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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: robnhood who wrote (2975)7/9/1998 6:51:00 PM
From: James F. Hopkins  Read Replies (1) of 86076
 
RRMAN; I bought TDW today @32-3/16
republic.net
Do some DD as it could go on down and I wouldn't want any one
to blame me.
But this is an area I really do know something
about. TDW is the Godzillia of the supply boat companies
to the offshore oil fields. The biggest world wide fleet going,
now the day rates can fall if oil stays down. But these people
have been here before, and right now have contracts going forward
with rates locked in. The low price of oil does not effect their
bottom line for some time, so it's stupid the way they got sold
off. Yet the mentality of the same ones that ran her up
to $70 not long ago, is that she is directly linked to oil prices,
( if any thing their fuel is cheaper on those jobs the leases
don't pay for the fuel ) Not much of that though .
Now if oil stays down long enough it will zap these guys earnings
but right now they are still making money hand over fist.
Jim
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