Morgan Stanley analyst Ole Slorer said he has increased conviction in his Overweight rating on Helix Energy following a week on the road with the CEO. Slorer said the Schlumberger alliance is delivering customers, new techology, and creates additional incentive based opportunities. He expects Helix to continue joint market vessels with Schlumberger, taking incremental share from rigs in the Gulf of Mexico and potentially bringing one of its vessels into West Africa. Slorer sees EBITDA for 2016 just above $100M and 2017 at $170M, above consensus of $146M. The analyst has a $16 price target on Helix shares.