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

To: D.J.Smyth who wrote (851)	9/23/1998 2:31:00 PM
From: Gameboy	Read Replies (1) \| Respond to of 1153

Darrell, I spoke to Tom Green who is the acting Investor Relations spokesman at TMAR and he confirmed that GOM supply boat rates are trending towards $4,000/day. I looked backed at some of your previous analysis and was relieved to see that you had run numbers on this contingency. Also he said that although the storms were costing everyone about two weeks utilization in the Gulf, the boats were somewhat better off because they were being used to unload crews from platforms, and after the storms passed, to again load them onto platforms. One of our big assets as TMAR stockholders at this time is the incredibly huge discount the market has already given TMAR. If TMAR shows any third quarter profit at all, it will confound many analysts. Mr. Green assured me that TMAR would show a profit. TMAR has been gearing up for the arrival of several deep water rigs to be delivered next summer; they have been in the planning for 5 years and are very much still on schedule. The second half of next year looks promising. Oil is the key. The sharp rise in oil we have been experiencing will stabilize day rates, and eventually push them higher. By the way, the GOM, 40% of TMAR's revenue base, is the only geographical sector of TMAR's revenue base to be substantially affected - the remaining 60% of its revenue base is quite healthy. I am a firm believer in the efficacy of a cartel and now: Saudi to discuss ''cooperation'' with U.S. oil men biz.yahoo.com Wednesday September 23, 8:41 am Eastern Time Last year Saudi Oil Minister Ali al-Naimi dashed foreign company hopes when he told a conference in Yanbu that the involvement of international firms was not needed. Saudi Arabia already has large alliances with Texaco and Royal/Dutch Shell (quote from Yahoo! UK & Ireland: SHEL.L) in the U.S. refining and marketing industry with the joint ventures Star Enterprises and Equilon Enterprises. Looks like an OPEC principal is teaming up with the oil majors - the free market at work. Best of luck, Steve