VAL News and Press, Valspar Corporation From 07/21/23

2023-07-21 09:29:07 ET Summary Valaris, an offshore drilling contractor, is an attractive investment opportunity due to strong underlying fundamentals and a compelling valuation. We expect Valaris to start benefiting from higher day rates as legacy contracts expire and cold-stacke...

Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its second quarter 2023 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Wednesday, August 2, 2023. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call wi...

2023-07-12 10:26:29 ET Summary It's time to consider investing in offshore drilling service providers, to benefit from the unfolding upcycle, which is still in the early innings. Importantly, another newbuild cycle appears unlikely. Leading offshore drilling contractor Valaris may...

2023-07-05 11:27:01 ET Transocean ( NYSE: RIG ) +4.3% in Wednesday's trading as Citi upgraded the stock to Buy from Neutral with a $9.50 price target, anticipating meaningful EBITDA growth and free cash flow expansion in the coming years given dayrate appreciation and declining ...

2023-06-26 19:45:00 ET Drilling names including Noble Corp. ( NYSE: NE ) and Transocean ( NYSE: RIG ) rose across the board Monday, apparently in reaction to a favorable report in Barron's , which said the companies are in strong financial shape and poised to thrive ...

2023-06-14 14:09:38 ET Summary Transocean Ltd. revenues in Q1 2023 were $649 million, up from $586 million in Q1 2022, an increase of 10.8%. The backlog increased significantly in the past few quarters and is now $8.6 billion as of April 18, 2023. I recommend buying Transocean...

2023-06-12 18:50:40 ET Crude oil prices fell sharply on Monday on continued worries over Chinese demand, a potential U.S. recession and strong Russian crude flows. Even Saudi Arabia's recent pledge to cut more production in July has failed to keep prices elevated; the Brent price ...

2023-06-11 06:03:00 ET Oil companies are earning record profits. But a lot of them are beginning to see their lack of long-term investment in new resources come to roost. And after nearly a decade, the money is flowing back to offshore oil. In this video, Motley Fool contributors Jason Hall...

2023-06-05 11:30:56 ET Summary Borr Drilling reported Q1/2023 results in line with expectations and maintained its full-year outlook for revenue and Adjusted EBITDA. The company's entire fleet of 22 modern jackup rigs is now working or preparing for near-term contracts, with dayra...

2023-06-05 06:02:54 ET Summary Last month, Valaris reported better-than-expected Q1/2023 results and reiterated its full-year outlook, with improved profitability expected for the second half. The company also released a new fleet status report with a total backlog up by almost 15...