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Valaris Limited (VAL): A Bull Case Theory 

We came across a bullish thesis on Valaris Limited on DeepValue Capital’s Substack. In this article, we will summarize the bulls’ thesis on VAL. Valaris Limited's share was trading at $56.91 as of December 2nd. VAL’s trailing and forward P/E were 10.09 and 17.45 respectively according to Yahoo Finance.

[caption id="attachment_977398" align="aligncenter" width="768"] Photo by Viktor Kharlashkin on Unsplash[/caption]

Valaris (VAL) is the world’s second-largest offshore drilling contractor, positioned as a cyclical play on the accelerating offshore oil recovery. The...