Apr. 27 at 1:21 AM
🔥 Offshore drillers quietly heating up…
$NE
Just went through
$NE Q1 — and what stands out isn’t hype, it’s cash flow.
$786M revenue →
$277M EBITDA →
$169M FCF
That’s real operating strength.
More important👇
👉 2027 contract secured for last available 6G semi-sub (Deliverer)
👉 Day rate in the mid/high
$300K range
What does that tell me?
Not peak cycle — but tight supply + strong pricing
My approach👇
• Not just
$NE — watching the whole group
→
$RIG $VAL.X
$SDRL
• If oil holds + day rates stay firm
→ FCF across the sector keeps surprising
• Strategy:
👉 Buy dips, not chase spikes
👉 Add on confirmation, not headlines
Market hasn’t fully priced this yet.
Once money rotates into cash flow + long-term contracts,
this space can move fast.👉If this is helpful to you, tap @LiveCommander
