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Valaris Limited (VAL): A Bull Case Theory

We came across a bullish thesis on Valaris Limited on Valueinvesting subreddit by Rich_Okra5720. In this article, we will summarize the bulls’ thesis on VAL. Valaris Limited's share was trading at $48.69 as of July 30th. VAL’s trailing and forward P/E were 11.48 and 13.79 respectively according to Yahoo Finance.

[caption id="attachment_1223378" align="aligncenter" width="768"] A large oil drilling platform in the ocean, surrounded by turbulent waters.[/caption]

Valaris (VAL), the world’s largest operator of high-spec offshore drilling rigs, is a deep-value play hiding in...