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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (62852)	3/24/2000 1:46:00 PM
From: BigBull	Respond to of 95453

archi - TMAR is excellent! Looks to be putting in a massive double bottom here. I'll research it over the week end.

To: Archie Meeties who wrote (62852)	3/24/2000 5:41:00 PM
From: chowder	Respond to of 95453

Hi Archimedesiii! I know TMAR. I have a small entry position with them. I have some notes I'll be glad to share, but I don't have time to do it now. I'll be glad to post them in the morning. I'm sure Big Bull will cover the technicals and perhaps financials, I'll provide information I've gathered from following them the past few months, some of the information you can't get from a 10Q. Regards, dabum

To: Archie Meeties who wrote (62852)	3/25/2000 11:27:00 AM
From: chowder	Respond to of 95453

Hi Archimedesiii! TMAR Follow-up...... A majority of TMAR's business is in the North Sea. As we all know, this region hasn't exactly been performing lately, thus TMAR's price has suffered for it. North Sea activity is picking up and TMAR's price is starting to reflect that activity. Here is a post from the Yahoo! TMAR board, by one of the more knowledgeable share owners, and he'll admit, one that has held on too long. He bought during the last boom and rode the stock down. Some notes from a conversation he had with TMAR's IR spokesman, Tom Green: messages.yahoo.com ------------------------------------------------------------ During the rash of recent conference calls, several CEO's indicated that rig utilization would pick up in the North Sea, at a rate faster than even they thought would happen. During ESV's conference call, management surprised analysts by announcing that they had 4 contracts for rigs to go to work during the "first half" of 2000. Where they only had 1 rig working last quarter, they will now have 5 out of 6. Their lone idle rig has received several inquiries. A check with SDC also verified that they too have several rigs going back to work in the North Sea. In addition to this, RIG led their conference call off with more North Sea good news. Where they only had 3 of 12 semi's working last quarter, they now have 6 more contracts and letters of intent to put those rigs to work. RIG management also stated that the 3 remaining idle rigs have also received inquiries and management stated they wouldn't be surprised to see 100% rig utilization in the North Sea by this summer. In addition to all this, FLC's CEO Paul Loyd, during his conference call, announced The North Sea is picking up for FLC too. They are in the final stages of securing 3 contracts to start drilling in the next month or two. Although the day-rates aren't exceptional, they think they'll have 100% utilization in the North Sea by this summer as well. ------------------------------------------------------------ Then of course there was the concern about TDW adding a considerable amount of boats to an already over-supplied market, to which I responded: Let's keep everything in "proper perspective". It has been suggested that TDW is going to build new boats because the little guys won't sell theirs to them. Why does TDW need new boats? Does TDW see a need for new boats? Is that need important enough that they will substantially increase their fleet? If that need is real, doesn't it make sense that TMAR sees that need as well? Let's take a look at what is transpiring! Deep water! It's coming! All the signals are there. We already know there are three regions of the world where drilling activity is supposed to rock and roll in 2000. Those areas are the Gulf of Mexico, Brazil and West Africa. If my information is correct, the GOM has a tremendous number of Independent producers drilling in the Gulf. According to the Lehman survey, the Independents are increasing their E&P budgets by 22.9 percent, a number that is significant and meaningful. Anything over 15 percent was supposed to be considered bullish. And where there's deep water drilling, there's boats! Brazil's oil industry is owned and operated by the government's Petrobras. Petrobras has increased their E&P budget by a whopping 71 percent. That's right! I said 71 percent, which amounts to over 4 BILLION dollars. I would imagine that there will be a lot of drilling going on in Brazil and most of it is .... "deep water". Did someone mention boats? The other "HOT SPOT" for 2000 is West Africa. In the last couple of weeks we've heard of oil find after oil find. Texaco's Agbami-well confirmed a discovery in excess of one billion barrels in offshore Nigeria. Exxon announced an oil discovery in the Mediterranean, (Egypt), with oil reserves between 3.7 and 8.2 billion barrels. Chevron just announced their Angolan fields are up and running. The first of the expected deep water plays this year. Did I mention boats? I would assume from Exxon's, Texaco's and Chevron's moves into West Africa, they believe there will be an increase in the demand for oil. We may be early in our investment of TMAR, and being early has a tendency to make you look like you made a mistake, but the deep water play is coming in my opinion. According to the Lehman report, if oil remains above $19.25 per barrel during 2000, companies will "INCREASE" their spending by an average of 30 percent this coming year. Much of it going to offshore projects. And where there's deepwater drilling, there's boats! Although we can't predict the future, you have to like the way the oil patch is setting itself up for year 2000, and maybe that's why TDW needs more boats, and that's why TMAR isn't going to sell theirs. There will be a need for boats in the second half of 2000. Did someone mention boats? dabum