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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (122)	1/8/1998 5:41:00 PM
From: Robert T. Quasius	Respond to of 547

The letter's reference to $20 did not mean that he thought oil was $20 per barrel now, but rather that a price drop from $20 to $17 would not slow exploration or change the long term outlook. Texaco's press release is very encouraging, because it confirms Hvide's statement that new technology makes oil exploration economically justifiable even at lower price levels. One thought that I'd like to add is that I think oil in the $15 - $25 range is ideal for companies like HMAR and TMAR. Higher prices than that might result in recession, more alternative energy use, etc., and hence less oil consumption.

To: Grommit who wrote (122)	1/9/1998 12:15:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 547

Here's some new earnings estimates for HMAR via Zacks. The numbers still look very good to me. HMAR is selling at a current year P/E of well under 10. An excellent buy! HMAR: FURMAN SELZ has reiterated estimate for fiscal year ÿÿÿÿÿ ending 12/97 of $1.82 on 01/06/98 HMAR: FURMAN SELZ has reiterated estimate for quarter ending ÿÿÿÿÿ 12/97 of $0.54 on 01/06/98 HMAR: FURMAN SELZ increased estimate for fiscal year ending ÿÿÿÿÿ 12/98 from $3.05 to $3.10 on 01/06/98 HMAR: FURMAN SELZ made new estimate for quarter ending 03/98 ÿÿÿÿÿ of $0.64 on 01/06/98