![]() Q2 revenue was $247.5 million, up from $215.8 million a year ago. ![]() With shale plays from California to the Mid-Atlantic, Archrock is one of the leading companies in the U.S. It’s also important for both industrial and commercial use because people using natural gas need to be under specific pressure to be released and used. It also supplies aftermarket services to customers who own their own natural gas compression equipment.Ĭompression is important because gas that is under higher pressure can be transported over long distances via pipelines. Archrock (AROC)Īrchrock (NYSE: AROC) provides natural gas compression services to the oil and natural gas industry. This may be an opportunity to buy BORR stock at a discount.īORR has an “A” rating in the Portfolio Grader. The demand for oil and gas will remain consistent, despite efforts from environmentalists to find clean energy solutions. That move pushed Borr stock down 16% in August, but it’s still showing a gain of 41% for the year. Unfortunately for investors, Borr diluted shareholder value somewhat in August by issuing 1 million new common shares. It currently has 22 rigs, with two more under construction.Įarnings for the second quarter included revenue of $187.5 million, up 78% from a year ago. The company’s rigs can drill as deep as 35,000 feet while operating in water depths of up to 400 feet. The company operates jack-up rigs that provide drilling services to oil and gas exploration and production companies. Borr Drilling (NYSE: BORR) is a Bermuda-based international drilling contractor.
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