Is this due to KATRINA ???
Something is up. :o
Symmetrical Triangle (continuation)possible breakout.
*************************************************************
Horizon Offshore Inc.
2500 Citywest Boulevard
Suite 2200
Houston, TX 77042
Phone: 713-361-2600
Fax: 713-361-2690
Web Site: http://www.horizonoffshore.com
DETAILS
Index Membership: N/A
Sector:
Industry:
Full Time Employees: 585
BUSINESS SUMMARY
Horizon Offshore, Inc. provides marine construction services for the oil and gas industry domestically in the U.S. Gulf of Mexico and northeastern U.S., as well as internationally in Latin America, southeast Asia, west Africa, and the Middle East. The primary services performed by its fleet include installing pipelines; providing pipebury, hook-up, and commissioning services; installing production platforms and other structures; disassembling and salvaging production platforms and other structures; and performing pipe spooling services. As of March 31, 2004, the company had 11 operational vessels in its marine fleet, including 5 pipelay and pipebury vessels, 2 diving support vessels, 1 dedicated pipebury vessel, 2 derrick barges, and 1 combination pipelay and derrick vessel. The pipelay, pipebury, and combination vessels install and bury pipelines with an outside diameter (including concrete coating) of approximately 39-inches. The diving support vessels connect pipelines to platforms and other pipelines (tie-ins), as well as fill pipelines with water under pressure to test the integrity of the system. The derrick barges are equipped with cranes designed to lift and place platforms, structures, or equipment into position for installation. The company is headquartered in Houston, Texas.
;)
+21.95%......Volume.......468,437
Let's Rock....... :o
HORIZON OFFSHORE (Other OTC:HOFF.PK) Delayed quote data
Last Trade: 0.535
Trade Time: 1:33PM ET
Change: 0.125 (30.49%)
Prev Close: 0.41
Open: 0.41
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 0.40 - 0.54
52wk Range: N/A
Volume: 1,495,418
Avg Vol (3m): N/A
Market Cap: 49.39M
P/E (ttm): N/A
EPS (ttm): -2.226
Div & Yield: N/A (N/A)
unbelievable!
you are the master...congratulations on yet another gret pick! ;D
julia ;D
applaud !
Setravis... I'm impressed !!! :o
Congrats !
Let me use some of my southern english here.
Thanks Ya'll............... :D
So is HOFF going to .80 now that it seems it will close past the 200MA?
I keep staring at it...and thinking..ok..when i buy...its going to go down..but, its looking strong..is tomorrow going to give much more?
thanks....I hope alot of you 3SFers got in early with this!
good luck and happy gains
julia ;D
very nice setravis ;D
I see Julia, you are looking for it to close the gap.
It may just do that indeed.Come on HOFF,Give us three white soldiers! ;D
Closed above the 200-day ema.
Technicals
13-day EMA Cross Above 50-day EMA ...= Bullish
Percentage Gainer
Last Price Quote is:
93.15%above 13-day EMA
88.22%above 50-day EMA
RS Rating: 98
Good evening all. I just got in, had a busy day with other things to do.
Was unable to be with you all here at 3SOF. I trust you all made some money without me.
This is looking good.
Nice volume and price action. ;D
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
Technicals
Percentage Gainer
Last Price Quote is:
98.88%above 13-day EMA
112.25%above 50-day EMA
RS Rating: 99
so many great picks by you and only one applaud allowed per hour! :D Great job man! :)
What you have to watch, though, is that the daily avg traded is a relatively small amt vs the last few days. Even if there is a little more upside, i would be worried about selling on the way back down.
Thanks EliteG...Wizard!!! I have learned a lot from you ;D
How have you been? I trust your portfolio is making lot's of $$$$$.
I have another busy day lined up tomorrow.Will not be able to be with
you all here at 3SOF. Have a good trading day,and turn in some cash ;D
OH Setravis....again...I watched HOFF...take off in the a.m...then simmer down and hit .59,,and i thought....phew...thank goodness I didn't pick it up because it went even lower than the open and that was probably it for its run..NOT!
Then of course...if went up..and I thought it would never hit .70 again..WRONG!
