Is Borr Drilling a Buy After Director Tor Olav Troim Buys 200,000 More Shares?
Insider purchased shares at $4.37 each, bringing total beneficial ownership to ~29.5 million shares amid company's $240.6 million trailing net loss.
Overview
Tor Olav Troim, a Director of Borr Drilling Limited (NYSE:BORR), purchased 200,000 shares on August 25, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($4.37).
Details
Borr Drilling Limited is a mid-cap offshore drilling contractor with a market capitalization of $1.3 billion and trailing twelve-month (TTM) revenues of $1.0 billion, operating a specialized fleet of jack-up rigs across multiple global regions. The company's business model centers on providing essential drilling infrastructure and services to exploration and production operators, positioning it as a critical service provider in shallow-water oil and gas development. Despite current net losses of $240.6 million on a TTM basis, the company maintains operational scale and geographic diversification that support its competitive positioning in the offshore drilling sector.
Source
Originally published at www.fool.com.