Trico Marine Services (TMAR) Message Board

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Gold/Mining/Energy : Trico Marine Services (TMAR)

TMAR 22.52

+0.2%

Nov 3 9:47 AM EST

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To: JEFF A. KEHL who wrote (1084)	7/4/1999 8:47:00 AM
From: Mark	Read Replies (1) of 1153

The price of oil is back up to the point where it was when TMAR was trading for $20 a share. Does anyone have any ideas about why TMAR hasn't been moving up as well? I thought oil service stocks were supposed to lead the energy sector... The earnings of the exploration and production companies are directly driven by the commodity prices, but the support companies earnings are driven by the spending of the E&Ps. There will be at least a 2 quarter lag between consistently strong oil prices and any sort of recovery in service company earnings. For some of the service companies, like deepwater drillers, this lag could be as much as 8 quarters. An article which gives further details can be found at - messages.yahoo.com (read the next few posts there as well). Mark

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