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Helix Energy Solutions Group, Inc. Message Board

  • bas32060 bas32060 Jul 5, 2012 8:31 AM Flag

    hedging oil's jump

    The move in Brent the last week have been nothing but breathtaking..Slowing world economies, Euro crisis.. both of these issues speak of falling oil prices and deflation...the herd runs in mysterious ways...I assume HLX has gotten another chance to hedge more future production because if I were at the helm, that is exactly what I would've done. Taking the volatility out of your earnings only adds to the company's rebuilding reputation. We shall see in a few weeks if this is the case. In any event, knowing the company is on track to hit my ebitda numbers over 700mm tells me this stock should be $22...the greater the hedging, the sooner another Q+ announcement in my opinion...thus 2 wild cards... the success of the new wells being drilled...The wild ride in the oil market continues...Until the Statoil strike is settled

2.63-0.02(-0.75%)Feb 12 4:01 PMEST