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: Robert T. Quasius who wrote (619)	7/30/1998 1:45:00 PM
From: D.J.Smyth	Read Replies (1) of 1153

One thing that some miss is that although dayrates in the gulf have fallen, they are still the HIGHEST shallow water rates in the world, even at $6K. Deep water rates in the gulf are also among the highest. Persian gulf rates and Asian rates are around $4500 and have been there for quite some time. TMAR's exposure is still relative to getting the highest day rates in the world, the gulf, Brazil and the north sea. day rates in the gulf command a higher premium as the boat market is tighter. there appears to be no relative increase of boats in the gulf.

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