How do u know when to buy and when to sell! Really it may sound simple enough, but we all know that's the hardest part of trading...but, you seem to know these things...dead on?
How? How? How...do you do it?!
You are good! You and Eliteg are definitely mysterious characters! And, I like it!
Some of it has to rub off sooner or later ;D...hopefully sooner...or else i'll be out of cash! :D
thanks very much,
an admirer ;)
Applaud for Julia and her comments about setravis. And I agree, teach us oh master! ;D
on the move..let's see some more volume.
Fell back to support at 0.50
may be ready to continue this move up.
Technicals
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
4.75%above 13-day EMA
32.79%above 50-day EMA
RS Rating: 97
Up nice today.......+23.91%.....Volume @ 540,956
of course i was sleeping and didn't see its moves!!!
I have to get better at watching those comebacks!!
Very nice call Setravis!!..as usual :)
julia
The chart....Nice day! Will post more later.
Back above the 200-day MA.
Technicals
Percentage Gainer
Last Price Quote is:
16.08%above 13-day EMA
41.88%above 50-day EMA
RS Rating: 97
It was up....need to get some volume back in here to give it a good kick.
Still in this one.Nice day.
Falling Wedge (Reversal) Pattern.......Breakout !
Back above the 50 and 200-dma.
Technicals
13-day EMA Cross Above 50-day EMA
Close Above the 50-day EMA
Close Above the 13-day EMA
MACD - Bullish
Percentage Gainer
Last Price Quote is:
25.34%above 13-day EMA
22.32%above 50-day EMA
RS Rating: 52
Fundamentals
Key Data:
Market Cap (M): $97.88
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Market Underperform
Nice setravis, I played Hoff a long time ago, nice to see it active again, love that chart.
Another nice day for old HOFF.Good follow through on the breakout
from the falling wedge (reversal) pattern.
Support @ 0.42
Resistance @ 0.71...1.08...1.16
Technicals
13-day EMA Cross Above 50-day EMA
Close Above the 50-day EMA
Close Above the 13-day EMA
MACD - Bullish
Percentage Gainer
Last Price Quote is:
44.30%above 13-day EMA
44.66%above 50-day EMA
RS Rating: 90
Move on HOFF.......
moving again this morning.....
+11.39%.......Volume @.......954,722
Action on ++volume/$ move that started yesterday and good follow through today. ;D
Look at the insider trading! They are buyers.
I read where someone says Warren Buffet is buying this... :o If I can find the article again I will post it.
Today a White Candlestick was formed. This represents normal buying pressure
Support @ $1.08...0.98...0.83
Resistance @ $1.16...1.32...2.01
Technicals
MACD is Bullish
Stochastic is Bullish
Percentage Gainer
Last Price Quote is:
49.17%above 13-day EMA
85.01%above 50-day EMA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $146.82
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Market Underperform
Hey Setravis, I remember this pick of yours several months back....now its running again..higher than last time..not surprised at that..it is your pick after all ;D
I just saw a new release that came out at 10Pm tonight!!! Sounds good :)
Think this will cause a rise tomorrow?
As well, there is a form 14C that was released a couple of days ago for a reverse split, and we no that sometimes these r/s don't have the greatest effect on a pps, but, sometimes they do..so if someone would like to give their thoughts on it,that would be great. There was also a 13G form released on Jan 24..next day the pps rose.
Here's the link to the sec filings:
http://www.nasdaq.com/asp/quotes_sec.asp?mode=&kind=&symbol=DIAAF&symbol=AVNT&symbol=MSEV&symbol=HOFF&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=filings&selected=HOFF
Wednesday, February 01 2006 10:00 PM, EST
>HOUSTON, Feb. 1, 2006 (PRIMEZONE) -- Horizon Offshore, Inc. (OTCBB:HOFF)
announced today that Pemex Exploracion y Produccion (Pemex) has issued a letter
of award to its subsidiaries, HOC Offshore S. de R.L. de C.V. and Horizon
Offshore Contractors, Inc. for the Package 'J' pipelines of the KU-MALOOB-ZAAP
project offshore Mexico. The contract calls for the installation, tie-in and
associated commissioning of five pipelines under the KU-MALOOB-ZAAP project in
the Bay of Campeche. Horizon will utilize its lay barge Lone Star Horizon and a
DP2 vessel to perform the project. Engineering and procurement of the 20" and
24" diameter line pipe will begin in February 2006 with construction scheduled
to begin in May 2006. In addition to this award, the Company has recently
received a change order on its current contract with Pemex that was awarded in
June 2005 under the KU-MALOOB-ZAAP project.
