A long duration value opportunity to buy the leading company in a sector undergoing a historic demand inflection
Great article Tuan!
I think you’d laid out the thesis well with a few key points that are hardly mentioned from the NE and VAL camps:
1) RIG’s backlog continues to grow. They’re highly desired by their customers.
2) Superior management. Companies are willing to pay a little more for their service. That’s what also attracted me to RIG instead of the other two.
Thanks Peter! Appreciate the kind words :)
The Valaris warrants are worth a look if you want some torque on that one. Basically a super long dated call option on an offshore bull market.
Thanks for sharing! Yeah I usually like to keep it simple through common stocks but VAL warrants are definitely a great trade to gain maximum torque on the offshore thesis.
Great article Tuan!
I think you’d laid out the thesis well with a few key points that are hardly mentioned from the NE and VAL camps:
1) RIG’s backlog continues to grow. They’re highly desired by their customers.
2) Superior management. Companies are willing to pay a little more for their service. That’s what also attracted me to RIG instead of the other two.
Thanks Peter! Appreciate the kind words :)
The Valaris warrants are worth a look if you want some torque on that one. Basically a super long dated call option on an offshore bull market.
Thanks for sharing! Yeah I usually like to keep it simple through common stocks but VAL warrants are definitely a great trade to gain maximum torque on the offshore thesis.