posted
This report has been out for a while and may be the reason for the steady uptrend of both stocks:
December 8th, 2010 01:28pm Another busy one? First 2011 hurricane season prediction is out by Gareth McGrath
The 2010 hurricane season just ended. But that doesn’t mean some researchers aren’t already looking ahead to the 2011 season, which starts June 1. The famed storm prognosticators at Colorado State University on Wednesday issued their first crystal-ball look at the upcoming Atlantic hurricane season, and they’re again calling for an above-active one. That forecast comes in the wake of their 2010 estimates, which correctly projected – although ultimately underestimated – a busy hurricane season. Researchers William Gray and Phil Klotzbach are guessing that we’ll have 17 named storms next year, nine of which will strengthen into hurricanes. The 50-year average is 9.6 named storms and six hurricanes. The Colorado State scientists are also projecting that there will be a 73 percent chance of a major hurricane making landfall along the East Coast. The annual average is 52 percent. The basis for the above-average projection is extended-range statistical predictions that utilize nearly six decades of past data. While El Nino conditions are unlikely next year, the researchers said sea-surface temperatures in the far North Atlantic remain at record warm levels. “At this point, we are uncertain whether La Niña conditions or neutral conditions are more likely for the 2011 hurricane season,” they state in their pre-season report. La Nina conditions in the equatorial Pacific are generally conducive toward an active hurricane season, according to the National Oceanic and Atmospheric Administration. But Gray and Klotzbach stress the inherent uncertainty in trying to predict weather patterns six or more months out. That’s especially true in guessing where a hurricane will go. “The probability of landfall for any one location along the coast is very low and reflects the fact that, in any one season, most U.S. coastal areas will not feel the effects of a hurricane no matter how active the individual season is,” the report states. During the 2010 hurricane season there were a total of 19 named storms, tying 1887 and 1995 for third highest on record. The Colorado State team projected there to be 15 named storms before the season began in June. Of those 19 storms, 12 strengthened into hurricanes. That ties 1969 for second highest on record, according to the National Hurricane Center. Five of those became major hurricanes, reaching Category 3 or higher. But the Hurricane Center said two major factors kept most of the storms from threatening the U.S. mainland. First, the jet stream that roasted and dried out much of the eastern U.S. acted as a natural barrier to keep many storms out at sea. Then because so many of the storm formed in the eastern Atlantic close to Africa, they began curving northward before they even reached the Caribbean. The Cape Fear region didn’t see much from the stormy weather, aside from dangerous rip currents generated by storms traversing the gap between the East Coast and Bermuda and the remnants of Tropical Storm Nicole combining with another weather system to bring record-setting rain to much of eastern North Carolina in late September.
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These 2 stocks used to be priced the same. I suppose the negative publicity about the pump and dump hurt NSMG a while back. This, however, could give it more upside room than WEGI but I like them both. They each are following a consolidation pattern. Looking good!!!
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