Professional
Added to YB: 2025-01-15
Pitch date: 2025-01-12
VAL [bullish]
Valaris Limited
-30.67%
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
$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.
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