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Cuba is said to face potential breakdown as U.S. squeezes Venezuelan oil:
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J.P. Morgan sees mostly positive outlook for aerospace, mixed signals for defense:
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James Grant says his best stock pick of 2025 may still be cheap Borr Drilling (BORR), the standout performer among James Grantâs recommendations this year, could still represent compelling value despite its remarkable run-up, according to the veteran financial commentator. The shallow-water drilling company has outpaced the S&P 500 (SPY) (IVV) (VOO) by an impressive 87.8 percentage points since Grantâs Interest Rate Observer made the bull case on August 1. Yet Grant believes the opportunity may not be exhausted. On Dec. 8, Borr announced plans to expand its fleet of 24 shallow-water drillships by acquiring five additional jack-ups from Noble (NE) for $360M, financing the deal through a combination of new shares and debt. The acquisition comes at a time when the market for these vessels is rapidly tightening. Marcelo Lopez, chief investment officer of L2 Capital Partners and Grantâs original source for the idea, points to several factors creating a potential supply squeeze. âThe utilization rate is already above 90%,â Lopez writes on Substack, âwith no new jack-up rigs currently under constructionâwhile there have been some orders, no steel has been cut as of yet.â The supply picture is set to tighten further. Lopez notes that nine jack-ups are expected to be retired from the market this year, with even more retirements anticipated in 2026. âIf 20 jack-ups are retired over the 2025â26 period, this will reduce the overall fleet by about 5%.â Should this anticipated supply crunch drive day rates from the current $145,000 to $200,000, Lopez concludes that âBorr may still be trading at less than 1x Ebitdaâ - a valuation that would suggest significant upside remains. Borrâs success has helped boost Grantâs overall track record for the year. The 39 ideas featured in Grantâs Interest Rate Observer outperformed the market by an average of 4 percentage points, with performance measured relative to the S&P 500 in dollar terms from each ideaâs publication date. #BTCVSGOLD #NasdaqTokenizedTradingProposal #GoldPriceRecordHigh #CPIWatch
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White House says Supreme Court tariff reversal unlikely to trigger refunds
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maybe itâs time to chillax.. sometimes the best trade is stepping back... #BinanceAlphaAlert #USNonFarmPayrollReport #USBitcoinReservesSurge $SOL
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