HLX: Helix Energy Solutions Outlines Growth Plan

By William Trent, CFA of Stock Market Beat

Small Cap Watch List and Mid Cap Watch List member Helix Energy Solutions (HLX) issued an SEC Filing stating:

On March 27, 2007, Helix Energy Solutions Group, Inc. (“Helix”) issued a press release announcing its participation in the Howard Weil Conference in New Orleans, Louisiana, during which Helix will discuss its strategy and expectations for 2007. Attached hereto as Exhibits 99.1 and 99.2, respectively, and incorporated by reference herein, are the press release issued by Helix and the Presentation to be delivered at the conference.

We took a look at the presentation and present some of the more interesting slides here. We’ll start with the strategic plan, which involves 25% earnings growth in each of the next three years whule maintaining debt/book assets below 50% and Debt/EBITDAX below 2.5X.

On March 27, 2007, Helix Energy Solutions Group, Inc. (“Helix”) issued a press release announcing its participation in the Howard Weil Conference in New Orleans, Louisiana, during which Helix will discuss its strategy and expectations for 2007. Attached hereto as Exhibits 99.1 and 99.2, respectively, and incorporated by reference herein, are the press release issued by Helix and the Presentation to be delivered at the conference.

We took a look at the presentation and present some of the more interesting slides here. We’ll start with the strategic plan, which involves 25% earnings growth in each of the next three years whule maintaining debt/book assets below 50% and Debt/EBITDAX below 2.5X.

Next, we see that the company found a bunch of new reserves last year, and is expected to boost production sharply this year.

They do this by focusing on properties that are “marginal” or below the radar screen of larger producers. This can include new exploration or buying existing properties the majors are no longer interested in.

There were many other slides in the presentation, but these were the ones we thought were most interesting. If you think we missed something important, let us know in the comments below.

http://stockmarketbeat.com/blog1/