David Sharp, President and CEO of Horizon Offshore, Inc. stated, "We believe
that there will continue to be excellent opportunities offshore Mexico. The
award of this contract, as well as the significant change order for our current
project with Pemex, reflects the confidence they have in our project execution.
Working for Pemex is a key part of our business plan. This award brings our
current backlog to over $315 million."
Horizon and its subsidiaries provide marine construction services for the
offshore oil and gas industry and energy related industries in the U.S. Gulf of
Mexico, West Africa, Southeast Asia, and Latin America. The Company's fleet is
used to perform a wide range of marine construction activities, including
installation of marine pipelines to transport oil and gas and other sub sea
production systems, and the installation and abandonment of production
platforms.
This press release contains certain forward-looking statements within the
meaning of the Private Securities Reform Act of 1995, which involve known and
unknown risk, uncertainties and other factors. Among the factors that could
cause actual results to differ materially are: the Company's substantial amount
of debt; high reliance on external sources of financing and improved cash flow
to meet its obligations and reduce its existing debt; resolution of the
Company's outstanding claims against Pemex; outcome of litigation with the
underwriters of the insurance coverage on the Gulf Horizon; industry conditions
and volatility; prices of oil and gas; the Company's ability to obtain and the
timing of new projects; changes in competitive factors; and other material
factors that are described from time to time in the Company's filings with the
Securities and Exchange Commission.
Actual events, circumstances, effects and results may be materially different
from the results, performance or achievements expressed or implied by the
forward-looking statements. Consequently, the forward-looking statements often
identified with words like "should", "expects", "believes", "anticipates",
"may", "could", etc., contained herein should not be regarded as representations
by Horizon or any other person that the projected outcomes can or will be
achieved.
The Horizon Offshore logo is available at:
http://media.primezone.com/prs/single/?pkgid=760
CONTACT: Horizon Offshore, Inc.
Ronald D. Mogel
(713) 243-2753
Press Release Source: Horizon Offshore Inc.
Horizon Offshore Completes $77 Million Refinancing
Monday March 13, 7:00 am ET
HOUSTON, March 13, 2006 (PRIMEZONE) -- Horizon Offshore, Inc. (OTC BB:HOFF.OB - News) announced today that it has entered into a $77.4 million secured term facility agented by The CIT Group/Equipment Financing, Inc. (the CIT Group). The credit facility has a five year term and bears interest at LIBOR plus 4.5% per annum. The credit facility is payable in monthly installments of $0.9 million, plus interest, for the first 24 months beginning March 31, 2006 and $0.6 million, plus interest, for the next 35 months, with the remaining principal and unpaid interest due at maturity in March 2011.
The proceeds from the facility were used to repay the outstanding amount under the Company's previous CIT Group facility maturing in March 2006 and outstanding amount under the $70 million senior secured term loan facility agented by Manchester Securities Corp. maturing in March 2007 and related closing costs and fees.
Amounts outstanding under the new secured term loan facility are secured by mortgages on most of Horizon's vessels and contains covenants, events of default and cross-default provisions customary in financings of this type.
``We are very pleased with the results of our refinancing. It paves the way for us to continue the successful execution of our business plan in light of the substantially improved market conditions we see in the Gulf of Mexico and many of our international operating areas. The new term loan facility eliminates our significant amount of short-term debt and will significantly reduce our interest expense,'' said David W. Sharp, President and Chief Executive Officer. ``We believe that our improved capital structure and strong operating performance position us to take advantage of the opportunities we see in our business.''
Horizon and its subsidiaries provide marine construction services for the offshore oil and gas and other energy related industries. The Company's fleet is used to perform a wide range of marine construction activities, including installation and repair of marine pipelines to transport oil and gas and other sub sea production systems, and the installation and abandonment of production platforms.
