Trico Marine Services (TMAR) Message Board

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

TMAR 22.47

+0.3%

Nov 5 2:59 PM EST

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To: Stephen L. Smith who wrote (872)	10/7/1998 11:35:00 AM
From: Gameboy	of 1153

Rig count down another 20 from what? The past two weeks the rig count in the GOM has risen by 2, and worldwide by 1. From the EIA report today, the total world contract price for crude week ending Oct 2, 1998 is $13.99 - compared to $11.00 July 1st. As the price of oil continues to rise, the rig count - both in the GOM and worldwide - will also continue to rise. The earnings estimates for TMAR have been quite conservative - the most recent one from 1st Call that I saw showed a mean estimate of 20 cents/share. With earnings to be released shortly, my own opinion is that the lower the estimate the better. Under normal conditions TMAR has earned over 50 cents/share (the last two quarters), and as oil prices return to normal, so will TMAR earnings. Best of luck, Steve

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