Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wallace Rivers who wrote (24243)	6/16/1998 3:58:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 95453

Dire straits seems to be an exaggeration in the case of TMAR. A substantial portion of TMAR's earnings are going to be out of the North Sea and off of the coast of Brazil. TMAR is also aggressively upgrading boats to operate in deeper water which should not be as effected by the decreased rig count problems in the GOM. I don't know what HMAR's individual situation is. I don't consider this business to have a low barrier of entry. It is not as high as deep water drilling, but it does take a reasonable amount of capital. I'm less worried about barriers to entry than I am about total rig count in the GOM.