Philippe Guillemot 1.6 1 idea

Vallourec reported strong margins and is targeting €650M in shareholder returns. CEO explicitly linked future growth to "high need for electricity of data centers" and "Geothermal is a baseload." Vallourec is successfully rebranding from a "dirty" oil services company to a critical infrastructure provider for the AI energy crunch (Geothermal/Gas transport). Additionally, their US onshore business is 100% US-finished, insulating them from Trump tariffs. LONG VRLA. Drop in energy prices reducing capex for drilling.