Trico Marine Services (TMAR) Message Board

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

TMAR 22.55

+0.1%

9:46 AM EST

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To: JZGalt who wrote (535)	7/10/1998 12:47:00 PM
From: D.J.Smyth	Read Replies (1) of 1153

<<TDW says it's losing it shirt>> spoke with TDW yesterday and received no such sentiment. earnings at TDW have quadrupled in the last two years. they've been batting at over 400. now they're batting at over 300, but no such shirt loss (their words, not mine). utilization relative to boats available is still around 90% (80% if you count drydocking), same at TMAR. utilization at TMAR was 70% last year and they made $2.11. utilization at TMAR this year is up so far simply because they have more boats available. prices still ranging around $7000 for supply boats. 70% of the work in the gulf is gas. although gas work typically needs less boat work than oil, the price of natural gas is still trading about the same as it was last year at this time. contracts in the gulf are shorter because of the inherent nature of gas work than conracts, say, in the north sea which is primarily oil, but work in the gulf is more dependent on the demand/supply of gas.

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