hurricane season definately will help matters ,but deep down is much more than a hurricane stock. they are methodically becoming a premier one stop shop for the oil services industry and imo the soon to close flotec deal -just proved their intentions to take this company to the next level. management is top notch and the fundamentals have never been stronger. underpromise -overdeliver -the management team has been nothing but consistent in delivering this stock to the front door of a bigger market! mark my words -you have'nt seen anything yet
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.
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