Helix Energy Solutions Group Inc
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Energy : Energy Equipment & Services | Small Cap Value
Company profile

Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities. Its Well Intervention segment includes the Company's vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates chartered ROV support vessels. Its Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub).


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UPDATE: Billionaire banking boss Jamie Dimon: Go ahead and raise taxes on the wealthy, but do it the right way

1:33 pm ET September 23, 2020 (MarketWatch)

Shawn Langlois

That's J.P. Morgan Chase's (JPM) billionaire CEO Jamie Dimon arguing in a CNBC interview this week (https://www.cnbc.com/2020/09/23/jp-morgans-jamie-dimon-on-taxing-the-rich-donald-trumps-tax-cuts.html) that a wealth tax, as has been proposed by several Democrats, is "impossible to do."

Dimon also took issue with Joe Biden's plans to roll back Trump's huge tax cuts if he wins the White House. He said that the current tax policies are among some of the "very good things" the president has done for the U.S. economy, which he said has traditionally been a "red tape society" with a bureaucracy that "slows down a lot of business."

Dimon said governments should focus more on how taxes are structured in order to keep their economies growing. "I remind people, the world, when you slow down the economy, you are hurting the disadvantaged more than anybody else," he explained. "There're taxes which will slow down growth, like taxes on capital formation, or labor; and there're taxes which will not affect growth like taxes on, you know, well-to-do people like me."

Here's a clip from the interview:

This isn't the first time Dimon has said his fine with higher taxes. "I believe individuals earning the most can afford to pay more, and I have no problem paying higher taxes to address some of the fundamental challenges and inequities in our society," he told Fox Business last year (https://www.foxbusiness.com/business-leaders/jpmorgans-jamie-dimon-has-no-problem-paying-higher-taxes).

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 23, 2020 13:33 ET (17:33 GMT)

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