Professional
Added to YB: 2024-07-30
Pitch date: 2024-07-21
VAL [bullish]
Valaris Limited
-31.32%
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
$3.9B
Pitch Price
$78.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.66
P/E
9.97
EV/Sales
1.82
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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