Morning Research: Halliburton, Cal Dive, Energy XXI, and Helix Energy
LONDON, June 20, 2013
LONDON, June 20, 2013 /PRNewswire/ --
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The International Energy Agency (IEA) noted in a report last month that the
supply shock from North American oil is rippling through global markets. The
surge in North American oil production is being driven by the shale boom in
the U.S. According to the IEA, the supply shock will lead to a transformation
of the oil market over the next five years, which will not only result in oil
companies overhauling their global investment strategies, but also reshaping
the way oil is transported, stored and refined. On Wednesday, June 19, 2013,
shares in oil and gas equipment and services companies ended mostly lower,
tracking losses in the broader market which tumbled following the release of
Federal Reserve's latest monetary policy statement. The major movers in the
sector included Halliburton Company (NYSE: HAL), Cal Dive International Inc.
(NYSE: DVR), Energy XXI (Bermuda) Limited (NASDAQ: EXXI), and Helix Energy
Solutions Group Inc. (NYSE: HLX). AAAResearchReports.com has released full
comprehensive research on HAL, DVR, EXXI, and HLX. These free technical
analyses can be downloaded by signing up at
Shares in Halliburton Company saw a sharp decline on Wednesday, reversing most
of their gains for the week. The company's shares traded between $43.05 and
$44.35 before finishing the day 2.31% lower at $43.05. Further, the stock
registered a total trading volume of 9.39 million which is slightly above the
stock's daily average volume of 9.21 million. Halliburton's shares are now up
0.28% for this week. Notably, despite the sharp pullback yesterday, the stock
is currently trading near its 52-week high of $45.75. Download free report on
HAL upon registration at:
Cal Dive International Inc.'s stock ended slightly lower yesterday, paring
some of its gains for the week. The company's shares traded between $2.02 and
$2.10 before finishing the day 0.48% lower at $2.07 on a trading volume of
363,584 shares, which is well below its daily average volume of 1.29 million.
The company's shares are still up by over 4.50% for this week. In the last
three months, the stock has risen by nearly 17%, thus outperforming the S&P
500. DVR technical report can be accessed for free by signing up at:
Shares in Energy XXI (Bermuda) Limited moved 1.75% lower on Wednesday,
tracking losses in the broader market. The company's shares ended the day at
$25.82 after trading between $25.81 and $26.59. The shares recorded trading
volume of 1.06 million during the session, which is below the daily average
volume of 1.10 million. However, despite the sharp drop yesterday, Energy
XXI's shares are still up by nearly 5% for this week. The free report on EXXI
can be downloaded by signing up now at:
Helix Energy Solutions Group Inc. fell sharply yesterday, reversing some of
its gains for the week. The company's shares ended the day 2.17% lower at
$23.88 after trading between $23.82 and $24.55. A total of 729,652 shares were
exchanged which is above the daily average volume of 677,204. Shares of Helix
Energy are still up 3.2% for this week. The stock is currently trading near
its 52-week high of $25.99. In the last three months, shares of this oil and
gas equipment and services company have gained nearly 5%. A free report on HLX
can be accessed by registering at:
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