Bullish Stocks With High Beta (Large Cap companies): $HLX $WTI $OII

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Helix Energy Solutions Group is positive as its seeks to raise more revenue through a Note offering

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Helix Energy Solutions Group Inc (NYSE:HLX) has a beta of 3.59 which means though the stock is risky yet offer huge potential returns.

Helix Energy Solutions has announced plans to issue $175 million principal amount of Convertible Senior Notes due 2026. The Notes will be issued subject to market and other conditions. The company intends to use part of the net proceeds to repurchase a section of its outstanding 4.25% Convertible Senior Notes due 2022. In addition, the company will repurchase outstanding 4.125% Convertible Senior Notes due 2023.

The transaction was privately negotiated and will be effected by one of its affiliates or an appointed underwriter. Any remaining net proceeds will be used to fund the company's general corporate expenses.

W&T Offshore is bullish with improved oil production in 2Q 2020

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W&T Offshore, Inc. (NYSE:WTI) has a beta of 3.19 which means though the stock is risky yet offer huge potential returns.

W&T Offshore produced 42,037 barrels of oil equivalent per day in 2Q 2020 representing a 205 increase compared to what was produced in 2Q 2019.The company reported$5.9 million or $0.04 per share in net loss while Adjusted Net Loss amounted to $2.2 million or $0.02 per share.

W&T Offshore generated $42.1 million in Adjusted EBITDA in 2Q 2020. The company's Adjusted EBITDA for the first six months of 2020 amounted to $104.2 million. The company reported reduction in its long-term debt associated with its Senior Second Lien Notes by $72.5 million. The company reported $7.1 million in interest savings.

Oceaneering International is bullish after being awarded contract by Dynetics, Inc

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Oceaneering International Inc (NYSE:OII) has a beta of 3.33 which means though the stock is risky yet offer huge potential returns.

Leidos' wholly owned subsidiary Dynetics, Inc. (Dynetics) has contracted Oceaneering International's Space Systems business to develop mission-critical components for Human Landing Systems (HLS) of National Aeronautics and Space Administration's (NASA)'s Artemis Program.

Oceaneering's work will involve crew systems engineering to design internal layout of the HLS crew module. This will include the integration of Exploration Extravehicular Mobility Unit (xEMU), NASA's new space suit. In addition, Oceaneering will offer preliminary designs for life-support hardware, crew-accommodations hardware, and thermal protection systems.

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