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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

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    • TDW has resistance at 30.00, after that at 35.00.

      As technology corrects, and the market broadens
      participation of TDW hinges on higher oil prices, the days of a
      dollar a gallon gasoline are over. Yes mergers loom in
      the horizon, since is cheaper to buy competitors at
      below book value than to compete with them plus
      synergies are also involved in this process.
      Better
      days ahead for TDW, as the low P/E expands, pay no
      attention to current earnings reports, they only reflect
      the lower prices of the past.
      Investors keep your
      eyes on the ball (oil prices)...!

      • 2 Replies to manboking
      • I (and probably a lot of others at this board) am
        a fundamental analyst (with a BIG tendency toward
        value), but fascinated by technical analysis. Can you
        elaborate at how you arrived at these resistance levels for
        the rest of us?

        Of course, ever optimistic
        about the stock, I'm hoping the level of support is
        constantly increasing with the stock price, and the level of
        resistance is non-existant.

        Isn't it great to wake up
        in the morning knowing you own the largest oil
        service fleet in the world? GO TDW!!!!

      • Preview of US Commodity Markets for Monday, April
        19

        New York, April 16 (Bloomberg) -- The following
        commodity markets in the U.S. are expected to be active
        Monday when floor trading resumes. Some contracts have
        after-hours trading before then.
        Crude oil for May
        delivery (CLK9 <Cmdty>) could rise from a 14-month
        high on expectations that exporters will honor an
        agreement to cut world crude supply by 2.7 percent. Those
        cuts, which were pledged last month, already are
        eroding a supply surplus that sent prices to 12-year lows
        in December, the Paris- based International Energy
        Agency said. Also, the almost month- long bombing of
        Serbian forces in Yugoslavia by the North Atlantic Treaty
        Organization is boosting demand for jet fuel. Oil prices are
        up 52 percent since mid-February. May crude oil rose
        46 cents to $17.33 a barrel on the New York
        Mercantile Exchange, the lowest closing price since Jan. 29,
        1998. (For news: NI OIL.)
        Natural gas for May
        delivery (NGK9 <Cmdty>) could rise on expectations
        that unseasonably hot weather in the U.S. Southwest
        will spur demand for gas to generate electricity for
        air conditioning. Temperatures could reach into the
        upper 90s Fahrenheit in Phoenix this weekend, according
        to Weather Services Corp. in Lexington,
        Massachusetts. Natural gas for May delivery at the Henry Hub in
        Louisiana fell 1.3 cents to $2.124 per million British
        thermal units on the Nymex. (For news: NI GAS.)

        Copper for delivery in May (HGK9 <Cmdty>) could
        fall from a four-month high amid record exchange
        stockpiles and as some producers delay deciding whether to
        reduce production because of low prices. Broken Hill
        Proprietary Co., which has three copper mines in Arizona and
        Nevada, said it will decide by the end of May whether to
        close or sell the mines, which have annual capacity of
        200,000 tons. Some traders are speculating the mines will
        be shut down. Stockpiles at warehouses monitored by
        the London Metal Exchange are at a record 741,350
        metric tons. May copper rose 1.8 cents to 68.95 cents a
        pound on the Comex division of the New York Mercantile
        Exchange. (For news: NI COPPER.)
        Corn for July delivery
        (C N9 <Cmdty>) could rise on expectations that
        rainfall will put U.S. farmers behind schedule planting
        the nation's biggest crop. Above-average rainfall and
        average temperatures are forecast for much of the Midwest
        from April 22 to April 26, the National Weather
        Service said. Some fields are too wet, and the soil too
        cool, for planting. To be sure, farmers have until
        mid-May to plant corn before yieldsare reduced because of
        a shortened growing season. July corn fell 2.25
        cents to $2.2325 a bushel on the Chicago Board of
        Trade. (For news: NI WHEAT.)
        Cattle for June
        delivery (LCM9 <Cmdty>) could fall after a
        government report showed the number of animals sent to
        feedlots in March rose a larger-than-expected 22 percent,
        signaling ample supplies this summer. Ranchers sent 1.731
        million young cattle to feedlots during March, up from
        1.421 million a year earlier, the U.S. Department of
        Agriculture said after trading closed. Analysts expected a 16
        percent rise in March placements. It was the third
        monthly increase in placements after seven months of
        declines and could lead to increased supplies of
        market-ready cattle in June. Before the report, June cattle
        ended little changed, rising 0.175 cent to 63.35 cents
        a pound on the Chicago Mercantile Exchange. (For
        news: NI CATTLE.)

        Apr/16/1999 19:05

    • Some Internet profit going into the low PE stocks, fundamentals back in style.

      $29.00 by April 30- EOM

    • 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."

    • 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.

    • is considering a bid for Halter Marine. Thanks.

    • We will see if any interest can be generated today. Maybe the weather will help this stock.

    • 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.

    • 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."

    • eom

      Will

    • 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
 
TDW
28.39-0.19(-0.66%)Feb 26 4:04 PMEST

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