Rare winter storm sweeps Gulf Coast, brings historic snowfall
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2025
0mins
Source: SeekingAlpha
Impact of the Winter Storm: A rare winter storm, named Enzo, is affecting the Gulf Coast with unprecedented snowfall, leading to thousands of flight cancellations, highway closures, and at least nine reported fatalities. The National Weather Service has issued blizzard warnings in several areas, marking the first such alerts for the region.
Record Snowfall and Power Issues: Historic snowfall records were broken in cities like New Orleans and Milton, Florida, while power outages occurred across multiple states. The storm has significantly increased power demand and prices, particularly for natural gas, as utility companies prepare for ongoing impacts.
Analyst Views on BOIL
Wall Street analysts forecast BOIL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BOIL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.000
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Current: 27.000
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
