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

To: D.J.Smyth who wrote (839)	9/17/1998 10:13:00 PM
From: Gameboy	Respond to of 1153

"broke the $13 dollar/barrel level" . . . . . and the $15 dollar/barrel level on this evening's after hours market. Best of luck, Steve

To: D.J.Smyth who wrote (839)	9/18/1998 9:13:00 PM
From: Gameboy	Read Replies (1) \| Respond to of 1153

Darrell, do you have any wild guesses as to how high oil will have to rise, and for how long a period of time, before day rates firm up and began to rise - and have you checked lately on current dayrates? Obviously, everyone's expecting a bum quarter but not everyone expected oil to pop back to $15 before it ended. We may be getting some help from Gulf weather, but it only sped up the inevitable. I fully expected oil to retrace some of its gains, and it may, but if there's a 1.8 million barrel/day supply/demand deficit (IEA 4th qtr estimate) every week that passes will soak up a lot of excess crude inventory. Best of luck, Steve