Possible hurricane
Posted: Wed Aug 22, 2012 10:06 am
Dan, could you give us a list of maybe the top 5 most vunerable EPG stocks should the Gulf suffer a
major hurricane. Thanks Marty Z.
major hurricane. Thanks Marty Z.
Just remember, it must be a MAJOR hurricane to cause serious damage. Most platforms in the Gulf can handle a cat 4. A direct hit on major shore facilities has the most impact on production.
Energy XXI (EXXI) has the most exposure. They are almost a pure play on the GOM.
Plains (PXP) has some exposure through their ownership in MMR.
Gulfport Energy (GPOR) has two fields in South Louisiana but they survived a direct hit from Rita a few years ago.
DNR has limited exposure if a hurricane hits Mississippi.
All of the others would benefit from GOM shut-ins because oil and gas prices would go up.