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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (507)	7/2/1998 7:37:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 1153

Darrell, I agree with *most* of what you are saying. The exception is in the North Sea. If you read my notes on the last CC, Trico said they were being asked to extend the contracts longer term in the North Sea area, so the rates that were reported in that area might go down from the abnormally high dayrate that occurred since Saevek was hiring boats out on almost a daily basis. Obviously if you contract to have a boat for a month or longer, you are going to get a break vs. calling up and saying you ned a boat for a day. Now that oil prices have at least stopped falling, it is time to look at our preceptions of the situation once again after the next CC. If everything is on track, then load up. It is just prudent to wait and see what management has to say at this point. I really don't care for insider selling no matter how well intentioned especially when it comes from the very people who were forecasting "built in" eps gains from the various points you made.