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

To: David Klein who wrote (185)	1/26/1998 3:51:00 PM
From: Grommit	Respond to of 547

Just got a callback from HMAR. HMAR heard that TDW conf call was upbeat for next 2 qtrs but cautionary for Q3 and Q4. TDW cited the increased number of boats coming online (HMAR has 3) and suggested (unclear?) that they (TDW) will lower dayrates if need be, in order to keep utilization high. This sounded 2nd hand, so if someone has better info -- please post. HMAR said they see no indication of day rates dropping. And they remain comfortable with the analyst EPS numbers in the high $2.xx range for 1998. I am trying to get info on total number of supply boats on line now and the number scheduled to be added. Will let ya know. Previous studies I have read suggested that the increase is well under the amount necessary based on boat retirements and new oil rigs.