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Helix Energy Solutions Group, Inc. Message Board

  • bas32060 bas32060 Aug 23, 2012 1:24 PM Flag

    hurricane Isaac

    between the 8k filing and the hurricane I am not surprised to see a sell-off...so what to do.....with little volume? I think the updated price deck for E&P which only reaffirmed the July earnings announced price deck is disappointing too..One would think the company would update the effect the rise in oil prices has had on the cash flow and eps thus far this qtr...

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    • Along with the "Hurricane Season" also comes the "Summer Doldrums" which I have been commenting on recently. And by the way, the month of July 2012, HLX had the lowest average daily share traded volumes (950,100) in 5 years starting from Jan. 1, 2008. Plus, so far August is even worst, with a average daily volume of only 747,700 shares.

      Now, back to the hurricane, if "Issac" dose edge out more towards the west into the central GOM, the HLX "Phoenix" field with the HP-1 production unit can continue production up to the last moment before it has to execute its quick disconnect, dodge the storm and quickly return to reconnect and continue production of HLX's biggest $1 million+ day cash flow cows. Here again what is what HELIX ENERGY SOLUTIONS is all about.

      Old Watchdog

 
HLX
22.39+0.08(+0.36%)Apr 16 4:02 PMEDT

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