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. Photo by Viktor Kharlashkin on Unsplash Valaris (VAL) is the world’s second-largest offshore drilling contractor, positioned as a cyclical play on the accelerating offshore oil recovery. The company opera ...