Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Redman who wrote (6295)	12/30/1997 6:20:00 PM
From: Grommit	of 95453

This could be very encouraging for tomorrow. Tomorrow? Let's focus on 6 months from now in order to keep our sanity. I think that the boaters have more upside than the drillers and if 2 days makes a trend, the boaters have begun to move with a vengence. With HMAR and TMAR each making around $3.00 EPS in 98, the present $23-28 price is ridiculous, for example. quote.yahoo.com The supply boat companies enjoy the benefit of being one additional layer removed from the cyclicicity (is that a word?) of the drillers. i.e. Even if future oil prices were to cause the drillers to have to cut day rates to keep the rigs operating -- the rigs would need supply boats and there are less supply boats being built percentage wise than rigs -- so rigs stay operating and supply boat day rates stay solid.

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