VAL

Valaris Limited (NYSE:VAL) is a leading offshore contract drilling company that emerged from bankruptcy in 2021 following the merger of Ensco and Rowan Companies. Based in Hamilton, Bermuda, the company operates one of the world's largest fleets of offshore drilling rigs, providing drilling services to international oil and gas companies across major offshore basins including the Gulf of Mexico, North Sea, Middle East, West Africa, Australia, and Southeast Asia. Since its post-bankruptcy emergence, Valaris has focused on optimizing its fleet composition, securing long-term contracts, and returning cash to shareholders while positioning itself for the offshore drilling market recovery.