Trico Marine Services (TMAR) 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 : Trico Marine Services (TMAR)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Daniel M. Whipple who wrote (458)	6/20/1998 9:10:00 AM
From: D.J.Smyth	Read Replies (1) of 1153

<<I heard that TDW has 25 boats tied up. (not verifiable>> actually, it is verifiable if you include the boats in drydock. Tidewater has clearly stated that they have at least 25 boats intended for use in the gulf in drydock for repairs. this is not the reason for selling. <<someone knows something>> The Norweigan oil riggers are on strike. Savik services rigs out of Norway and the Northsea. If you think the Norweigans will remain on strike indefinitely... <<managers are in South America>> They have boats running out of Brazil and are looking at contracts in Venezuela. So what? someone somehwere thinks they'll miss their earnings report, and they're probably right given the expectations. but the stock is trading at 1995 levels when TMAR earned about $.45 and had 19 total boats. They now have nearly 69 boats and earn about $2. As for boats being tied up in the gulf - there are a lot of boats drydocked in the gulf for repairs. having grown up in oil producing country i can say the oil people are just like a bunch of farmers; when things are going great they're complaining, and when things are not going so great, they invent complaints for their congressman. I spoke to Green yesterday at there was no indication of what you're saying has any accuracy. It is probably a combination of the Norway strike and the earnings. They will, however, make at least $2 even under current duress circumstances. What can we say about Michael Price's 10% ownership? Price was pumping this stock just last year in Barron's AFTER it dropped to the low $20s.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next