posted
yup another hurricane play....this one i am not in but i am going to buy atleast 150k shares before days end thanks for the heads up on this one i forgot about it
at some point today i will add this to my list of hurricaners so far its only:
NLST WEGI and ECCI and now soon BUGS
Thanks
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
| IP: Logged |
posted
tons of support on the bid side and the ask is relatively thin... could be setting up for a nice EOD run
Posts: 135 | From: Northern New Jersey | Registered: May 2006
| IP: Logged |
posted
Chris remains tropical storm on path toward Cuba Fri Aug 4, 2006 10:19 AM IST
By Jane Sutton
MIAMI (Reuters) - Tropical Storm Chris retained its strength as it headed west toward Cuba on Thursday, prompting authorities to post storm warnings -- meaning severe weather was expected within 24 hours -- for the Turks and Caicos islands and the southeastern Bahamas.
Forecasters had thought Chris would fizzle into a tropical depression before nearing U.S. oil facilities in the Gulf of Mexico, but they said the storm's maximum sustained winds remained near 65 kph and little change in strength was expected through Friday.
At 11 p.m. EDT (0300 GMT), tropical storm watches, meaning storm conditions are expected within 36 hours, were posted for the central Bahamas, and the northern coasts of Haiti and the Dominican Republic.
With Chris only a minimal tropical storm, forecasters' main concern was the up to 5 inches (13 cm) of rain it could dump in mountainous areas.
Chris' center was about 100 km east-southeast of Grand Turk Island, the capital island of the Turks and Caicos chain, at 11 p.m., and heading west near 19 kph. On that track, Chris was expected to pass north of the Dominican Republic and Haiti and near or over the Turks and Caicos on Friday.
It would then cross Cuba and reach the Gulf of Mexico by Monday morning.
Energy prices had eased as Chris weakened. Oil and natural gas prices had risen on the possible threat to drilling platforms and exploration rigs in the Gulf, where hurricanes Katrina and Rita fueled up on unusually warm water before slamming into Louisiana and Texas last year.
The 2005 hurricanes shut a quarter of U.S. crude output and sent oil prices to record highs.
Experts have predicted this year could see another active Atlantic hurricane season, although nothing like the record 28 storms seen in 2005. Chris was the third tropical storm of the 2006 season.
Forecasters lowered their activity predictions for this year Thursday. The Colorado State University team formed by pioneer researcher William Gray predicted up to 15 tropical storms would form in the Atlantic-Caribbean basin, with seven growing into hurricanes.
Earlier forecasts had anticipated up 17 tropical storms, with nine strengthening into hurricanes.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
