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Valaris (VAL) Soars Following Merger News with Transocean

The share price of Valaris Limited (NYSE:VAL) surged by 53.76% between February 6 and February 13, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Valaris Limited (NYSE:VAL) provides offshore contract drilling services in Brazil, the United Kingdom, the US Gulf of Mexico, Australia, Angola, and internationally.

Valaris Limited (NYSE:VAL) skyrocketed on February 10 following reports that Transocean had agreed to acquire the company in an all-stock deal valued at around $5.8 billion, creating an offshore drilling industry leader with a fleet of 73 rigs, including 33 ultra-deepwater drillships, 9 semisubmersibles, and 31 modern jackups.

Under the terms of the agreement, Valaris Limited (NYSE:VAL) shareholders will receive a fixed exchange ratio of 15.235 common shares of Transocean stock for each Valaris share. The combined company will have an enterprise value of roughly $17 billion, with Valaris shareholders owning approximately 47% and the remaining 53% going to Transocean shareholders. The transaction is expected to close in the second half of 2026.

Anton Dibowitz, CEO of Valaris Limited (NYSE:VAL), commented:

”By combining with Transocean, we will create a new industry leader for the benefit of our shareholders, customers and employees. We look forward to complementing Transocean’s high-specification deepwater assets with our own, while returning world class jackup expertise to Transocean’s business, creating a combined company that is capable of operating any rig at any water depth in any offshore environment around the world.”

While we acknowledge the potential of VAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VAL and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 High Yield Utility Stocks to Buy in 2026 and 10 Best American Oil and Gas Stocks to Buy

Disclosure: None.

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