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Gold/Mining/Energy : Trico Marine Services (TMAR)
TMAR 22.410.0%Nov 7 9:30 AM EST

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To: JZGalt who wrote (716)8/24/1998 5:55:00 PM
From: D.J.Smyth   of 1153
 
rig count is down in both. most exploration was occuring in the deep water though. the deep water commands higher rates. TMAR gets "more than their share" of the deep water contracts according to them as their supply boats have fewer breakdowns per longer haul ("newer", double hulled, larger boats). the majority of rig drop off has come in the shallow water. this makes sense since more rigs are located there. percentage of shallow versus deep water shutdown doesn't have much meaning at this time.

offshore-data.com
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