Wall Street's favorite weatherman says Harvey could cause "historic"' flooding
Seeking Alpha
Published Aug 24, 2017 12:40PM ET
Wall Street's favorite weatherman says Harvey could cause "historic"' flooding
- Tropical storm Harvey will become a Category 2 hurricane late today, says Weather.com's Dan Leonard, as the storm grows stronger and more quickly than many meteorologists had been forecasting.
- "Historic flooding from Houston to San Antonio is very possible," drenching the area for 4-5 days, says Leonard, a top weather advisor to commodity traders and hedge fund managers.
- Magellan Midstream Partners (MMP +0.4%) says it has suspended operations at its terminal and condensate splitter in Corpus Christi, Tex., and Citgo reportedly is shutting down its refinery; Shell (LON:RDSa), Anadarko and Exxon (NYSE:XOM) already have said they are cutting production at some of their area facilities.
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- Now read: Magellan Midstream Partners: 14% Off Its 52-Week High, Take Advantage Of This 5% Dividend Yield
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