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Tidewater Inc. Message Board

  • nightguil nightguil May 25, 1999 8:49 PM Flag

    Im buying in the morning...

    Great value here, I have done my homework, and
    researched the entire oil sector, IMHO, TDW offers the best
    value of any stock out there...
    Buying on the open
    and will double my money in 12 mo...
    Good luck

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    • -Russian Oil Exports Drop in May as Pledge to
      OPEC Takes Hold

      Moscow, June 9 (Bloomberg)
      -- Russia cut crude oil exports in May, government
      figures indicated, signaling the world's third- largest
      producer may fulfill its pledge to reduce shipments in the
      second quarter of 1999 to help boost world prices.

      The state-owned oil transportation monopoly, RAO
      Transneft, exported 10.6 million tons (77.4 million barrels)
      last month, down 1.6 percent from a year earlier.
      Shipments from Kazakhstan and Azerbaijan, which are
      included in Transneft's total, are some 846,000 tons a
      month, analysts say, indicating Russian exports fell
      about 5 percent in the month.

      Russia has
      largely failed to meet its commitment to slow oil
      exports, a plan adopted with the 11-member Organization of
      Petroleum Exporting Countries. In March, Russian officials
      promised to cut exports by 100,000 barrels a day from
      April 1 to July 1, but instead boosted April exports by
      5 percent, raising skepticism the country would
      meet its pledge.

      ``After an increase in April,
      exports have been apparently cut in May,'' said Vladimir
      Nosov, an oil and gas analyst at Fleming UCB in Moscow.
      ``It looks like they'll keep their promise to cut
      exports when judged for the entire quarter.''

      government has said Russia shipped more oil than planned in
      April to compensate for storms in the Black Sea in
      March. The government said it would introduce more cuts
      in May and June so that Russian crude exports won't
      exceed 28.7 million tons in the entire second quarter.

      Since the producers' agreement in March, oil prices
      have risen about 20 percent to $15.75 a barrel for the
      benchmark Brent blend in London.

      Kazakhstan has the
      right to pump through Russia 416,000 tons of oil a
      month, up from last year's quota of 275,000 tons.
      Azerbaijan should have sent to the Russian port of
      Novorossiysk 430,000 tons of oil last month, up from about
      170,000 tons a year earlier. Those estimates leave
      Russian exports at 9.75 million tons of oil last month.

      While fulfilling its pledge to OPEC, of which it is not
      a member, the Russian government is also showing
      the country's oil producers it is serious about using
      access to pipelines to influence companies, Nosov said.
      The government said it will cut off producers from
      export pipelines if they fail to pay their taxes in

      ``By introducing the cuts, the government
      is showing companies a cudgel,'' he said. ``And
      companies' ability to lobby for more access to pipelines is
      limited now, with new officials taking seats in the

      Prime Minister Sergei Stepashin, who took
      office last month, appointed Viktor Kalyuzhny to replace
      Sergei Generalov as Fuel and Energy minister. Kalyuzhny
      is now reshuffling the ministry.


    • The Tide's "jaws" (Bollinger bands) are now
      starting to upen up wide signaling the begining of a new
      rising movement, that can culminate with the stock
      reaching 32.00 before months end.
      Good luck to all
      board investors.

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    • Why do you ask?

    • Is the previous API report from Bloomberg News?

    • from Bloomberg News Jun/02/1999 18:34

    • *API Crude Oil Inventories Decline: Economic
      Instant Insight

      Market Reaction
      U.S. crude oil inventories fell unexpectedly
      week, a report from the American Petroleum Institute
      showed. The
      1.47 million-barrel, or 0.4 percent,
      decline came even as imports
      surged 14 percent.

      The report, issued after the end of floor trading of
      futures, also showed increases in inventories of both
      and distillate fuels.
      Crude oil for July delivery
      was little changed at $16.57 a
      barrel, down 8
      cents, in electronic trading on the New
      Mercantile Exchange after the report was issued. Gasoline
      heating oil futures also were little

      Behind the Numbers
      Crude oil inventories fell to
      330.9 million barrels during
      the week ended May 28,
      the API said, as refinery operations
      unchanged from a week earlier at 96.7 percent of
      The API revised the inventory figure for the
      previous week,
      raising it by 339,000 barrels.
      analysts surveyed by Bloomberg News had expected
      ranging, on average, from 300,000 barrels and 1.3
      barrels. Five analysts expected a gain and two a
      The drop in crude supplies came as imports rose
      1.10 million barrels a day to 8.86 million barrels a
      Gasoline inventories rose 2.32 million barrels
      222.3 million barrels, the API said. Analysts were
      divided on
      whether gasoline supplies rose or fell,
      with forecasts ranging
      from a decline of 600,000
      barrels to an increase of 200,000

      Gasoline imports rose by 145,000 barrels a day to
      barrels a day. Implied demand for gasoline, derived from
      in the API report, was little changed at 8.73
      million barrels a
      day, an increase of 116,000 barrels
      a day.
      Distillate fuel inventories rose 1.94
      million barrels to
      132.6 million barrels. Analysts
      expected gains ranging, on
      average, from 1.1 million
      barrels to 1.6 million barrels. Within
      the distillate
      fuel category, heating oil supplies rose by
      million barrels, while diesel supplies rose by

      What Experts Say
      ``The crude draw was surprising,
      but the gasoline number was
      a disappointment for
      those expecting a bullish report,'' said
      Kilduff, senior vice president of energy risk management
      Fimat USA Inc. in New York.
      The unchanged refinery
      utilization figure was ``OK, but it's
      going to come down,
      as more and more refiners cut back. That
      there will be less of everything down the road, and
      good for the complex. All in all, it's moderately
      bullish, given
      the crude number.''

      Crude oil prices fell 32 percent in 1998,
      touching a 12-year
      low of $10.35 a barrel in December,
      as output cuts pledged by
      major producers failed
      to eliminate a worldwide glut. Prices
      this year, reaching a 17-month high of $19.05 on May
      following more supply cuts from the Organization of
      Exporting Countries and other producers.
      Prices could
      recover on signs that Asia is slowly recovering
      more than a year of weak oil consumption and that OPEC
      sticking to its promise to reduce output. OPEC made 91
      percent of
      its pledged cuts during May, according to a
      Bloomberg survey of
      traders and

      Jun/02/1999 18:34

    • Organic_chemical...nothingh ever goes in a
      straight line except taxes, the national debt, the funeral
      home business and the balance of payment
      This is a normal correction, and the weakness reflects
      the oil prices since TDW is viewed as a commodity.

    • I don't understand this relative weakness in TDW share price. There has
      been a gradual decline as of late, and I think it is totally unwarranted.

      TDW looks so strong and undervalued.

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