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Stock Market & Financial Investment News

News Breaks
December 13, 2012
13:58 EDTHLXHelix Energy announces sale of oil and gas subsidiary for base price $610M
Helix Energy Solutions Group has entered into a definitive agreement to sell Energy Resource Technology GOM, the company's oil and gas subsidiary, to Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, a privately held Houston-based oil and gas company. The selling price involves a base purchase price of $610M plus contingent consideration in the form of overriding royalty interests on ERT's Wang exploration prospect as well as certain other exploration prospects. In addition, the parties have agreed to adjust the purchase price at closing, upward or downward, depending upon the results of the Wang exploration well. The estimated value of the transaction is approximately $700M if the Wang exploration prospect is successful and meets expectations. If the Wang exploration prospect is determined to be unsuccessful, the estimated value of the transaction to Helix is closer to $600M.
News For HLX From The Last 14 Days
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February 26, 2015
18:02 EDTHLXHelix Energy and BP amend and defer multi-year Q5000 contract
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February 25, 2015
10:17 EDTHLXHelix Energy management to meet with SunTrust
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February 18, 2015
10:05 EDTHLXOn The Fly: Analyst Downgrade Summary
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07:26 EDTHLXHelix Energy downgraded to Market Perform from Outperform at Raymond James
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February 17, 2015
09:20 EDTHLXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
February 16, 2015
18:59 EDTHLXHelix Energy reports Q4 EPS 8c, consensus 24c
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