Drilling. We are acquiring these rigs at an attractive price and at a point in the jack-up rig cycle where demand is showing signs of strengthening. We expect the transaction to be immediately accretive to Adjusted EBITDA and reduce our debt per rig. The Borr Drilling’s platform – built on operational excellence, customer centricity, and our premium jack-up fleet – remains our defining competitive advantage. We believe this expanded platform will deepen customer relationships and drive attractive long-term value for shareholders.”

While we acknowledge the potential of BORR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BORR and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Retirement Stock Portfolio: 11 Energy Stocks to Buy and 11 Best Utility Stocks to Invest in According to Hedge Funds.

Disclosure: None.

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