James Grant says his best stock pick of 2025 may still be cheap

James Grant highlights Borr Drilling (BORR) as a top stock pick for 2025, noting its significant outperformance of the S&P 500. Despite its rise, Grant sees further value, especially after Borr's acquisition of five jack-up rigs from Noble for $360M. Marcelo Lopez of L2 Capital Partners points to a tightening market, with high utilization rates and potential supply shortages, suggesting Borr's valuation remains attractive. Grant's recommendations have outperformed the market by 4 percentage points this year.

Reassessing Noble (NE) Valuation After Jackup Sale, Globetrotter Move and a Major Analyst Downgrade

Noble (NE) is undergoing strategic changes by selling jackup rigs and focusing on deepwater environments, despite a major analyst downgrade. The stock is considered undervalued, with potential growth in ultra-deepwater drilling by 2026-2027. However, near-term challenges like rig oversupply could affect recovery. Analysts have mixed views on its valuation, with some seeing it as a discount opportunity. The article offers a detailed analysis but is not financial advice.

OMV Petrom Launches Offshore Exploration Drilling in Bulgaria’s Han Asparuh Block

OMV Petrom, in partnership with NewMed Energy, is launching an offshore exploration drilling campaign in Bulgaria's Han Asparuh block. The campaign involves the Noble Corporation's Globetrotter I drillship drilling the Vinekh-1 well, with a total investment of approximately 170 million euros. The project, lasting about five months, aims to strengthen OMV Petrom's presence in the Black Sea and support regional energy security. Halliburton and SLB are involved in providing drilling services and well testing, respectively.

Trending | NE Plummets 5% last Friday, Some Put options Soar 200%

On December 12, Eastern Time, Noble options saw a total of 191173 contracts traded, with calls accounting for 99% and puts making up 0%.

Borr Drilling shares are trading higher after the company announced an agreement to acquire five premium jack-up rigs from Noble Corp. for $360 million. The company also announced the pricing of its $84 million public offering of 21 million shares at $4.00 per share.