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

To: D.J.Smyth who wrote (545)	7/13/1998 12:53:00 PM
From: D.J.Smyth	Read Replies (2) \| Respond to of 1153

only approximately 14% of TMAR's work is associated with shallow water oil work, the remaining shallow water work is gas related - about 28% (looking at past notes). all other work is deep water oil and gas work. some one's looking for any reason to short/sell this stock and other oil stocks so it appears. even in a worst case scenario you're not going to have all shallow water oil rigs shut down at the same time (what, at most 20% of the total, or only about 3% of TMAR's total?). especially in the case of the gulf where a significant percentage goes to Mexico to feed its sovereign debt.