This press release contains certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995, which involve known and unknown risk, uncertainties and other factors. Among the factors that could cause actual results to differ materially are: the Company's substantial amount of debt, high reliance on external sources of financing and improved cash flow to meet its obligations and reduce its existing debt; resolution of the Company's outstanding claims against Pemex; outcome of litigation with the underwriters of the insurance coverage on the Gulf Horizon; industry conditions and volatility; prices of oil and gas; the Company's ability to obtain and the timing of new projects; changes in competitive factors; and other material factors that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Actual events, circumstances, effects and results may be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Consequently, the forward-looking statements often identified with words like ``should'', ``expects'', ``believes'', ``anticipates'', ``may'', ``could'', etc., contained herein should not be regarded as representations by Horizon or any other person that the projected outcomes can or will be achieved.
The Horizon Offshore logo is available at: http://media.primezone.com/prs/single/?pkgid=760
Contact:
Horizon Offshore, Inc.
Ronald D. Mogel
(713) 243-2753
--------------------------------------------------------------------------------
Source: Horizon Offshore Inc.
Nice little back north bound today.
Let's see if this will get something cooking again.
Technicals
Percentage Gainer
Last Price Quote is:
-3.11%below 13-day EMA
-1.46%below 50-day EMA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $148.95
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Market Underperform
bizjournals.com
Horizon plans reverse stock split
Wednesday March 22, 12:36 pm ET
Horizon Offshore Inc. is planning a 1-for-25 reverse stock split following the close of business on April 12.
The reverse stock split is expected to begin trading on a split-adjusted basis on April 13 on the Over-the-Counter Bulletin Board. The split has already been authorized by the company's board of directors and approved by written consent by the holders of approximately 72.1 percent of its outstanding common stock.
In conjunction with the reverse stock split, Horizon's board of directors and holders the outstanding common stock also approved reducing the number of authorized shares from 1.5 billion to 100 million.
In the reverse split, each 25 shares of issued and outstanding common stock will be converted automatically into one share of common stock.
The number of outstanding shares of common stock will be reduced from 759.6 million as of March 21, 2006 to 30.4 million shares outstanding post split.
Based in Houston, Horizon (OTCBB: HOFF - News) and its subsidiaries provide marine construction services for the offshore oil and gas and other energy related industries.
Published March 22, 2006 by the Houston Business Journal
MACD seems to have bottomed, stochastic in oversold area turning north
Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
7.69%above 13-day EMA
4.01%above 50-day EMA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $153.20
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Market Underperform
I think it is over $1.00 to stay.... ;)
Getting recognized as a survivor.... ;D
Time to breath the breath 'o life back into HOFF?
Note: will do a reverse 1-25 stock split tomorrow.
Up on guidance of April 5th.
• Horizon Offshore Provides First Quarter and Fiscal Year 2006 Financial Guidance
PrimeZone Media Network (Wed, Apr 5)
Link..... http://biz.yahoo.com/pz/060405/96853.html
New recent 52 wk high
Technicals
Last Price Quote is:
29.44%above 13-day EMA
46.24%above 50-day EMA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $873.58
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Market Underperform
Was HOFF.OB, listed on the OTCBB
Had the reverse 1-25 stock split, was listed as HRZO.OB for a short time on the OTCBB .
Now listed on the Nasdaq.....Under Ticker Symbol.....HOFF !
bizjournals.com
Nasdaq gives nod to Horizon's return
More than a year after dropping off Nasdaq's radar, Horizon Offshore Inc. is coming back into view on the exchange.
The company's shares, after recently trading on Over-the-Counter Bulletin Board market, will begin trading Monday on the Nasdaq National Market under the symbol "HOFF."
The Houston-based marine construction services company voluntarily dropped itself from the exchange in March 2005 after getting pounded by consecutive quarterly losses and haunted by a Nasdaq delisting warning in August 2004 for failing to meet the $1 minimum bid price per share requirement for continued listing.
