Helix Energy may become takeover target, Bloomberg reports Helix (HLX) may become a takeover target after selling its oil and gas unit and exiting a pipe-laying business to focus on expanding operations for offshore oil-well support, Bloomberg reports. Potential suitors could include Aker Solutions or Technip, Capital One Financial says. Iberia Capital believes Diamond Offshore Drilling (DO) or other rig owners could be interested. Reference Link
Diamond Offshore downgraded to Underperform from Market Perform at FBR Capital FBR Capital downgraded Diamond Offshore to Underperform on expectations utilization and day rates will remain under pressure through 2015. FBR cut its price target for shares to $24 following the company's Q1 results.