Will borr become one of the top gainers based on the news released on Friday post market

Borr Drilling (BORR) is not likely to become one of the top gainers based on the news released on Friday, October 25, 2024. Here's why:

1. Earnings Release and Financial Results: BORR announced certain preliminary unaudited results for the quarter ended September 30, 2024, expecting total operating revenues of approximately $242 million, operating income of approximately $84 million, and Adjusted EBITDA of approximately $116 million. While these figures indicate a solid performance, they are not necessarily indicative of a significant gain in the stock price.
2. Cash Position and Credit Facility: The company announced a pricing of an offering of additional 10.375% senior secured notes due 2030 for gross proceeds of $175 million. While this financing could be used for the acquisition and activation costs of a newbuild rig, it does not necessarily imply a strong immediate gain in the stock price.
3. Delisting Proposal: The anticipated delisting of Borr Drilling from the Oslo Stock Exchange due to a delisting proposal could potentially lead to a negative sentiment among investors. This news might not contribute to BORR becoming a top gainer.
4. Market Reaction: The absence of specific information on how the market reacted to these news items makes it difficult to assess the likelihood of BORR becoming a top gainer. Without knowing the extent of investor optimism or pessimism, it's challenging to make a definitive conclusion.

In conclusion, while BORR has some positive developments, such as a strong expected Adjusted EBITDA and significant financing, the delisting proposal and the lack of specific market reaction data make it unlikely to become one of the top gainers based on the news released on Friday, October 25, 2024.