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Tidewater Inc. Message Board

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  • manboking manboking Apr 16, 1999 3:11 PM Flag

    TDW to grow bigger

    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.
    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)...!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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!!!!

      • 1 Reply to wallstwiz1
      • WallStWizz......agree with you on the
        fundamentals on TDW, historically when oil field service
        sector stocks are at book value the gains are ultimately
        are geometric in nature.
        The resistance is now at
        30, the upper channel at 34 descending, and the next
        resistance level at 40.
        Market breadth broadening now,
        oil prices rising, momentum shifting to
        under-performing stocks with improving fundamentals, and you know
        the rest, "Price Will Follow".

    • Preview of US Commodity Markets for Monday, April

      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

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