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November 12, 2012
17:36 EDTRIG, HLXHelix Energy updates well intervention fleet backlog
Helix Energy Solutions Group (HLX) announced that it has been awarded its initial customer contractual commitments for the Helix 534. The Helix 534 was acquired in August from Transocean (RIG) and is undergoing modifications and upgrades necessary for conversion into a well intervention vessel at the Jurong Shipyard in Singapore. The Helix 534 is scheduled to sail from Singapore during 1Q13 and after transit to the Gulf of Mexico, is expected to be placed into service in late 2Q13. Backlog for the Helix 534 involves work in the Gulf of Mexico and extends into 2016. Meanwhile, the Q4000 has extended its strong contractual backlog through 2014, with customer interest into 2016. Helix also announced that the Skandi Constructor has also received its initial contractual awards. The Skandi Constructor is a chartered vessel and is expected to enter the Helix well intervention fleet in the spring of 2013. Its initial contract involves work in the North Sea and follows with a project off the eastern Canadian coast. Helix's two existing North Sea based well intervention vessels, the Seawell and the Well Enhancer, have been awarded customer contracts into 4Q13.
News For HLX;RIG From The Last 14 Days
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July 27, 2015
06:20 EDTRIGU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
July 22, 2015
10:01 EDTHLXOn The Fly: Analyst Downgrade Summary
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09:10 EDTHLXHelix Energy risk/reward compelling at current levels, says SunTrust
After Helix Energy reported weaker than expected results, SunTrust thinks the stock is unlikely to drop more than $1-$2 per share, while the shares could jump more than $10. The firm says that the risk of 2016 results missing expectations has dropped meaningfully as analysts probably reduced their estimates following Helix's miss. The firm identifies the stock as its favorite way to play offshore. It cut its price target on the name to $13 from $18 but keeps a Buy rating on the shares.
08:40 EDTHLXHelix Energy downgraded to Accumulate from Buy at Johnson Rice
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July 21, 2015
10:49 EDTHLXHelix Energy says 'way too early to tell' how 2016 may or may not shape up
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10:34 EDTHLXHelix says in dialogue with clients to find ways to preserve contracted work
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10:20 EDTHLXHelix Energy cuts FY15 EBITDA view to $160M-$190M from $200M-$240M
Says balance sheet, liquidity remains "strong." Cites weak oil industry for Q2 performance. Sees FY15 EBITDA $160M-$190M, sees improvement in Q3 vs. Q2. Says has reduced total headcount by 20%. Says focus must be on maintaining adequate liquidity and being as cash positive from operations as possible. Says downturn looking like "lower for longer" scenario. Comments made on the Q2 earnings conference call. Helix is down 14.07% to $9.71 in morning trading.
07:53 EDTHLXHelix Energy shares offer long-term opportunity, says SunTrust
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July 20, 2015
18:31 EDTHLXHelix Energy sees FY15 capex approx. $365M
Says utilization in the North Sea looks "weak" in Q4. Capex view assumes Q7000 delivery delayed until mid 2017. Says total backlog as of June 30 roughly $2.1B. Says Sees Q4000 having "good utilization" for remainder of 2015. Says H534 scheduled to enter dry dock in Q3 for 45 days, with vessel warm stack "under consideration." Says IRS no. 1 and 2 remain on hire for remainder of 2015. Says refit of Seawell to be completed in Q3, with warm stack "likely" thereafter. Says Skandi Constructor has full utilization through Q3 and into Q4. Says Well Enhancer has committed work through Q3 but availability in Q4.
18:24 EDTHLXHelix Energy sees FY15 EPS approx. 24c, consensus 67c
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18:09 EDTHLXHelix Energy reports total liquidity roughly $1B as of June 30
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18:07 EDTHLXHelix Energy reports Q2 EPS (3c), consensus 15c
Reports Q2 revenue $166.02M, consensus $193.72M. "Our second quarter results are indicative of overall weak industry conditions in the oilfield services sector. Our well intervention business was negatively impacted this quarter by a longer than planned Q4000 regulatory dry-dock and customer delays on the H534," said CEO Owen Kratz.
July 14, 2015
11:40 EDTRIGStocks with call strike movement; BBRY RIG
BlackBerry (BBRY) December 9 call option implied volatility decreased 4% to 44, Transocean (RIG) November 17 call option implied volatility decreased 4% to 43 according to IVolatility.
July 13, 2015
10:35 EDTHLXHelix Energy management to meet with Stephens
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05:48 EDTRIGStocks with implied volatility movement; RIG SINA
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