Introduction Valaris Limited (NYSE:VAL) is an offshore drilling company that leases rigs and drillships to energy giants like Shell and Exxon. Its stock trades at a steep discount to its intrinsic value - largely due to the industry’s collapse during COVID, when many drillers went bankrupt and assets were handed to creditors. Today, Valaris has a stronger balance sheet and one of the youngest, most advanced fleets - positioned to benefit as deepwater drilling regains momentum. With stable oil demand, rising ...