Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobster who wrote (12256)	2/20/1998 12:06:00 PM
From: JZGalt	Read Replies (1) of 95453

<<Trico Marine: Analyst Revisions: 10 estimates, 0 revised up, 6 revised down>> bobster, Great post with useful information. I agree with the use of earnings estimates when looking at companies and also your comment about deep water vs. land drilling. With regards to Trico specifically: I think what you are seeing in the estimates in the first quarter for TMAR is the effect of stretching out the drydock time to significantly upgrade their boats in excess of normal work done to pass inspection. This has an effect on short term earnings but significantly reduces the expenses and the turnaround times the next time the boats comes in. The other thing that was covered in the conference call was that more of the north sea fleet acquired in Saevik will be coming under longer term contract as opposed to spot work. Day rates will be below those listed in the 1997 year ending quarter, but hopefully the earnings will be more predictable. See my post on OBV and Money flow. I'm sure we could have a chicken and egg conversation about earnings estimates leading the stock price higher vs. OBV and money flow being smart money and predicting the trend ahead of the analysts. It's nice when they are all working in your favor. Right now TMAR is lacking the eps component as you pointed out. ---- Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next