Horizon said it opted for such a move then to avoid the lengthy delay associated with obtaining stockholder approval required under Nasdaq rules to issue common stock and convertible preferred stock in the debt-for-equity exchange component of its proposed recapitalization. The company fought its way back onto the exchange through a series of management shake-ups, stock splits and plans to pay down debt.
Last month, the company reported that it swung from a year-ago first-quarter loss to a profit in this year's first quarter. Earnings came in at $15.5 million, or 51 cents per share, compared with a loss of $15.5 million, or $12.01 per share. Contract revenue rang up at $129.9 million, more than triple than the $37.3 million in revenue the company booked for the first quarter of 2005.
Horizon's rebound signals the financial recovery that has earned the company a return to the Nasdaq, where companies tend to prefer the liquidity and status of being on the exchange.
"Listing on this market should improve the liquidity of our common stock, provide us with greater visibility, and expand the base of potential investors for our stock, which we believe will help us enhance stockholder value," said Horizon President and CEO David W. Sharp.
Horizon (OTCBB: HRZO - News) serves the offshore oil and gas industry with a variety of operations, including installing and repairing marine pipelines and installing and abandoning production platforms.
Published June 9, 2006 by the Houston Business Journal
No longer an OTCBB
Now listed on the Nasdaq......Symbol....HOFF
I will get Ramsburgh to move this to The Stock Picking Board.
AP
Cal Dive Buying Horizon Offshore
Tuesday June 12, 8:07 am ET
Helix's Cal Dive Buying Horizon Offshore in Cash-And-Stock Deal Worth $628 Million
HOUSTON (AP) -- Cal Dive International Inc., which contracts diving and pipe-laying services for oil and natural gas companies, has agreed to buy Horizon Offshore Inc. in a cash-and-stock deal worth $628 million.
Including $22 million in assumed debt, the transaction is valued at $650 million and includes about $302.5 million in cash. The deal values Horizon's stock at $19.25 per share, a 14 percent premium to the stock's Monday closing price of $16.95, and an 18 percent premium to its 30-day average trading price.
Cal Dive said it will finance the cash portion of the acquisition through borrowings, and the equity portion with about 20.4 million shares of its common stock.
The company said the acquisition will diversify its vessel fleet as well as boost international growth opportunities. The deal also is expected to add to Cal Dive's cash flow.
The combined company will operate a fleet of 23 diving support vessels, seven pipelay/pipebury barges, one dedicated pipebury barge, one multi-service vessel, one combination derrick/pipelay barge and two derrick barges.
The boards of both companies unanimously approved the transaction, which is expected to close in the third quarter, subject to regulatory clearance and Horizon stockholder approval.
Horizon said a "go shop" provision in the agreement allows it to actively seek alternative bids until July 27.
Horizon will be required to pay Cal Dive a termination fee of about $9.4 million if its board accepts another offer.
Following the transaction, Cal Dive's Quinn Hebert will continue to serve as president and chief executive of the combined company, and the Cal Dive board will be expanded to include two Horizon directors for a total of 8 members. The combined company, 80 percent of which will be owned by Cal Dive shareholders, will continue to be based in Houston.
Cal Dive is a unit of Houston-based offshore energy company Helix Energy Solutions Group Inc. The deal will lower Helix's majority stake in Cal Dive to about 59 percent from 73 percent.
Cal Dive International (DVR) set plans to acquire Horizon Offshore (HOFF) in a deal that will combine two companies that provide construction services for the offshore oil and gas industry.
The purchase will be made with a combination of Cal Dive stock and cash. Each Horizon share will be valued at $19.25, a 14% premium to Monday's close. The transaction is worth roughly $650 million, including around $22 million of Horizon's net debt.
The agreement gives Horizon until July 27 to actively seek alternative acquisition proposals.
Below charts on the two.......
52wk Range: 12.50 - 24.00
Volume: 5,651,332
Avg Vol (3m): 393,558
Technicals
Gap Up
Percentage Gainer
Last Price Quote is:
10.78%above 13-day MA
16.25%above 50-day MA
RS Rating: 94
Fundamentals
Key Data:
Market Cap (M): $552.30
P/E Ratio: 9.97
PEG Ratio: N/A
Next Earnings: 08/06/2007
Last Analyst Rating: Buy