Professional
Added to YB: 2025-01-15
Pitch date: 2025-01-12
VAL [bullish]
Valaris Limited
+5.41%
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 Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific.
Market Cap
$3.5B
Pitch Price
$46.00
Price Target
N/A
Dividend
N/A
Sector
Energy Equipment and Services
Category
growth
Praetorian Capital Portfolio Holding: Valaris Limited
VAL: $3.15B mkt cap, $800M net debt. 12 7G & 1 6G Drillships, 5 Semi-Subs, 33 JUs, 50% JV w/ 9 JUs. $560M-$1.65B FCF potential. Dayrates rising, contracts renewing. 5.1% shares repurchased. Strong backlog, low risk. Upside: $3B+ FCF, $45B valuation possible. Short-term pressure from rate pause.
Read full article (8 min)