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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: JZGalt who wrote (705)	8/24/1998 4:28:00 PM
From: Gameboy	Read Replies (1) of 1153

Russia's production did increase significantly after March 23 but they promised a production cutback of 100,000 barrels/day to begin July 1st, and apparently went full tilt up until then.. I don't know how successful they've been after July 1st, but from what I've read Russia faces the same problem as most producers - at the $11.19/barrel they received week ending Aug 21st, many of their wells are simply unprofitable. Venezuela didn't shut down 59% of its rigs solely to meet its OPEC quota. Your plan to wait for the rebound seems to be working so far. Best of luck, Steve

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