Categories
Articles

Einhorn Buys 11% of Helix

In a just released SEC filing, David Einhorn, through his Greenlight entities has purchased 11% of Helix Energy Solutions (HLX).

In the filing, Einhorn discloses purchases bringing his ownership to 10.2 million shares through 4 entities.

Here is the recent activity


Who Is Helix?:

Helix Energy Solutions Group, Inc. (Helix) is an international offshore energy company providing reservoir development solutions and other contracting services to the energy market, as well as to other oil and gas properties. Helix operates in the Gulf of Mexico, North Sea, Asia Pacific and Middle East regions. The Contracting Services segment utilizes the vessels and offshore equipment that when applied with the methodologies reduce finding and development (F&D) costs. The Oil and Gas segment is engaged in prospect generation, exploration, development and production activities. On December 11, 2007, the Company’s wholly owned subsidiary Cal Dive (CDI) completed the acquisition of Horizon Offshore, Inc. (Horizon). In July 2007, the Company acquired the remaining 42% interest in Well Ops SEA Pty Ltd. On September 30, 2007, Helix 30% working interest in the Phoenix oilfield, the Boris oilfield and the Little Burn oilfield to Sojitz GOM Deepwater, Inc.


Disclosure (“none” means no position):none
Visit the ValuePlays Bookstore for Great Investing Books