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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (17137)	3/30/1998 8:45:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 95453

No, the boat co's have problems. We already knew that.

To: LTK007 who wrote (17137)	3/30/1998 8:48:00 AM
From: Teddy	Read Replies (1) \| Respond to of 95453

IMO, it looks company specific: "...The Company attributed the shortfall to lower utilization rates in its offshore energy support business. Domestically, in the Gulf of Mexico, there were a high number of drydockings and unscheduled service interruptions. On the international side, utilization rates suffered from the start-up of new operations and the fact that a significant number of newly acquired vessels were out of service due to upgrading in preparation for new term contracts. Day rates for all the Company's offshore vessels, both domestic and international, continue to show firmness, which indicates an improving performance in the quarters ahead as the Company continues the process of integrating new vessels into its fleet. The Company's other business segments - offshore & harbor towing, chemical transportation and petroleum product transportation -- are meanwhile performing satisfactorily..." My guess: All boats sink with HMAR, Drillers rally with OPEC and oil price.