Professional
Added to YB: 2024-07-30
Pitch date: 2024-07-21
VAL [bullish]
Valaris Limited
+29.27%
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, Gulf of America, Australia, Angola, and internationally.
Market Cap
$7.9B
Pitch Price
$78.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.84
P/E
7.96
EV/Sales
3.81
Sector
Energy Equipment and Services
Category
value
Praetorian Capital Fund Portfolio Holding: Valaris Limited
VAL: Offshore driller awaiting new contracts at 2x+ current rates. Mgmt likely trading price for longer durations. Cheapest large driller by EV/rig despite top fleet & strong balance sheet. New contract announcements could trigger significant share price jump. 2nd largest position (common + warrants) as of June-end.
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