Trico Marine Services (TMAR) Message Board

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Gold/Mining/Energy : Trico Marine Services (TMAR)

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To: JZGalt who wrote (440)	6/19/1998 10:05:00 AM
From: jad	Read Replies (1) of 1153

Maybe there's hope for TMAR holders yet: The way to make money as an investor in oil services stocks appears to be to own a company that gets bought out. Schlumberger (SLB 69 15/16) will "merge" with Camco, giving 1.18 shares of SLB for each share of CAM. At a price of almost $70, that comes to a pretty hefty $82 plus for each share. CAM shares had reached about $75 in early May but had dropped to about $56 early this week as all oil related stocks trended lower. Schlumberger has now come to the rescue, but it appears likely to be limited to this stock. Other oilfield services stocks are indicated to open slightly higher on Friday as a result of the deal, but not by much, and there isn't much talk that other companies will be bought out. The outlook for the sector continues to depend primarily on the outlook for oil prices. With Japan and Asia in recession, weak demand there may make it hard for oil prices to post a significant rebound. SLB stock has also declined since early may, from about $81 to the current $69. This follows the pattern of the 16 stock XOI oil index.

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