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Tidewater Inc. Message Board

  • MOMONEYFme_1999 MOMONEYFme_1999 Apr 12, 1999 1:28 PM Flag

    TDW to grow bigger

    Tidewater to Grow Through Acquisitions, Chief
    Executive Says


    New Orleans, April 12 (Bloomberg)
    -- Tidewater Inc., the largest operator of offshore
    oil-service vessels, plans to use the oil industry's current
    slump as an opportunity to make acquisitions, Chief
    Executive William O'Malley said.

    Tidewater would
    prefer newer assets in markets where it already has a
    strong presence, O'Malley said, declining to be more
    specific. Tidewater has a 60 percent market share in West
    Africa and also is strong in Latin America.


    Companies that provide equipment and services to the oil
    industry have seen profits and stock prices fall as low
    oil prices prompt drilling cutbacks. Though crude oil
    prices recently turned upward, the oil-service industry
    isn't expected to recover much before next year.


    ``This is a period of high stress, but it's also a
    period of opportunity, and we are going to take
    advantage of opportunities that are out there,'' O'Malley
    said in remarks at the Howard Weil energy conference.


    New Orleans-based Tidewater has a fleet of 675
    vessels, 65 percent of them outside of the U.S. Tidewater
    bought Ocean Group Plc's offshore support division for
    $535 million in 1997.

    Tidewater shares fell
    5/16 to 24 11/16 in early afternoon trading.


    Apr/12/1999 13:05

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • We will see if any interest can be generated today. Maybe the weather will help this stock.

    • Wrote this back in April of last year and feel
      that we have spent a good portion of the last 9 months
      building a base to go higher to Fair Market value around
      48 a share. Yes it does take time , and patience is
      a virtue.

      By: DreamMaster54
      Date: 4/19/99
      12:14 pm

      "... resistance at 30.00 is minor is
      simply another little blip on the screen of a
      fundamentally neglected stock selling with a very low P/E, and
      a hell of a cash generating machine. Owning TDW at
      least allows me to sleep well at nigth not having to
      worry about some one inventing a better mouse trap
      while resting, a real value stock. The descending upper
      channel is at 34.00 and when we get there, then 40.00
      will be the next objective."

    • Subj: Off to the races.....TDW
      By:
      DreamMaster54
      Date: 4/19/99 12:14 pm

      "... resistance at 30.00
      is minor is simply another little blip on the screen
      of a fundamentally neglected stock selling with a
      very low P/E, and a hell of a cash generating machine
      as oposed to the over inflated internet stocks.
      Owning TDW at least allows me to sleep well at nigth not
      having to worry about some one inventing a better mouse
      trap while resting, a real value stock. The descending
      upper channel is at 34.00 and when we get there, then
      40.00 will be the next objective."

    • No....Tidewater.COM here, just an honest global
      boat supply company, that has come out of much
      adversity, in great financial shape, a real value stock,
      with improving fundamental, now that the tables are
      turned, lets see how the high fly, blue sky stocks do,
      time to pay the Pipper.
      Go TDW....!

    • Couldn't agree with manboking more, although I
      couldn't have said it as well. We may bump against 30 once
      or twice but it's basically a speed bump. We've
      passed both the 50 and 200 day moving averages on volume
      for the first time this year. Should settle in the
      mid-thirties and start base building for the next push into
      the forties later this spring or summer.

    • eom

      Will

    • Dreamater...Bull Run now confirmed,
      broke
      thru triple top on 4/19,
      on positive momentum
      reversal,
      near term objective 30.00.
      Descending
      channel now at 34.00 attainable,
      next resistance at
      40.00.
      Crude oil May futures closed at $17.80 (up 0.47
      cents)
      rally is intact, we go up again tomorrow.
      EOM.

    • Would have hit $30.00 or plus today, The Nasdaq heavy Internet & tech loss, made the NY market take a step back.

    • is considering a bid for Halter Marine. Thanks.

    • Naw... resistance at 30.00 is minor is simply
      another little blip on the screen of a fundamentally
      neglected stock selling with a very low P/E, and a hell of
      a cash generating machine as oposed to the over
      inflated internet stocks. Owning TDW at least allows me to
      sleep well at nigth not having to worry about some one
      inventing a better mouse trap while resting, a real value
      stock. The descending upper channel is at 34.00 and when
      we get there, then 40.00 will be the next objective.

    • View More Messages
 
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