QUOTE AND NEWS
Market Intelligence Center  Oct 24  Comment 
Helix Energy Solutions Group Inc (HLX) presents a trading opportunity that offers a 7.85% return in just 147 days. A covered call on Helix Energy Solutions at the $25.00 level expiring on Mar. '15 offers an assigned return rate of 7.85% or...
SeekingAlpha  Oct 21  Comment 
By SA Transcripts: Helix Energy Solutions Group, Inc. (NYSE:HLX) Q3 2014 Results Earnings Conference Call October 21, 2014, 10:00 AM ET Executives Terrence Jamerson - Director of Finance and IR Owen Kratz - President and CEO ...
TheStreet.com  Oct 21  Comment 
NEW YORK (TheStreet) -- Shares of Helix Energy Solutions Group Inc. are higher by 4.48% to $23.80 in late morning trading on Tuesday, after the company reported an increase in net income for the 2014 third quarter to $75.6 million, or 71 cents...
OilVoice  Oct 21  Comment 
Helix Energy Solutions Group Inc. NYSE HLX reported net income of 75.6 million or 0.71 per diluted share for the third quarter of 2014 compared to net income of 44.6 million or 0.42 per dil
newratings.com  Oct 21  Comment 
WASHINGTON (dpa-AFX) - Offshore oil and gas services contractor Helix Energy Solutions Group, Inc. (HLX) on Monday reported a 70 percent increase in profit for the third quarter from last year, reflecting strong revenue growth in the well...
newratings.com  Oct 20  Comment 
WASHINGTON (dpa-AFX) - Helix Energy Solutions Group, Inc. (HLX) reported third-quarter net income to company of $75.6 million, or $0.71 per share, compared to $44.6 million, or $0.42 per share, for the same period in 2013. On average, seven...
Market Intelligence Center  Oct 10  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered-call trade on Helix Energy Solutions Group Inc (HLX) that includes 12.52% downside protection. Sell one...
Market Intelligence Center  Sep 26  Comment 
Helix Energy Solutions Group Inc (HLX) presents a trading opportunity that offers a 4.91% return in just 85 days. A covered call on Helix Energy Solutions at the $22.00 level expiring on Dec. '14 offers an assigned return rate of 4.91% or 21.09%...
Market Intelligence Center  Sep 22  Comment 
After Friday’s trading in Helix Energy Solutions Group Inc (HLX) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 4.80% return, or 19.70% annualized (for...




 

Helix Energy Solutions (NYSE:HLX) is an oilfield services company that builds, maintains and maximizes the output from offshore oil and gas reservoirs.

Company Overview

Helix Energy Solutions operates primarily in the United States and, more specifically, the Gulf of Mexico Region.

Business and Financial Metrics[1]

In 2009, HLX generated a net income of $101.9 million on revenues of $1.46 billion. This represents a real turnaround from 2008, when the company incurred a net loss of $639.1 million on revenues of $2.11 billion.

Business Segments[2]

Helix Energy operates through three reportable business segments.

  • Contracting Services (54.5% of revenues): This segment builds, manages and repairs oil and gas reservoirs that are "marginal" i.e. no longer wanted by or too small to be material to larger corporations.[3] Some of the segment's other services include exploration, modeling and inspection of potential future reservoirs and the decommissioning of abandoned pipes and platforms.[4]
  • Shelf Contracting (27.7% of revenues): This segment focuses on diving related-activities and shallow water construction.[5]
  • Oil and Gas Operations (26.4% of revenues): This segment purchases and maintains oil and gas properties for the company.[6]

Trends and Forces

67% of the company's proved reserves are undeveloped

Depending on the level of certainty associated with recovering oil and natural gas, reservoirs can be classified as either proved or unproved. Proved reserves can be further classified as proved developed non-producing (PDNP) or proved undeveloped (PUD). PDNP reserves have had enough work done to ready them for drilling, but no oil or gas has been extracted yet. PUD reserves have had no work done on them, but predictions about the amount of oil and natural gas in these reserves are assumed to be relatively accurate.[7]

Competition

There are more than 90 publicly traded energy companies focusing on oil wells, drilling, exploration and drilling equipment.[8] Of these companies, the following have been identified as competitors by Helix Energy Solutions.

References

  1. HLX 2009 10-K pg. 43  
  2. HLX 2009 10-K pg. 49  
  3. Page 4, 2008 HLX 10-K, Business, Helix Energy Solutions
  4. Page 9, 2008 HLX 10-K, Business, Helix Energy Solutions
  5. HLX 2009 10-K pg. 48  
  6. Page 78, 2008 HLX 10-K, Notes to the Consolidated Financial Statements, Helix Energy Solutions
  7. Natural Gas Resource Base, Natural Gas Supply Association
  8. Oil Well Services & Equipment, Google Finance
  9. Global Industries, Google Finance
  10. Oceaneering International, Google Finance
  11. ACGY Acergy S.A., Google Finance
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