Welcome to our dedicated page for Valaris news (Ticker: $VAL), a resource for investors and traders seeking the latest updates and insights on Valaris stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Valaris's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Valaris's position in the market.
Rhea-AI Summary
Valaris Limited (VAL) exercises options and takes delivery of newbuild drillships VALARIS DS-13 and DS-14 for approximately $337 million. President and CEO Anton Dibowitz expresses excitement over the addition of the two rigs, increasing the drillship fleet to 13 and reinforcing its position as one of the most technically capable in the industry. The purchase is expected to increase the Company’s fourth quarter 2023 capital expenditures by approximately $355 million, with an additional $35 million in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
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Rhea-AI Summary
Valaris Limited (NYSE: VAL) reported third quarter 2023 results with net income of $17 million, Adjusted EBITDA of $40 million, and revenue efficiency of 94%. The company was awarded new contracts and extensions worth approximately $465 million during the quarter, and an additional $335 million worth of contracts following quarter end. Valaris remains confident in the strength and duration of the current market upcycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
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Rhea-AI Summary
Valaris Limited (NYSE: VAL) has issued a Fleet Status Report, detailing the current status and contract information of the Company's offshore drilling rigs. The report can be found on Valaris' website.
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Rhea-AI Sentiment
End-of-Day
1.71%
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Rhea-AI Summary
Valaris Limited (NYSE: VAL) announced that its joint venture ARO Drilling has secured $359 million in financing for its first two newbuild jackups, Kingdom 1 and 2. The loan has an eight-year maturity and a 16-year amortization profile. Kingdom 1 is expected to be delivered in Q4 2023 and Kingdom 2 in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
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Rhea-AI Summary
Valaris Limited will hold its Q3 2023 earnings conference call on November 7, 2023. The call will be webcast live and a replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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Rhea-AI Summary
Valaris Limited announces new contracts and contract extensions with a backlog of $65 million. One-well contract with BP offshore Brazil for drillship VALARIS DS-15 valued at approximately $33 million. Previously disclosed exercised priced option with TotalEnergies offshore Brazil for drillship VALARIS DS-15. Five-well priced option exercised by BP Indonesia for heavy-duty modern jackup VALARIS 106 with an operating day rate of $85,000 increasing to $95,000 in 2025.
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Rhea-AI Sentiment
End-of-Day
0.6%
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Rhea-AI Summary
Valaris CEO Anton Dibowitz to present at Barclays CEO Energy-Power Conference on September 5, 2023
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Rhea-AI Sentiment
End-of-Day
-0.33%
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Rhea-AI Summary
Valaris Limited (NYSE: VAL) announced the pricing of a $400 million private placement of additional 8.375% Senior Secured Second Lien Notes due 2030, upsized from the original $350 million. The net proceeds will be used to finance the purchase of two drillships and for general corporate purposes. The Offering is expected to close on August 21, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
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Rhea-AI Summary
Valaris Limited and its subsidiary, Valaris Finance Company, plan to offer an additional $350 million in aggregate principal amount of their 8.375% Senior Secured Second Lien Notes due 2030 in a private placement. The net proceeds will be used to finance the purchase of two drillships and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
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Rhea-AI Summary
Valaris Limited has released a Fleet Status Report, detailing the current status of its offshore drilling rigs and contract information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
Valaris Limited
NYSE:VAL
VAL Rankings
VAL Stock Data
5.28B
62.04M
7.89%
90.92%
5.72%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
United States of America
HAMILTON
About VAL
ensco brings energy to the world as a global provider of offshore drilling services to the petroleum industry. we own the world’s newest ultra-deep water rig fleet and largest fleet of active premium jackups and are investing billions of dollars in additional drillships and high-specification jackups. across six continents, we operate in the most strategic offshore basins including the u.s. gulf of mexico, mexico, brazil, europe, middle east, africa, asia and the pacific rim. ensco is an s&p 500 company listed on the new york stock exchange (nyse:esv). at ensco, we: •recruit the most talented people to achieve our high operating standards •instill a culture that is centered on our core values, including high ethical standards, a commitment to safety and operational excellence, and a can-do attitude •offer extensive training opportunities including industry-accredited competency assurance programs to ensure our employees are properly equipped to excel •provide visible career adv