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

To: Prophet who wrote (167)	3/25/1998 9:23:00 PM
From: Robert T. Quasius	Respond to of 1153

TMAR doesn't transport oil. They support drilling and exploration activities.

To: Prophet who wrote (167)	3/25/1998 9:26:00 PM
From: Mandinga	Read Replies (1) \| Respond to of 1153

Did you know that the size in oil cuts for Mexico is in the order of 100,000 barrels/day. That is miserable. Besides, most of TMAR activities are in the Gulf of Mexico and in Brazil, so no problems there my friend. Mandinga

To: Prophet who wrote (167)	3/25/1998 9:40:00 PM
From: Glenn Duncan	Read Replies (2) \| Respond to of 1153

Prophet, I would suspect its a supply / demand situation, whereas the supply is reduced demand remains constant or hopefully increases, the price of oil would increase. As that happens it would be increasingly profitable for drillers in the Gulf to produce, which in turn would create demand for service/support(Trico). I am certainly not an expert on Trico, perhaps someone else will answre your question. I only bought this stock on valuation and charting basis. Perhaps we could get some sector rotation to this beaten down oil group. Hope hat helps. Good investing, Duncan

To: Prophet who wrote (167)	3/26/1998 12:46:00 PM
From: IrieDiver	Read Replies (1) \| Respond to of 1153

Prophet, Just to contribute a snippet to the discussion your post has initiated: as a marine transport company I believe Trico's downside should be limited in the event that oil prices would continue to fall and oil E&P's cut back on drilling and exploration activities. The reason for this is that drilling and exploration is only one stage in the production cycle. The other stages, maintenance and support of active rigs, and closure and dismantling of dry wells continue even during periods of reduced exploration activity. As Trico derives revenues from transporting equipment and personnel to the rigs during all phases of the production cycle, I believe that they would only take a hit on a portion of their revenues (in a worst case scenario of an extended period of low oil prices). Their recent international diversification should also protect them to an extent, as the oil production companies base their drilling & exploration budgets on anticipated profit scenarios looking out several years and their costs vary according to a number of factors, including the location of the site and the drilling depth and substrate. Being an outsider to this industry, however, this is just my impression from discussions with neighbors of mine who work in the Gulf. Would be interesting to hear the opinion of others on this board who actually work in this field.