Trico Marine Services (TMAR) Message Board

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

TMAR 22.41

0.0%

Nov 7 9:30 AM EST

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To: D.J.Smyth who wrote (598)	7/28/1998 12:02:00 PM
From: Grommit	Read Replies (1) of 1153

Raymond James was using $8,200 (Q298) - 7,500 - 7,000 - 6,800 - 6,700 - 6,600 - 6,500 (Q4-99) for gulf dayrates by qtr. This is from a report dated June 4. They stated that these new dayrates were conservative. Dayrates are now at $6,000 in the gulf. R James was blindsided. The incremental cost of operating a boat is $2500. Rates can go as low as TDW wants. $5000 in a qtr would not surprise me. Utilizations are crappy in the gulf. Rig count will drop. Gas rigs will drop in 2nd half. Stock may or may not be undervalued, but I think it will not turn up until outlook turns up. I do not own any - long or short.

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