Oil drillers brace for Hurricane Dean

By Steve Gelsi, MarketWatch
Last Update: 4:14 PM ET Aug 17, 2007

NEW YORK (MarketWatch) -- Oil drillers began pulling employees from the Gulf of Mexico on Friday as Wall Street trains its eye on Hurricane Dean's path in coming days.

The storm was upgraded to a Category 3 as it moved west through the Caribbean toward the Gulf of Mexico with winds of 125 miles an hour. Although the storm's exact path is uncertain, it seems likely to strike Mexico or the coast of Texas.
Transocean pulled about 92 employees from its most western oil rig as Hurricane Dean approached from the east. Transocean normally has 1,270 people in the Gulf of Mexico
Noble Energy said it evacuated one rig in the Gulf during tropical depression Erin, but the crew will remain onshore as the company assesses the impact of Hurricane Dean.

-> ( Time to watchout those Oil stocks, especially those in the Great discount. )

Article from:-
http://www.marketwatch.com/news/story/oil-drillers-brace-hurricane-dean/story.aspx?guid=%7B3E0D7C50%2DE47D%2D4124%2D960F%2DB7F58289818F%7D

Has the pullback in financials created an opportunity?

Posted Aug 17th 2007 7:45AM by Kevin Kelly

A very hard-hit sector from this market sell-off has been the financials including Goldman Sachs (NYSE: GS), JP Morgan (NYSE: JPM), Bear Stearns (NYSE: BSC) and Bank of America (NYSE: BAC). There are a variety of reasons for this sell-off. Some include poor hedge fund performance (Goldman and Bear), worries about unknown exposure to the derivative market, a slowdown coming in investment banking, and subprime credit exposure. While all of these concerns and worries are very legitimate, I'm starting to see very legitimate value opportunities arise in this category.It's embarrassing to admit that I liked Goldman Sachs at more than $200 per share with the stock currently below $170 per share. But I really think that this is more a case of Mr. Market offering an opportunity rather than a sign of things to come. I believe that everything I argued in my first bullish take on Goldman is still legitimate -- a very strong 'brand,' relative undervaluation vs. peers, and so on. Unlike many of its peers, Goldman wouldn't be absolutely devastated by a significant slowdown in the investment banking business (presumably due to the end of the LBO boom) because of its abundant money management and sales and trading businesses. As a result, I think that Goldman remains a very interesting investment.

Article from http://www.bloggingstocks.com/category/chasing-value/