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


To: D.J.Smyth who wrote (565)7/16/1998 3:17:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 1153
 
Look at this!: insider buys on HLX. HLX services offshore oil rigs. (a) many oil rigs are nearing their 25 year life expectancy and will need to be replaced, (b) most oil on land has already been discovered prompting the need to drill for oil offshore, and (c) most ships handling the oil service business are single hulled - they need to be double hulled to handle deep water activity

HLX handles all these wonderful income producing problems. thankfully TMAR has been double hulling their ships for the past two years for deep water work, i.e., higher day rates.

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