Valaris Announces $364M Drillship Contract Award Expected To Commence In Q2 2024; Increases 2023 Share Repurchase Target From $150M To $200M
Portfolio Pulse from Benzinga Newsdesk
Valaris has announced a $364M drillship contract award expected to commence in Q2 2024. The company has also increased its 2023 share repurchase target from $150M to $200M.
July 31, 2023 | 12:57 pm
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Valaris has secured a $364M drillship contract and increased its 2023 share repurchase target to $200M, which could boost investor confidence and potentially drive up the stock price.
The announcement of a significant contract award and an increase in share repurchase target indicates a positive outlook for the company. This could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100