What OPEC's Extended Production Cuts Mean for Oil Markets [Yahoo! Finance]
Valaris Limited Common Shares (VAL)
Last valaris limited common shares earnings: 4/29 09:50 pm
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Source: Yahoo! Finance
While the announcement was largely anticipated, it still had a positive impact on oil prices. If nothing else, this is expected to provide support to the commodity in the short term. Market analysts believe that maintaining the cuts signals OPEC+'s cautious approach to returning supply volumes gradually. Coupled with the resilient demand expectations, we believe that oil's current levels of around $78 allow long-term-oriented market participants to buy shares in quality companies at attractive prices. Investors interested in the sector could benefit from having top-ranked stocks like Valaris Limited VAL, Murphy USA MUSA and Sunoco LP SUN in their portfolio. The Extension Announcement Since 2022, OPEC+ countries, led by Saudi Arabia and Russia, have implemented various production cuts to support oil prices, as the market grapples with rising U.S. production and sluggish global demand. The latest round of voluntary cuts, which began in January, aimed to reduce combined production
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VAL
News
- Valaris Limited (NYSE: VAL) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Valaris Schedules First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Valaris (VAL) Receives Rig's Suspension Notice From Aramco [Yahoo! Finance]Yahoo! Finance
- Valaris Announces Contract Suspension for Jackup VALARIS 143Business Wire
- Valaris: Buy Despite Near-Term Jackup Market Headwinds [Seeking Alpha]Seeking Alpha
VAL
Earnings
- 2/21/24 - Beat
VAL
Sec Filings
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- 4/17/24 - Form DEFA14A
- VAL's page on the SEC website