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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: kodiak_bull who wrote (26676)10/28/2003 11:01:55 AM
From: jim_p  Read Replies (1) of 206154
 
Kb,

Wish I had the answers, but one would need to do a lot of work to find out what their relationship is with their bank/banks. Who the banks are and if they are secured? If NG prices don't tank (which the sector believes and the street does not), will the offshore sub-sector pick up in time to stop the bleeding with TMAR. Does TMAR have enough liquidity to last before the pick up begins? Is the lack of activity in the Gulf due to the belief that NG prices won’t hold up, or are there just not enough prospects to keep the existing offshore fleets active? From what I know, they have better (newer) assets than TDW. Timing on this one is not easy.

A turn today on high volume might signal a bottom for now?

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Jim
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