Trico Marine Services (TMAR) Message Board

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

TMAR 22.40

-0.3%

12:12 PM EST

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To: Gameboy who wrote (861)	9/30/1998 10:16:00 AM
From: JZGalt	Read Replies (2) of 1153

> Suspect a correlation between oil prices and oil service stocks? Although there is a correlation, there is also a lead and lag time involved. E&P programs are _not_ turned on/off easily. There are still plenty of major oil companies "revising downward" their cap-ex budgets based on oil staying in the low teens. It will be some time before they revise their economic models to reflect higher prices (assuming they are wrong). The September 25th article (in the archive) has a paragraph about the supply boat numbers moving into the low $4000 level last month. loosbrock.com Not mentioned was the spike up in rates last month in the North Sea (sorry that information is from another fee based subscription source).

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