Investors haven't been too fond of offshore energy service plays over the last six months, with shares of companies like Oceaneering (OII), GulfMark (GLF), Tidewater (TDW), and Technip (OTCQX:TKPPY) all in the red. Against a peer group that has declined from around 5% to 20%, Helix Energy Solutions' (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.
Read more here:
Aging Wells And Deepwater Expansion Bodes Well For Helix Energy Solutions
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