Trico Marine Services (TMAR) Message Board

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Gold/Mining/Energy : Trico Marine Services (TMAR)

TMAR 22.42

0.0%

9:47 AM EST

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To: Don Westermeyer who wrote (747)	8/25/1998 3:43:00 PM
From: JZGalt	Read Replies (1) of 1153

Don, the only thing that is going to heal this sector is if oil prices rise. That will take time. Numbers I hear are now stretching out 12-18 months before we will see the sort of activity that we had just 3 months ago. TMAR should weather the storm better than most simply because it can operate in deeper water and should have lower operating costs going forward because of the money they spent on upgrading their boats. It also helps to have the boats operating in the North Sea and away from the cuthroat pricing in the Gulf. It will still take time for the pricing pressures to move the dayrates up once again, particularly since Tidewater is being very aggressive about using the current weakness to capture market share. If you go to jump.to , then follow the links to Oil Prices, etc. and then take a look at the TFC commodity charts. Technical analysis of trend. If you squint, you might see some very preliminary basing patterns, or a rally in a downtrend. Right now it isn't clear to me, but you might interpret the graphs differently. I have to admit I'm tempted, but....

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