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: bw who wrote (7160)	1/8/1998 7:07:00 PM
From: The Perfect Hedge	Read Replies (2) of 95453

From the Fool- took my best shot at improving Tidewater's (NYSE: TDW) performance this week by reading the book Rising Tide. Alas, it didn't help at all. Tidewater continued to suffer, down $3 1/4 today. I believe that six months from now we will all look back and wish that we had bought more oil service stocks in the winter. This morning a story entitled "Texaco sees no slow-down in exploration" crossed the wires. In the story Robert Black, Sr. VP, is quoted as saying that Texaco is projected to spend $3 billion in upstream operations this year. That includes exploration and production. Mr. Black also said that all existing Texaco projects make economic sense down to a $15 per barrel price for oil. This news can't be bad for Tidewater. GD

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