Oil & Gas servicing is an area with excellent long term potential given the strong macro environment within the industry. Having previously written about Forum Energy Technologies (NYSE:FET), I chose to look into another servicing company, Helix Energy Solutions Group (NYSE:HLX) which, having recently divested its E&P business, looks to embark on CAPEX and expansion in their core offshore services and facilities.
HLX, founded in the 1960s has helped sculpture many advancements in the offshore industry that are used today. Now HLX specializes in overcoming offshore challenges with a large fleet of vessels operating on subsea fields in every major producing region of the world. Having laid a large proportion of the Gulf of Mexico's pipeline...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|