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Tidewater Inc. Message Board

  • fewdolmo fewdolmo Jul 9, 1999 3:24 PM Flag

    SalomonSmithBarney Sets Target Price

    m $0.38 and FY00 to $0.80 from $1.20.

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    • Good! If they have it projected to go to $25, means we will see $35 soon.

    • Solomon Smith Barney confused because we
      are headed for 32 rather than 25, but what do we
      know, VS the gurus in their Babel Towers. Wonder if
      they predicted oil prices rising from less than 10 a
      barrel to 20 in six months..?., or where they part of
      the herd mentality, buying Internet stocks, many of
      them with no earnings, true blue sky fluff stocks.

      TDW stock price has historically tracked the prices
      of the underlying commodity (oil) and a rise from 10
      to 20, therefore shoud actually place TDW closer to
      40.00 a share than to 25.00.

    • Preview of US Commodity Markets for Monday, July

      New York, July 9 (Bloomberg) -- The following
      commodity markets in the U.S. are expected to be active
      Monday before floor trading resumes. Some markets have
      after-hours trading before then.

      Gasoline for August
      delivery (HUQ9 <Cmdty>) could rise as consumption
      during the vacation season erodes supplies that last
      week were already 1 percent below a year ago. U.S.
      gasoline demand soared to 9.5 million barrels a day in the
      week ended July 2 -- the second-highest demand ever,
      according to estimates based on American Petroleum
      Institute figures. Gasoline use rises about 300,000 barrels
      a day, or 3.5 percent, during the warm weather
      driving season from the end of May through Sept. 1.
      August gasoline rose 0.73 cent to 59.59 cents a gallon
      on the New York Mercantile Exchange. A rise in
      gasoline could push crude oil futures over $20 a barrel.
      August crude rose 23 cents to $19.94 a barrel today.

      Gold for August delivery (GCQ9 <Cmdty>) could
      fall after the International Monetary Fund's executive
      board said after trading today that it's going ahead
      with a gold sale. Discussions on a sale are expected
      to conclude before September, the IMF said. The plan
      to sell 10 million ounces of the IMF's gold to help
      pay debts of poor countries has drawn opposition from
      some gold- producing countries and some members of the
      U.S. Congress, which must approve any sale. August
      gold rose 40 cents to $258.10 an ounce on the Comex
      division of the New York Mercantile Exchange.

      Copper for September delivery (HGU9 <Cmdty>) could
      rise on expectations that a strike at Canada's
      Falconbridge Ltd. refinery will disrupt supplies. The company
      told customers that it won't be able to meet
      commitments for delivery in August. Copper users were already
      expecting supply disruptions in North America by the fourth
      quarter this year because of recent mine shutdowns that
      equal about 4 percent of global supply. Stockpiles
      monitored by the Comex fell 1.6 percent this week, the
      biggest weekly decline since the week of Sept. 9.
      September copper fell 0.05 cent to 78.1 cents a pound on
      the Comex division of the New York Mercantile

      Wheat for September delivery (W U9
      <Cmdty>) could fall as U.S. farmers accelerate harvesting
      of crops planted last autumn, adding to the largest
      stockpile since 1987. The U.S. Department of Agriculture's
      monthly crop report in scheduled for release Monday at
      8:30 a.m. in Washington. The report will likely show
      U.S. farmers will collect 2 percent more winter wheat
      than the government's forecast last month, a survey of
      analysts showed. The harvest of winter wheat, the first
      and largest of the nation's annual wheat crops, will
      likely total 1.640 billion bushels, the average of
      estimates from seven analysts polled by Bloomberg News.
      That's up 1.7 percent from the U.S. Department of
      Agriculture's June estimate of 1.612 billion. Farmers probably
      will finish harvesting three-quarters of winter wheat
      by Sunday, analysts said. September wheat fell 2.25
      cents to $2.4375 a bushel on the Chicago Board of

      Jul/09/1999 18:57

3.18-0.22(-6.47%)Aug 24 4:02 PMEDT