¡¡¡THE OFFICAL HURRICANE STOCKS FOR 2007 THREAD!!! - Page 23

Worst of Atlantic hurricane season still to come By Jim Loney
Wed Jul 25, 10:47 AM ET

http://news.yahoo.com/s/nm/20070725/..._hurricanes_dc

MIAMI (Reuters) - Nearly eight weeks have passed since the last tropical storm in the Atlantic-Caribbean region faded away, but banish any notion the 2007 hurricane season has been unusually slow and beware the coming months, experts say.

ADVERTISEMENT

The peak of the six-month season is just around the corner and forecasters are still predicting a busy one.

"There's absolutely nothing out of the ordinary," Gerry Bell, a hurricane forecaster for the U.S. National Oceanic and Atmospheric Administration, said of the Atlantic season's first two months. "It's not slow. It's not fast."

On average, June and July produce zero to two named storms or hurricanes. So far this year there have been two. Andrea formed in early May, Barry on June 1.

There's plenty of evidence the first two months are meaningless as an indicator for the rest of the season.

In 2004, the first storm didn't form until August 1. It ultimately became Hurricane Alex and kicked off one of the worst Atlantic seasons in decades.

By mid-August that year, there had been five storms. The entire 2004 season saw 15 storms, including nine hurricanes.

Four of them, Charley, Frances, Ivan and Jeanne, hit Florida. Each caused more than $6 billion damage and all four rank among the top 10 costliest storms in U.S. history.

In 1998, the first storm didn't form until July 29. That season produced 10 hurricanes, including 155-mph (250-kph) Georges, which battered Key West, and 180-mph (290-kph) Mitch, which killed more than 9,000 people in Central America.

In 1992, Hurricane Andrew, the first storm of the season, didn't form until August 17. It devastated southern Florida to the tune of $25 billion and until Katrina in 2005 was the costliest hurricane in U.S. history.

Preview of what you will see: Institutional buying

DPDW Gapping after announcing coverage by Dahlman Rose and a $1.50 Price target

Dahlman Rose Initiates Research on Deep Down
HOUSTON, July 26 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced that Dahlman Rose & Company, LLC (MEMBER: NASD/SIPC) has initiated research coverage of the Company with a BUY rating and a target price of $1.50 per share.

'The management team and employees of Deep Down are very pleased with this unsolicited and uncompensated research by such a prestigious firm. We believe this interest in providing coverage lends credible third-party validation that our business model is sound and capable of generating significant shareholder value,' commented Robert E. Chamberlain, Jr., Deep Down's chairman.

'In seven months since listing DPDW on the over-the-counter Bulletin Board(R) (OTCBB) exchange, Deep Down's strategy of organic growth, coupled with strategic acquisitions of complementary industry service providers such as ElectroWave USA and our currently pending acquisition of Mako Technologies, is gaining significant momentum,' Chamberlain concluded.

About Dahlman Rose & Co., LLC

Dahlman Rose & Company, LLC (MEMBER: NASD/SIPC) is a leading full-service investment bank that offers exceptional value-added research, trading, and advisory services about growing companies, specializing in verticals within the energy sector, including marine shipping and offshore services, oilfield services, and electric utilities. Furthermore, Dahlman Rose offers investment banking capabilities across the entire capital structure to clients in the U.S. and globally. The firm provides performance for its clients through its sector specialization, and its personnel are attuned to the important day-to- day drivers in daily share price movement. Their team has cultivated a thorough understanding of these industries and their drivers by leveraging relationships with an extensive roster of company management and industry contacts. Dahlman Rose has offices in New York, Houston, San Francisco, and New Orleans. Further information on Dahlman Rose may be obtained at http://www.dahlmanrose.com.

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication, and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project. The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered 'forward-looking statements,' generally preceded by words such as 'plans,' 'expects,' 'believes,' 'anticipates,' or 'intends.' We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.