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Vallourec (ENXTPA:VK) Could Be 27% Undervalued Following Brazil And Aramco Deals
Vallourec (ENXTPA:VK) just put two big operational markers on the map. A new Proxxima resin line in Brazil and a fresh industrial agreement with Aramco both point squarely at offshore energy demand.
Those Brazil and Saudi Arabia announcements come on the back of a mixed tape for Vallourec’s equity. The 1-day share price return of 2.41% and 30-day gain of 3.37% contrast with a 90-day decline of 21.03%, while total shareholder returns of 32.67% over one year and 260.91% over five years suggest...