Mojolicious is a modern, real-time, open-source Perl web framework designed for building high-performance web applications and microservices. It provides a full-stack solution with features like routing, templating, and a WebSocket server, while also supporting micro-framework development. The framework emphasizes minimalism, Read more…
Original FirmWare Links
DNS-320L SetUp Reading List
ALT-F Research Links
ALT-F FirmWare
HowTo Videos
https://x.com/Kacper_PK_CH/status/1974130899714269228
Nickel – the quiet setup All eyes are on precious metals. It’s understandable: gold and silver just had their best 2-year run in decades. But to win big in commodities, you need to target what’s ignored. First in my series of forgotten ones, we’ll cover how to play it and the key nickel equities. Assembled by my AI analyst, it's improving – less mistakes and no hallucinations.
High-exposure Producers
Medium-exposure Producers
Low-exposure Producers (diversified majors)
Notes
Research Links
Summary
Offshore is shifting toward dense, near-shore programs led by national oil companies across the Middle East and Asia. Budgets run for years, and the rigs doing most of the work are jack-ups; fast to move, quick to drill, built for repeat campaigns. With limited new supply and tight schedules, operators are prioritizing reliability and continuity.
Borr Drilling is set up for this. It runs a young, modern jack-up fleet in the basins that matter; Saudi Arabia, the UAE, Qatar, Southeast Asia, Mexico, and West Africa; for major state operators. Contracts are moving to better terms, gaps between jobs are small, and debt is coming down. This note explains what that means for cash and value, and what to watch next.
1.1 Why the outlook is strong
Day-rates have doubled. Premium rigs now earn $130–150k/day, compared with $70–80k/day just three years ago.
Utilization is tight. Roughly 91% of modern rigs are working, near full levels for this market.
Little new supply. Only about 11 rigs are under construction worldwide (~2.5% of the fleet), meaning today’s shortage won’t be solved quickly.
Long-term programs. Middle Eastern and Asian oil companies are already extending drilling commitments well into the late 2020s.
1.2 Where the earnings come from
Investors often look at BORR’s backlog and assume the growth story is limited. But many rigs are still finishing older contracts signed at much lower rates. As these contracts roll off, they are reset to today’s higher levels, often close to double.
This means its cash flow is set to rise quarter by quarter without adding a single new rig. In the meantime, the company has been improving its balance sheet: in Q2 it repaid about $67M of debt and added around $200M in liquidity. Less financial pressure means more of the new cash flow will reach shareholders.
Notes:
Research Links
Listed Issuer Financing Exemption
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Units under the Offering will be offered for sale to purchasers resident in all of the provinces of Canada with the exception of Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Unit Shares and the Warrant Shares underlying the Units are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). All securities not issued pursuant to the Listed Issuer Financing Exemption will be subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the Closing Date.
Real Estate 272 Hectare Farm with Trees House Barn
Research Links
