% | $
Quotes you view appear here for quick access.

iShares Mortgage Real Estate Capped Message Board

  • Mightytodd Mightytodd Mar 7, 2006 11:59 PM Flag

    Explanation for HELX haircut

    Does anyone attribute the haircut at HELX to the uncertainty of REM earnings?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Certainly cause REM's earning just suck right now.

      • 2 Replies to valirine
      • but won't it be nice to have all that production that is shut-in for REM's 4th qtr, get flowing again when it goes to HELX's bottom line???!!!!

        The oil and gas is LARGE quantity! When the Helix guys get the subsea gathering systems up and running, which will be very soon,........the overall output from the GOM will be HUGE!

        Just have to give it a few months to work through the repairs............


      • I've seen worse, at least they showed a profit with all the Katrina damage and lost production. .19 is better than a loss. Also, they made $2.37 for 05 vs $2.14 in 04. Not too bad considering.

    • Never one to brag, but LIKE I SAID, CAUTION- time to put away the earnings glee champagne and break out the Millers- for at least the past 6 months blazing earnings reports have not been driving energy stock prices- they are being driven by risk-reward perceptions of the energy sector by buyers and sellers. Stuff like natural gas pricing collapse is still being hinted at- yadda yadda. Still, I could kick myself for not picking HELX back up in the low 34's yesterday- for another nice trade if nothing else- if I get another chance I'll join all you nice folks in your pain. With HELX another factor has to be how much of your portfolio is already in energy- this is not going to be a steady eddy play anymore, but it could be a home run. IMO.

10.66-0.11(-1.02%)Aug 26 4:00 PMEDT