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

To: SIer formerly known as Joe B. who wrote (48)	2/23/1998 5:13:00 PM
From: Mark	Read Replies (1) \| Respond to of 1153

Nobody here has made any reference to the conference call, but I picked out the following as an interesting post on the Yahoo chat area. It's worth checking out - messages.yahoo.com@m2.yahoo.com Mark

To: SIer formerly known as Joe B. who wrote (48)	2/23/1998 5:18:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 1153

Joe, Agreed, It shouldn't move as much with oil as it does. The real concern is if oil drops too low for a length of time, oil companies will scale back in exploration/expansion. This would hurt the industry that TMAR is in as more boats = lower rates. I'm just wondering how low oil can go. It seems to me $2/b is not unlikely and could go lower unless OPEC can cut production. Oil demand will be coming off the winter peak soon and that will put a strain on the price. It seems the oil producers try to make up profit by increasing supply as the price declines and most have already busted their quotas that were increased 10% last November. That is not good! That being said I think TMAR can hold its own in the industry and even continue to grow. Even if the market eventually gives it a more deserved P/E of 15, which is still low, that would give the stock a price of about $30. Fear has to leave the sector first - that will happen only when the price of oil stops falling. If your time frame is more than a year, I'd say don't even worry about it. IMO it is unlikely the stock is going very far in any short length of time. I have seen that TMAR looks 'technically' good (relative to say HMAR) from some TA guys on the Yahoo message boards.