ONEOK Partners recently confirmed its higher 2008 earnings guidance despite Hurricane Ike impacting some facilities in the Gulf Coast region as commodity prices stay elevated. The partnership also increased its distribution for the 10th consecutive quarter.

ONEOK has surprised on earnings 4 consecutive quarters by an average of 24.16%. It has a forward P/E of 9.87.

Company Description

ONEOK Partners Limited (OKS) is one of the largest natural gas limited partnerships in the U.S. The partnerships owns the natural gas liquid (NGL) system that connects the natural gas and NGL supply in the Mid-Continent with key markets.

The general partner is a wholly owned subsidiary of ONEOK, Inc. (OKE), an energy company which owns 47.7% of the partnership.

Net Income Jumped 63% in the Second Quarter

On Aug 5, ONEOK Partners reported second quarter earnings that surprised on Wall Street estimates by 39.05%, or 41

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ENGlobal Corp (ENG) avoided major damage from hurricane Ike and just broke out of a bearish trend. Current-year estimates are projecting a 87% increase in earnings, but the company remains fairly priced with a PEG of .8.

Company Description

ENGlobal Corporation provides engineering, automation systems, field inspection, and land management and regulatory services principally to the petroleum refining, petrochemical, pipeline, production, and process industries throughout the United States and internationally.

From its roots as a small, local engineering and design company to its current position as an international organization, ENGlobal has always focused on providing innovative, cost-effective solutions. The company is headquartered in Houston, Texas, with approximately 2,900 employees, and a market cap of $340 million.

Record Second Quarter

ENGlobal reported revenue of $136 million, which is a 52% year-over-year increase. The record mark for revenue was announced on Aug

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Tetra Technologies, Inc. (TTI), an oil and gas services company, announced recently it has withdrawn its previous 2008 earnings guidance of $1.30 - $1.55 per share. According to Geoffrey M. Hertel, president and chief executive officer, the impact of hurricanes Gustav and Ike have created significant downtime in the company’s Well Abandonment & Decommissioning (WA&D) Services and Maritech and Fluids businesses. Additionally, Hurricane Ike destroyed three platforms that have direct implications for Maritech’s production operations.

WA&D Services, Maritech and offshore Gulf of Mexico Fluids operations have essentially been curtailed since August 30. The company did not incur any significant damage to any of the WA&D Services fleet of vessels. Though the company believes that their platforms are insured, the reduction in their production is material. The company will also incur costs of insurance deductibles, among other things.

With the destruction of at least twenty-eight platforms, the potential

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Du Pont ( DD) is currently the world's second largest chemical company in terms of market capitalization and the fourth in revenue. Du Pont describes itself as a global science company employing more than 60,000 people worldwide with a diverse array of product offerings.

On September 23, 2008, Du Pont Titanium Technologies announced price increase for all Du Pont Ti-Pure titanium dioxide grades sold in Latin America. Effective October 1, Latin American prices for all Du Pont titanium dioxide grades will increase by $150 per metric ton. The company attributes the price hikes to rising demand for TiO2 and rising raw material prices.

On September 18, 2008, Du Pont declared a force majeure for its facility in Orange, Texas, after assessing the plant's damage from Hurricane Ike. This facility handles its ethylene copolymers business. It is unclear when operations here will be resumed.

Du Pont is currently valued at 12.2x our 2008

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In the energy market Wednesday, crude for November delivery pushed past $109, but then declined to close at $105.73/barrel, down 88 cents. In its weekly inventory report, the Energy Information Administration said that crude stocks were down 1.5 million barrels for the week ending September 19, bringing the total decline to 15.7 million barrels in five weeks.

RBC Capital upgrades MEMC Elec (NYSE:WFR) to Outperform from Sector Perform with a $53 tgt based on a likely renewal of demand growth in the solar sector led by pending passage of an 8-year extension and expansion of the U.S. solar tax credit program and a compelling valuation which they believe indicates over-pessimism baked into current share prices. Firm notes their upgrade is in conjunction with their macro report upgrading the entire solar sector, as they believe sector stocks are near a bottom. Their caution on WFR this year has been predicated on silicon oversupply risks in 2009 exacerbated by the company's execution issues. But they believe the fundamental headwinds in semi pricing, deterioration of spot poly prices in 2009 and a limited upside to Q3 #s from hurricane Ike impact is more than baked into the shares - trading at ~6x FY09E of $4.84. While FY09 sensitivity analysis is ...

Money Morning/The Money Map Report Where to start?  Market volatility is sure to continue for the indefinite future as investors, economists, analysts and politicos debate the merits of the federal government’s ongoing move – and try to make heads or tails out of the new financial landscape. Mega-financials that offer everything (deposits, lending, brokerage services, deal underwriting, wealth management, mergers & acquisitions deals) appear to be the wave of the future (is beleaguered Citigroup Inc. (C) suddenly ahead of its time?). Comparisons to past crises are emerging: The Great Depression, the savings & loan crisis, the junk bond collapse, Japan’s stock-and-real-estate implosion, and even Tulip Mania). Many investors have thrown in the towel (capitulation) and unloaded any and all financials (not to mention autos, airlines, and even technology stocks…anyone catch the 25,000 jobs lost at Hewlett-Packard Co. (HPQ) or ...

Climate Exchange Rebounds on Robust Results

Late last week, Climate Exchange (London: CLE) posted strong operating results, stemming a massive loss in market value of about 50% (from about 2,000 to 1,000 pence per share) in the wake of the financial crisis and near market meltdown. The stock has since settled at the 1,300 level as carbon trading growth in the Company’s two climate exchanges (European – ECX + Chicago – CCX) demonstrated health growth during the first half of 2008. The ECX posted gains from the year-ago period of 150% on over 1 billion tons while the CCX registered a 286% increase on 46 million tons of carbon traded.

Climate Exchange also narrowed its pre-tax loss to $0.6M (from a $5.1M loss …

Hybrid Technologies today announced after the bell that it impressed NBC and Fox affiliates at this year’s NASA Launchfest event. The affiliates covered the event as the company proudly displayed their unique variety of lithium-powered zero emission vehicles, including the LiVTM WISE, RUSH and RYDER during the day-long festivity.

Hybrid Technologies has had a long-standing relationship with NASA, who uses several of their vehicles for testing and has also provided valuable performance feedback to the company. Vehicles previously selected by NASA for use in the NASA KSC fleet include the Hybrid PT Cruiser, Lithium Smart Car, and a high-performance lithium-ion all-terrain vehicle as part of Hybrid Technologies’ military line.

NBC-affiliate, WBAL-TV reporter John Collins enthusiastically stated, “This is really stunning…something with a future!” The anchors weren’t surprised that the company’s cars have attracted so much attention as “gas prices are bouncing upward due to the effects of

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Oil got a big boost today thanks to the government bailout plan.  But what number should we watch?  I'd say keep your eye on overhead resistance at 102.89.  If oil can close above that in the next couple trading sessions, we can go higher. Otherwise, we're looking at a trip back to 90 or even strong support at 87.Here are some stories to keep in mind ...Gasoline Supply May Fall `Substantially,' Energy Official Says (Bloomberg) -- The Energy Department's Sept. 24 inventory report may show that U.S. gasoline supplies fell 8.5 million barrels from a four-decade low as Texas refineries assess damage from Hurricane Ike, a department official said.

``Probably the max is an 8.5 million draw in gasoline because demand is down, and it could be as low as 6.5 million'' barrels, John Duff, survey manager for the Energy Department's

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