QUOTE AND NEWS
Market Intelligence Center  Apr 23  Comment 
After closing Wednesday at $16.75, Helix Energy Solutions Group Inc (HLX) presents an attractive opportunity to get a 7.02% return in just 148 days, which is an annualized return of 17.32% (for comparison purposes only). To enter this trade, sell...
Motley Fool  Apr 21  Comment 
Stronger than expected earnings sent Helix Energy Solutions Group Inc’s stock popping double digits when the market opened this morning.
Market Intelligence Center  Apr 6  Comment 
Helix Energy Solutions Group Inc (HLX) presents a trading opportunity that offers a 8.23% return in just 165 days. A covered call on Helix Energy Solutions at the $15.00 level expiring on Sep. '15 offers an assigned return rate of 8.23% or...
OilVoice  Mar 27  Comment 
Helix Energy Solutions Group Inc. NYSE HLX announced today that it has entered into a new multiyear contract with Shell to provide well intervention services in the U.S. Gulf of Mexico utilizing
Forbes  Mar 10  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that...
OilVoice  Feb 27  Comment 
Helix Energy Solutions Group Inc. NYSE HLX announced today that it has entered into an agreement with BP Exploration Production to amend their existing 2013 agreement for the Q5000 to provide we
TheStreet.com  Feb 19  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...




 

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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