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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (3549)	3/20/1998 3:39:00 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78530

Thanks Mike, I had forgotten about these posts. I'm pretty happy as I committed to HMAR yesterday, and the stock is showing some life (1 mil. plus shares traded on a turn day yesterday). Curiously enough (and this is entirely my read), would it not make sense to say that this downward pricing pressure in oil would be in some instances advantageous for the likes of TMAR and HMAR as one of their relatively significant expenses (oil for their vessels) has trended significantly downward? Obviously, I will have to investigate what % of their expenses is from fuel.

To: Michael Burry who wrote (3549)	3/20/1998 3:44:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 78530

I just briefly reviewed one of his posts. While I saw some good info. there were some rather glaring inaccuracies (you'll have to trust me that I know the oil service sector fairly well, I've been in it for sometime and many friends in mgt at the co's): CDG is not a deepwater driller and never has been. They don't even have semi or drillship in the fleet. Their fleet is made up a shallow jackups. PDE has a nice presence in shallow water jackups also in addition to their land rigs. Don't have time to read thru the whole thing, but I'd take his advise w/ a grain of salt. -Lucretius -------Wait a minute, now I recognize this guy. He posts over on strictly drilling. If he's over there, he's probably fairly up on stuff. Pardon me, other than what I listed above, his info is probably fairly correct, but he is very bullish on the boat co's which I and others disagree w/. So, I'll leave it at that. Good Luck!