Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
What happened
Shares of
Helix Energy Solutions Group (NYSE:HLX), a service provider in the offshore drilling space, dropped as much as 10% on Tuesday, the day after the company reported earnings after the close. By roughly 3:30 p.m. EDT today, the stock was still down by as much as 7.5%. Investors were clearly displeased with what the company disclosed in its quarterly update. That said, there were a number of trends hidden beneath the headline figures.
So what
First-quarter 2021 revenue for Helix came in at roughly $163 million, down about 10% from the same quarter in 2020, when it totaled just over $181 million. The quarterly loss came in at just $0.02 per share, an improvement over the $0.09 per share loss in the first quarter last year. The reduced loss was driven by a material improvement in the company s cost structure, which
Helix Energy: Q1 Earnings Snapshot
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Helix Energy: Q1 Earnings Snapshot
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Battalion Oil Chairman William T. Transier to Resign
William T. Transier, who has served as chairman of the board of directors at Battalion Oil since October 2019, submitted his letter of resignation and does not intend to stand for re-election at the upcoming annual meeting.
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Chairman of Battalion Oil Corp., William T. Transier, has announced his intention to resign from the company’s board of directors, according to a filing.
Based in Houston, Battalion Oil is an independent E&P company formerly known as Halcón Resources, but changed its name early last year to reflect a new team and strategy. Currently, Battalion is focused on the acquisition, production, exploration and development of liquids-rich assets in the Delaware Basin of the Permian, the company’s website said.