As I've made my way through the energy services sector recently, I've noted a pretty fair number of stocks that look undervalued on the basis of improving offshore activity and expectations for a better 2014 in North America. Helix Energy Solutions (HLX) is an interesting case, though, as although the shares don't appear to be remarkably cheap today, the company's strong utilization and contract positions, coupled with the economics of the services it provides, may make this a pretty good balance of reward relative to risk.
Offshore Interventions On The Way Up
Due to the heavy exploration activity in areas like the Gulf of Mexico and North Sea over the past 10 to 15 years, the number...
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