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HOFF - Sector: Energy - Industry: Oil Well Services & Equipment

Started by setravis, August 29, 2005, 03:40:32 PM

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setravis

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 
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Up nice today.......+23.91%.....Volume @ 540,956
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

gmarc66

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


setravis

The chart....Nice day! Will post more later.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis


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 

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

It was up....need to get some volume back in here to give it a good kick.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

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
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

SarfiSoy

Nice setravis, I played Hoff a long time ago, nice to see it active again, love that chart.

setravis

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 
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

moving again this morning.....
+11.39%.......Volume @.......954,722
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

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
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

gmarc66

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









setravis

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.


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

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


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis