5:01 pm Helix Energy increases 2013 EBITDA guidance to $290-300 mln (HLX) : Co announced today that it is upgrading its 2013 EBITDA guidance to approximately $290 -- $300 million. Our current forecast of stronger than expected fourth quarter results for Robotics, along with the Skandi Constructor's continued performance in well intervention mode, both contribute to this upgrade. Although the H534 is not expected to commence work until January 2014, strong operating performance of the Company's existing asset base is expected to more than offset the delay in contributions from the H534. Also, the Company plans to accelerate the timing of the Well Enhancer dry dock to December of this year. This move is expected to reduce the number of days out of service for the Well Enhancer in 2014.
Owen Kratz, Helix's President and Chief Executive Officer, stated, "The Company currently expects to issue 2014 guidance in line with its previously announced 2013 exit rate of $350 million."
here we go again, another reversal attempt.
tune in next week to see if we get a confirmation, or another failed attempt.
when you bleed money quarter after quarter....
2013 Q4 $-0.41 est
2014 Q1 $-0.48 est
2014 Q2 $-0.37 est
2014 Q3 $-0.29 est
total of $132 million est loss over the next 4 quarters.
where would the dividend money come from? Merrill Lynch at 1.50%? lol
rough first two days this week.
it's going to take a serious reversal to salvage the week and get a confirmation on the weekly chart.
sure enough. to the tune of $1.2 million.
Top Buys by Directors: Kratz's $1.2M Bet on HLX
with no dividend there's only one reason he's buying. up we go.
brent broke below par a few days ago for the first time in almost 6 months. that may have added a little bit of a sentiment headwind.