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

To: JZGalt who wrote (17348)	3/31/1998 4:07:00 PM
From: Broken_Clock	Respond to of 95453

There is a perception that too many boats are coming on line(or is that "being floated" -G-) and that this will cap rates for boats. It is known that rigs take longer to build than boats so the boat business tops out a lot sooner in the cycle than the rig business. The other side is that with more deep drilling the boats will make longer trips out and therefore more boats are needed to service the more distant rigs. Then again, LT maintains the new semis have lager work areas and more storage so they need less tending by boats. To sum it up...there is more uncertainty in the boats therefore less interest in the stocks. TDW maintains that they see no weakness in their business cause it is worldwide. I would expect them to say that. Then again, they have excellent record for meeting/beating earnings and they are Numero Uno in the boats.