Latest news with #Gulf Coast
Yahoo
4 days ago
- Business
- Yahoo
Sable Offshore Faces Legal Heat After Pipeline Setback, But Eyes Q3 Restart
Sable Offshore (NYSE:SOC) is one of the best oil drilling stocks according to hedge funds. On July 15, Bragar Eagle & Squire, P.C. announced it is continuing its investigation into Sable for potential violations of securities laws following the company's May restart announcement. That came after the California State Land Commission flagged issues with Sable's public statements and a court ordered a preliminary injunction against its pipeline work, events that triggered a ~15% stock drop. This legal spotlight isn't a kill switch, but it puts Sable under pressure and may delay its operational ramp-ups; the kind of risk-reward trigger hedge funds actively scan upstream. Oil workers working on a large oil drilling rig in the Gulf Coast region. Despite the scrutiny, Sable continues to fortify its financial footing. That mix of regulatory overhang plus rising momentum makes SOC a classic turnaround play for funds focused on upstream catalysts. If the investigation clears and pipeline work completes, the share upside could be sharp. Sable Offshore is a pure-play offshore drilling developer centered on its Santa Ynez Unit off California. The company is preparing for a full operational restart by Q3, contingent on legal and regulatory resolution. While we acknowledge the potential of SOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
5 days ago
- Climate
- Yahoo
Tropical disturbance threatens Gulf Coast as parts of Louisiana could see a foot of rain or more
A tropical disturbance is bringing heavy rain and the risk of flash floods to the northern Gulf Coast, triggering flood watches from Mississippi to southeast Texas, forecasters say. According to the National Weather Service, the broad area of low pressure is currently just south of Mississippi and drifting westward, with coastal Louisiana in its projected path. 'This system is forecast to continue moving westward across the northern portion of the Gulf through tonight, reaching the coast of Louisiana by Thursday,' the National Hurricane Center said in its latest forecast. How much rain could fall? The current forecast from the National Weather Service office in New Orleans calls for 2 to 4 inches of rain south of Interstate 10 through Saturday, with the potential for up to 8 inches or more in some areas. 'Ponding of water in low lying and poor drainage areas is likely,' the weather service said, with the potential for more significant flooding in low-lying areas 'if the higher end rainfall totals are realized.' Further west, up to 15 inches of rain is possible in parts of central, south central and southwest Louisiana through Saturday, the NWS office in Lake Charles warned. What are the chances of it intensifying? Low. According to the hurricane center, there is a 30% chance that the system will become a tropical depression. 'Some development could occur before the system moves westward into Louisiana later today or tonight, although the chances of the system developing into a tropical depression are low," the hurricane center said. "Regardless of development, heavy rainfall could produce localized flash flooding over portions of the north-central Gulf Coast through Friday.' How is hurricane season shaping up? The 2025 Atlantic hurricane season, which began June 1 and runs through the end of November, has gotten off to a relatively slow start. In May, forecasters at the National Oceanic and Atmospheric Administration predicted there would be 13 to 19 named storms, with six to 10 becoming hurricanes and three to five of those becoming major hurricanes (with winds of more than 110 mph). A typical hurricane season averages 14 named storms. So far, there have been three: Tropical Storms Andrea, Barry and Chantal. Solve the daily Crossword
Washington Post
6 days ago
- Climate
- Washington Post
Gulf Coast braces for flooding as storm system builds into possible tropical depression
The weather system moving across the Florida Panhandle on Wednesday was showing a greater chance of becoming a tropical depression as it moves toward the northern Gulf Coast, according to the National Hurricane Center. The system has a 40% chance of becoming a tropical depression as it moves west over the Gulf toward southeastern Louisiana on Thursday, the federal agency said. The severity of its impact will depend on how far it travels offshore, where conditions are ripe for a tropical depression, before reaching Louisiana. The tropical weather will affect Alabama and Mississippi as well. Regardless of whether the system intensifies, heavy downpours could cause flooding, officials warned. New Orleans is bracing for 3 to 5 inches (8 to 13 centimeters) of rain through Saturday, but some areas could see as much as 10 inches (25 centimeters), especially near the coast, the National Weather Service said. 'While a tropical depression cannot be ruled out near the coast on Thursday, the main focus remains the heavy rain threat,' the agency wrote on X. Volunteers and local elected officials played music as they shoveled sand into bags to hand out to residents in New Orleans on Wednesday morning at the Dryades YMCA. 'My street flooded just the other day when we got a little bit of rain and so I want to just make sure that I'm proactive,' New Orleans resident Alex Trapps said as he drove away with sandbags in his car. The looming threat in the southeast comes on the heels of a series of lethal floods this summer. On Monday, flash floods inundated New York City and parts of New Jersey, claiming two lives . And at least 132 people were killed in floodwaters that overwhelmed Texas Hill Country on the Fourth of July. The system percolating over Florida will be called Dexter if it becomes a named storm. Six weeks into the Atlantic hurricane season, which runs from June 1 to Nov. 30, there have been three named tropical storms — Andrea, Barry and Chantal — but no hurricanes. Chantal made landfall in South Carolina last week, and its remnants caused flooding in North Carolina that killed an 83-year-old woman when her car was swept off a rural road. The National Oceanic and Atmospheric Association said in May there was a 60% chance that there will be more named storms this hurricane season than there have been in past years on average. The currently developing weather system is expected to move fully inland by the end of the week. Southern Louisiana — a region all too familiar with the potentially devastating impacts of flooding — is expected to be hit hardest Thursday and beyond. Erika Mann, CEO of the Dryades YMCA, said that local elected officials managed to organize the storm supply distribution within a day after the threat intensified. 