$VAL +135. 48% Yesterday, Will This Continue?
Yesterday, $Valaris(VAL.US$ +135.48% due to rising demand for oil and gas, closed at $2.190. In the pre-market, its price drops by over 17%, trading at $1.81. This offshore drilling contractor once suffered from lockdown when the economy stopped demanding energy products. However, according to Morgan Stanley, oil price rally in recent weeks appears mostly supply- rather than demand-driven.
Let's vote and tell us your reasons.
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RobbyLerille : Sqgb is about to take off
RobbyLerille : SQBG sorry
FiveHundredCents : This trend won't last for long. The demand is not reaching the same level as before in this year.
C Bro : my reason is based on reason