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 (701)	8/24/1998 1:35:00 PM
From: Gameboy	Read Replies (2) of 1153

Saw TMAR @7 5/8 on the 20 minute delay but by the time I got there the ask was back to 8. The really good thing about it at these prices is that it can only drop by another 8 points. Was checking out the Noesis Site to see if he'd posted his weekly update: oil-gasoline.com The third graph down shows the 1998 Crude Price Forecast with the red Brent line dropping at about a 30 degree angle from about $12/barrel at the end of July down to $11/barrel at the end of August - on its way to $9/barrel by Nov-Dec. With one week left in August, the last time I checked Brent was $12.33/barrel. I fully believe doom & gloom forecasters like this are largely responsible for the huge undervaluations in the oil service sector. Industry experts know better but casual investors take one look at these forecasts and back off. Best of luck, Steve

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