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

To: Glenn Duncan who wrote (166)3/25/1998 9:12:00 PM
From: Prophet  Read Replies (4) | Respond to of 1153
 
Excuse my dumb question. Why are we expecting TMAR to do better
now that Oil producers, including Mexico are cutting back
production? I know that oil stocks tend to move all in the same
direction according to industry news. Other than that, wouldn't
TMAR get negatively affected by cuts in the industry since their
business is to transport oil? Unless of course they are being
paid commission off the price of crude. So, should we expect TMAR
to be highly affected in the upper direction by OPEC's decision?



To: Glenn Duncan who wrote (166)3/26/1998 9:59:00 AM
From: Don Westermeyer  Read Replies (2) | Respond to of 1153
 
Glen,

Except for the sinking of one of their ships, I believe TMAR is still on target for Q1 earnings. Contrary to the doom and gloom in the oil sector, few companies have experienced a slow down of any kind. Earnings may be off a few cents because of that if it is determined that TMAR was at fault.

Don


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