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

To: Daniel M. Whipple who wrote (17149)	3/30/1998 10:02:00 AM
From: ron peterson	Respond to of 95453

Get out your shopping cart. load up now. Over reaction to HMAR. TMAR down too both great companys as always, my opinion only Ron

To: Daniel M. Whipple who wrote (17149)	3/30/1998 10:02:00 AM
From: jad	Read Replies (1) \| Respond to of 95453

HVIDE MARINE INC. (HMAR) 19 1/4 CLOSED. Shares of offshore transportation concern are expected to open lower this morning after the company warned that Q1 results would come in below market expectations due to lower utilization rates in its offshore energy support business. Still, the marine transportation company expects Q1 earnings to come in above year-ago profit of $0.33 a share on revenues of $39.65 million. According to Hvide marine, it expects Q1 results to come in about 25% below Wall Street expectations of $0.57 a share. Hence, HMAR expects earnings of about $0.43 a share. In the preceding quarter, Hvide Marine earned $0.56 a share on revenues of $67.4 million. The stock and the sector is already very much beaten up and further downward pressure following the earnings warning may be limited. More important than the earnings warning will be the outcome of today's OPEC meeting. If OPEC agrees to cut production and reach a more solid consensus on production levels, this could be more meaningful for this marine transportation company than the actual earnings miss. because of the uncertainty about the outcome of today's meeting, the stock will nonetheless trade lower. From Briefing this morning!

To: Daniel M. Whipple who wrote (17149)	3/30/1998 10:07:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 95453

Yes, the nature of the announcment concerns a S-T problem, but the question is: is this their only problem? Not in my opinion, the boat co's are not benefiting from the same supply and demand imbalance that the drillers are. It takes a very short time to build new supply boats. therefore supply is not constrained, while demand (bqased on the number of rigs at work) is basically fixed because the the long period of time it takes to build a rig (1 to 2 yrs) . the only way for the boat co's to increase profits is for the supply of rigs to increase faster than the supply of boats. That ain't going to happen. Stick w/ the drillers. -Lucretius