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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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April 21, 2015
10:21 EDTHLXHelix Energy says it is too early to say whether market is at bottom
The company is concerned about filing out utilization for its Robotics group, but added it is "as pleased as it can be" given the cyclical conditions. Comments taken from Q1 earnings conference call.
09:44 EDTHLXHelix Energy sees FY15 EBITDA $200M-$240M.
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09:44 EDTHLXHelix Energy sees FY15 revenue $840M, consensus $903.21M
Sees FY15 Well Intervention revenue $475M, FY15 Robotics revenue $320M, FY15 Production Facilities revenue $80M, FY15 Elimination revenue ($35M). Comments taken from slides for Q1 earnings conference call.
April 20, 2015
18:15 EDTHLXHelix Energy sees FY15 EPS approximately 55c-70c, consensus 61c
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18:01 EDTHLXHelix Energy reports Q1 EPS 19c, consensus 7c
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15:37 EDTHLXNotable companies reporting after market close
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