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Valaris: Outlook Improves As Company Is Set To Reactivate Rigs

Aug. 04, 2021 12:12 AM ETValaris Limited (VAL)32 Comments
Vladimir Zernov profile picture
Vladimir Zernov


  • Valaris released Q2 earnings report and a new fleet status report, which contains major developments.
  • The company received several long-term contracts and will reactivate floaters.
  • This is a major step forward for Valaris. With clean balance sheet, the company is the best way to play the recovery of the offshore drilling industry.
DenL Valaris и буровые мастерские ENSCO DS-8 из группы Valaris в настоящее время причалили к терминалу Хантерстон.
jimmcdowall/iStock Editorial via Getty Images

I have recently written about my thoughts on Valaris (NYSE:VAL), and now it’s high time to update my views as the company has just released its second-quarter results. This time, we will not focus on the company’s financials - Valaris has

This article was written by

Vladimir Zernov profile picture
I'm a trader who trades both short-term and long-term. I started my career as a day-trader for a trading firm, but then turned to longer time frames and went on my own to manage my portfolio. I use technical analysis as well as fundamental analysis in my research.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in VAL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I may trade any of the above-mentioned stocks.

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