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Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
We have 4 positions in offshore oil services. Offshore accounts for...
— Mohnish Pabrai
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Other investors who've written on Valaris
The fund completely exited its stake in Valaris following its announced all-stock acquisition by Transocean, realizing a 140% return over a one-year holding period. While the manager...
We own a collection of offshore services companies (drillships, jack-ups and OSVs), in the belief that offshore spending will increase in the future as a percentage of overall oilfield spending.
In 2020 when oil traded below zero, drilling activity ground to a halt and many energy service providers declared bankruptcy.
More institutional theses from Pabrai Wagons Fund
Odfjell Drilling ($ODFL.OL) represents 4.5% of the fund's portfolio.
Reysas REIT is a prominent Turkish industrial real estate owner and logistics provider that controls over 12 million square feet of prime Grade A warehouse space, representing the fund's largest position at 15.7% of assets. The manager maintains...
Transocean is one of the world's leading offshore contract drilling providers, operating high-specification deepwater drillships and harsh-environment rigs, accounting for 7.7% of the fund. The manager is...