Same industry

VAL against four same-industry peers, a year at 100

100125150175200225Nov ’25FebMayAugNov ’26NE+40.4%RIG+36.9%PTEN+75.2%HP+37.9%VAL+52.1%

VAL +52.1%. Patterson Uti Energy +75.2%, Noble +40.4%, Helmerich & Payne +37.9%, Transocean +36.9%. Weekly closes, Nov 7, 2025 = 100, log scale.

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End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in VAL’s SEC industry (Drilling Oil & Gas Wells) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

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