Helix Energy Solutions Group has received numerous calls from analysts and investors making inquiries regarding recent market activity in the Company’s stock. Management of the Company is unaware of any reason why recent trading of the stock has resulted in a significant decrease in its price over the last few days.
Owen Kratz, the Company’s President and Chief Executive Officer, stated: “Helix remains committed to generating value for its shareholders, which in the short term means the Company is focused on restoring its oil and gas production, completing its capital projects, generating free cash flow and reducing debt levels.”
Helix Energy Solutions, headquartered in Houston, Texas, is an international offshore energy company that provides reservoir development solutions and other contracting services to the energy market as well as to its own oil and gas business unit. Helix’s contracting services segment utilizes its vessels and offshore equipment that when applied with its methodologies reduce finding and development costs and cover the complete lifecycle of an offshore oil and gas field. Helix’s oil and gas segment engages in prospect generation, exploration, development and production activities. Helix operates primarily in the Gulf of Mexico, North Sea, Asia Pacific and Middle East Regions.
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