QUOTE AND NEWS
Market Intelligence Center  Aug 20  Comment 
After closing Tuesday at $26.60, Helix Energy Solutions Group Inc (HLX) presents an attractive opportunity to get a 5.69% return in just 122 days, which is an annualized return of 17.03% (for comparison purposes only). To enter this trade, sell...
Market Intelligence Center  Aug 13  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithm on Helix Energy Solutions Group Inc (HLX) could yield about 5.66% (16.02% annualized, for comparison purposes only) in 129 days. Pair a long position in the stock with...
OilVoice  Aug 12  Comment 
OneSubsea a Cameron NYSE CAM and Schlumberger NYSE SLB company Helix Energy Solutions Group Inc. NYSE HLX and Schlumberger announce that they have entered into a letter of intent to form a
Market Intelligence Center  Jul 29  Comment 
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with Helix Energy Solutions Group Inc (HLX) that should provide a 6.17% return in just 144 days. Sell one Dec. '14 call at the $26.00 level for...
SeekingAlpha  Jul 22  Comment 
Helix Energy Solutions Group, Inc. (NYSE:HLX) Q2 2014 Earnings Conference Call July 22, 2014 10:00 ET Executives Terrence Jamerson - Director of Finance and Investor Relations Owen Kratz - Chief Executive Officer Tony Tripodo -...
newratings.com  Jul 21  Comment 
WASHINGTON (dpa-AFX) - Helix Energy Solutions Group, Inc. (HLX) reported net income of $57.8 million, or $0.55 per share, for the second quarter, compared to $27.2 million, or $0.26 per share in the prior year quarter. On average, six analysts...
Market Intelligence Center  Jul 14  Comment 
Helix Energy Solutions Group Inc (HLX) presents a trading opportunity that offers a 8.11% return in just 159 days. A covered call on Helix Energy Solutions at the $24.00 level expiring on Dec. '14 offers an assigned return rate of 8.11% or...
Market Intelligence Center  Jul 2  Comment 
After closing Tuesday at $26.44, Helix Energy Solutions Group Inc (HLX) presents an attractive opportunity to get a 4.67% return in just 80 days, which is an annualized return of 21.31% (for comparison purposes only). To enter this trade, sell one...
SeekingAlpha  Apr 23  Comment 
By Stephen Simpson, CFA: Investors haven't been too fond of offshore energy service plays over the last six months, with shares of companies like Oceaneering (OII), GulfMark (GLF), Tidewater (TDW), and Technip (OTCQX:TKPPY) all in the red. Against...
OilVoice  Apr 22  Comment 
Helix Energy Solutions Group Inc. NYSE HLX reported net income of 53.7 million or 0.51 per diluted share for the first quarter of 2014 compared to net income of 1.6 million or 0.02 per dilu




 

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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