Friday, March 04, 2016 11:42:17 AM
This is where I begin to wish I'd gone for more shares at the start altghough I was conservative for good reason: There's much to learn about any stock new to our ownership program. Buying a large upfront position guarantees nervous responses. This runs counter to my buy of yesterday which was essentially aiming to give me time to accumulate information while looking for ways to uncouple cash from possibly less desirable picks currently held.
This produces a churning effect wherein the imperative is that of reducing or eliminmating positions deemed less promising in order to increase dry powder for additional HLX purchases. Painful as it may be, the fact is that we should never forget that a sound investment program invites inquiry into earlier buys. So it is, then, that I will not hesitate selling some or all of a position in another non-income producer if I believe HLX is destined to outperform that other pick.
On occasion, a change of allocation will result from the greater desireability of a sector entering into a more positive modality. Witness energy---now on the upswing and nearly all of my picks are moving up in dynamic fashion. This is clearly a sector change we're experiencing. And inasmuch as I'm not currently invested in E&P's, my gains are coming almost entirely from the oil services area.
HLX, MDR, SDLP, NGL, ALDW----these are some of my more prominent picks.
Recent HLX News
- Helix Announces Long-Term Agreement in the Gulf of Mexico • Business Wire • 09/03/2024 11:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 08:15:40 PM
- Baker Hughes Announces Leadership Changes to Continue Strategic Growth and Customer Success • GlobeNewswire Inc. • 09/03/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:04:55 PM
- Helix Awarded New Long-Term Well Intervention Contracts with Petrobras for Siem Helix 1 and Siem Helix 2 • Business Wire • 08/27/2024 08:30:00 PM
- Helix to Participate in Upcoming Events • Business Wire • 08/23/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:08:22 PM
- Helix Extends its Revolving Credit Facility • Business Wire • 08/02/2024 08:05:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 08:49:27 PM
- Helix Reports Second Quarter 2024 Results • Business Wire • 07/24/2024 10:15:00 PM
- Helix Announces Second Quarter Earnings Release Date and Conference Call Information • Business Wire • 07/03/2024 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/20/2024 05:21:11 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 06/12/2024 08:39:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:07:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 09:43:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 09:25:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:34:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:09:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 04:44:35 PM
- Helix Reports First Quarter 2024 Results • Business Wire • 04/24/2024 10:05:00 PM
- Helix Announces First Quarter Earnings Release Date and Conference Call Information • Business Wire • 04/05/2024 09:00:00 PM
- Helix to Participate in Upcoming Events • Business Wire • 03/08/2024 11:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:27:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:22:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:16:35 PM
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