AI
Wednesday, May 21, 2008 11:51:14 PM
The peak hurricane season typically begins in August. Last year, DPDW nearly tripled in value from mid-May to early-August. Last year, we did not have Mako, which makes us even more of a hurricane stock (and much more, of course).
Let's assume we equal last year's move during this time frame. That puts us near $3.00 by August. Add in the Mako factor, and I think that puts us a little higher.
And remember, this is only the run leading up to the Peak Season. If a major hurricane impacts offshore oil production, this will move in a major way. Much higher than anyone here probably expects.
Chart from Mid-May - Early-August 2007:
Let's assume we equal last year's move during this time frame. That puts us near $3.00 by August. Add in the Mako factor, and I think that puts us a little higher.
And remember, this is only the run leading up to the Peak Season. If a major hurricane impacts offshore oil production, this will move in a major way. Much higher than anyone here probably expects.
Chart from Mid-May - Early-August 2007:
