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To: JZGalt who wrote (24246)6/16/1998 4:55:00 PM
From: Wallace Rivers  Respond to of 95453
 
Thanks for the reasoned response. HMAR has only 20% exposure in GOM, so it appears it and TMAR have that in common. The low barrier to entry issue I think is not apt here, as well...these boats can't be bought off the shelf!
I day rates do take a hit, both companies will obviously not fare as well, but I think a lot has been wrung out of both of them.