Why These Energy Stocks are Losing This Week

5. Borr Drilling Limited (NYSE:BORR)

Share Price Decline Between Feb. 24 and Mar. 3: 20%

Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry.

Borr Drilling Limited (NYSE:BORR) stated in its Q4 2024 earnings call that the softening demand and declining day rates in the second half of last year signaled potential headwinds for the global jack-up market heading into 2025. The company anticipates that the market will continue to face uncertainties this year. Moreover, Borr’s Q1 2025 will be negatively impacted by suspensions of three rigs in Mexico, in addition to idle time on Arabia One and the Vale.