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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (34)	2/19/1998 8:16:00 PM
From: JZGalt	Respond to of 1153

Did anyone read the 12/31/97 report issued by Raymond James? In that report they did a breakdown on the number of supply boats that are going to be needed to just keep pace with the increased drilling in GOM. The breakdown went something like this: 10-20 would be required by attrition and conversion 10-15 would take care of current demand imbalance 60-80 would be needed to take care of new gulf rigs proposed at 2 supply boats per rig Total 80-115 new supply boats necessary in the next few years. I listened to the conference call this morning and at one point someone from the company on a speaker phone mentioned that the shortage of supply boats was not being factored into the equation correctly. He pointed out the 10 billion drilling program in Venezula with 4 oil groups expected to start over the next 10-18 months is expected to further tighten supply of shelf capable vessels which the company indicated has not yet been thought of in the general press. In the same conference call they listed: New ships coming out are 1 in July and 1 December in Gulf of Mexico. 1 in Norway in March and 1 in Brazil also in March in addition to one swath vessel (crew boat). This doesn't look like there is going to be any glut in the near future for supply boats no matter what off the cuff remarks have been made by Tidewater. Great upbeat conference call. Got my position filled out in the weakness at the end of the day. ---- Dave

To: Emec who wrote (34)	2/20/1998 11:41:00 AM
From: JZGalt	Read Replies (2) \| Respond to of 1153

Although the sector has been heating up, the heat is not applied evenly. I like to look at Money flows (30 day), OBV and a relatively slow MACD (34,89,13signal) to spot a change in direction in a trend once I've decided on the fundamentals of the sector and narrowed the selection process down a bit. If you use this link: cbs.marketwatch.com you can see these indicators with respect to TMAR and other comparable companies. The OBV and money flow in TMAR looks very good to me. This is in contrast to their competition (TDW, HMAR, etc.) which are not showing the same sort of money flows _and_ OBV that TMAR is. ---- Dave