Professional
Added to YB: 2024-12-09
Pitch date: 2024-12-08
VAL [bullish]
Valaris Limited
-25.14%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. Sign up for the newsletter.
Company Info
Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, U.
Market Cap
$2.2B
Pitch Price
$42.60
Price Target
N/A
Dividend
N/A
Sector
Energy Equipment and Services
Category
turnaround
Valaris Limited: Positioned for Cash Flow and Buyback-Driven Growth
VAL: World's largest offshore drilling fleet at 10% replacement cost. $2B EBIT backlog + ARO JV nearly covers $4B EV. High-spec rigs, consolidating sector. Buybacks accelerating. Offshore gaining vs shale: lower breakevens, better IRRs. CVX shifting to offshore. Upside in day rates.
Read full article (2 min)