Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Aging Wells And Deepwater Expansion Bodes Well For Helix Energy Solutions

Investors haven't been too fond of offshore energy service plays over the last six months, with shares of companies like Oceaneering (NYSE:OII), GulfMark (NYSE:GLF), Tidewater (NYSE:TDW), and Technip (OTCQX:TKPPY) all in the red. Against a peer group that has declined from around 5% to 20%, Helix Energy Solutions' (NYSE:HLX) roughly 5% decline doesn't seem quite as bad. More importantly, the company's backlog continues to build and the company is likely looking at many years of well intervention deepwater support work. Helix looks about as undervalued as its peer group, but the company's more aggressive newbuild program and increasing acceptance of the company's well intervention approach could lead to outperformance....

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details