DALLAS, June 15, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Helix Energy Solutions Group Inc. (NYSE:HLX). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/HLX
Helix Energy Solutions Group Inc. (HLX) is an international offshore energy company providing reservoir development solutions and other contracting services to the energy market, as well as to its own oil and gas properties. The Company's Contracting Services segment utilizes its vessels, offshore equipment and methodologies to deliver services that may reduce finding and development (F&D) costs and encompass the complete lifecycle of an offshore oil and gas field. Its Oil and Gas segment engages in prospect generation, exploration, development and production activities. Its primary operations are located in the Gulf of Mexico, North Sea, Asia Pacific and West Africa regions. HLX provides a range of contracting services primarily in the Gulf of Mexico, North Sea, Asia Pacific and West Africa regions primarily in deepwater. Its services include subsea construction, well operations and production facilities.
Message Board Search for HLX: http://www.boardcentral.com/boards/HLX
In the report, the analyst notes:
"HLX reported a net loss of $17.9 million, or $0.17 per diluted share, for the first quarter of 2010 compared with net income of $53.5 million, or $0.50 per diluted share, for the same period in 2009, and a net loss of $55.7 million, or $0.53 per diluted share, in the fourth quarter of 2009.
"HLX shares soared on news that its floating production unit, the Helix Producer I (HPI), has been contracted by BP to assist in the latter's Gulf of Mexico oil spill response operations. The Company announced Sunday that HPI is expected to help BP for a minimum of sixty days. The unit will join two other contracting services vessels owned by HLX, the Express and Q4000, in supporting BP on the Deepwater Horizon spill response and containment operations. The Q4000 has been providing services to BP since the beginning of May."
To read the entire report visit: www.microstockprofit.com/lp/HLX
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