With the upcoming hurricane headed towards the gulf, will Drillers be hurt by it, meaning stock goes down or will it go up? Also how will oil/gas companies far, will Exxon and Chervon go up or down? I am not to familar with how the stocks of specific companies fair when a Hurricane hits, I just know gas goes up with a hurricane.
generally supportive to the integrated but it all has to do with where it hits..... some majors have sold their shelf production to smaller independent cos. if Dean hits a refining area like Texas city or Pascagola, refiners in non affected areas win.... if Dean plows str8 thru Texas/Louisiana production corridor, the Arabs win
It's already in the cards. But.............any "news" will make for a great alibi for the specialists/market makers to gap down en masse. Hence moving away from their basis(s).