Noble and Valaris – restructured and deleveraged rig companies are back in the market at a discount to unrestructured peers

I have bought into two new transactions in the last two days: Noble and Valaris. These are rig owners that went through bankruptcy, got deleveraged and relisted. The companies are trading at significant discount to its peers, that have not deleveraged. Very interesting opportunity. I enclose summaries from research reports published yesterday on both. ItContinue reading “Noble and Valaris – restructured and deleveraged rig companies are back in the market at a discount to unrestructured peers”

MPC Energy Solutions – Priced at cash despite significant value potential in firm backlog.

I am long MPC Energy Solution. It is one of the investments, that seems to be right, but takes time to move. This morning SpareBank issued new research report – summary is below: MPC Energy Solutions | MPCES NO Priced at cash despite significant value potential in firm backlog This morning MPCES announced that itContinue reading “MPC Energy Solutions – Priced at cash despite significant value potential in firm backlog.”

Summary of Quantafuel bullish research report by fearnley

Fearnely research: Elliott JOnes is the best analyst on Quantafuel. His bullish research summary below: 1st Operating Revenues at Skive: a Major Statement Made QFUEL recently announced their 1q21 results, posting first ever operative revenues delivered from BASF for Skive product. Total sales were NOK3.4m (inc. Geminor additional income of NOK1.7m), EBITDA of NOK-30.5m andContinue reading “Summary of Quantafuel bullish research report by fearnley”