Valaris . . . a Leap of Faith

December 16, 2024

So the other day, we were scrolling through some Twitter posts and came across this one from Kuppy. Harris Kupperman. He’s a well known hedge fund manager of the Praetorian fund and has had a stellar track record these past few years.

The post was a thread about Valaris, and we decided to take a gander at the company, spending the week diving through the details of the company and creating a rough model for how we’d think about approaching it as an investment.

Here’s what we found.