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 (624)	7/31/1998 9:49:00 AM
From: D.J.Smyth	of 1153

Besides, all the bed news is now out. we all know what the potential bottom brings in earnings and TMAR is trading at 40% below a potential bottom in rates ($4500 day rates in the gulf) relative to trading at 12 times earnings at the absolute lowest end. even with oil at $9, rig count would drop at most by another 10%. they still need to supply the 90% left.

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