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: D.J.Smyth who wrote (754)	8/26/1998 8:12:00 AM
From: JZGalt	Read Replies (1) of 1153

if the price of oil begins to stabilize above $16 That is a huge IF right now. Current reading would lead me to believe that oil will not recover to that level any time soon (6 months out at least). I guess I don't understand your scenerio about the rig and the boats causing a spike in the price of TMAR. You say that it takes three months for a jackup to reset and rehire and this creates a "rush". I could see how this might work if oil prices spiked up to $16, but if they meander around the $14 level and slowly work there way higher, I don't see how a "rush" happens. The strongest companies will start to drill some more as the uptrend starts and the surge will continue if the trend continues higher, but it seems like the spike you are looking for in the dayrates will come with plenty of warning. Just an opinion.

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