'We open our doors and help the community when the community is in need,' Mann said. Some residents who came to get supplies 'jumped out of their cars and they helped. And it just represents what New Orleans is about. We come together in crisis,' Mann said. ____ Riddle is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Yahoo
6 days ago
- Climate
- Yahoo
Tropical disturbance threatens Gulf Coast as New Orleans could see up to 10 inches of rain
A tropical disturbance is threatening to bring heavy rain and the risk of flash floods to the northeastern and central Gulf Coast this week and could become a tropical depression within days, forecasters say. According to the National Weather Service, the broad area of low pressure is currently over the Florida Panhandle and slowly drifting westward, with coastal areas of Alabama, Mississippi and Louisiana in its projected path. 'This system is forecast to continue moving westward across the northern portion of the Gulf through tonight, reaching the coast of Louisiana by Thursday,' the National Hurricane Center said in its latest forecast. Multiple flood watches have already been issued along the Louisiana coast. How much rain could fall? The current forecast from the NWS office in New Orleans calls for 3 to 5 inches of rain in coastal Louisiana south of Interstate 10 Wednesday through Saturday, with the potential for up to 10 inches in some areas. 'Ponding of water in low lying and poor drainage areas is likely,' the weather service said, with the potential for more significant flooding in low-lying areas 'if the higher end rainfall totals are realized.' Localized pockets of heavy rain are also possible in north Florida and the Panhandle on Wednesday, the NWS office in Tallahassee said, as the system moves away. What are the chances of it intensifying? According to the hurricane center, there is a 40% chance that the system will become a tropical depression. 'If this system moves far enough offshore, environmental conditions over the Gulf appear generally favorable for additional development, and a tropical depression could still form over the next couple of days before the system moves fully inland by the end of the week,' the hurricane center said. Further intensification is unlikely, but if it were to become a named storm, it would be Tropical Storm Dexter. How is hurricane season shaping up? The 2025 Atlantic hurricane season, which began June 1 and runs through the end of November, has gotten off to a relatively slow start. In May, forecasters at the National Oceanic and Atmospheric Administration predicted there would be 13 to 19 named storms, with six to 10 becoming hurricanes and three to five of those becoming major hurricanes (with winds of more than 110 mph). A typical hurricane season averages 14 named storms. So far, there have been three: Tropical Storms Andrea, Barry and Chantal. Solve the daily Crossword
Yahoo
6 days ago
- Climate
- Yahoo
Tropical disturbance threatens Gulf Coast as New Orleans could see 10 inches of rain
A tropical disturbance is threatening to bring heavy rain and the risk of flash floods to the northeastern and central Gulf Coast this week and could become a tropical depression within days, forecasters say. According to the National Weather Service, the broad area of low pressure is currently over the Florida Panhandle and slowly drifting westward, with coastal areas of Alabama, Mississippi and Louisiana in its projected path. 'This system is forecast to continue moving westward, and could emerge or redevelop over the far northeastern to north-central portion of the Gulf later today or tonight, reaching the coast of Louisiana by Thursday,' the weather service said in its latest forecast. Multiple flood watches have already been issued along the Louisiana coast. The current forecast from the NWS office in New Orleans calls for three to five inches of rain in coastal Louisiana south of Interstate 10 Wednesday through Saturday, with the potential for up to 10 inches in some areas. "Ponding of water in low-lying and poor drainage areas is likely," the weather service said, with the potential for more significant flooding in low-lying areas "if the higher end rainfall totals are realized." Localized pockets of heavy rain are also possible in north Florida and the Panhandle on Wednesday, the NWS office in Tallahassee said, as the system moves away. According to the National Hurricane Center, there is a 40% chance that the system will become a tropical depression. 'Environmental conditions over the Gulf appear generally favorable for additional development, and a tropical depression could still form over the next couple of days before the system moves fully inland by the end of the week,' the weather service said. Further intensification is unlikely, but if it were to become a named storm, it would be Tropical Storm Dexter. The 2025 Atlantic hurricane season, which began June 1 and runs through the end of November, has gotten off to a relatively slow start. In May, forecasters at the National Oceanic and Atmospheric Administration predicted there would be 13 to 19 named storms, with six to 10 becoming hurricanes and three to five of those becoming major hurricanes (with winds of more than 110 mph). So far, there have been three named storms: Tropical Storms Andrea, Barry and Chantal.
