Profiteering from Disaster

Profiteering from disaster RIG Christopher Kellermeyer University of Redlands Figure [ 1 ]: http://www.mcclatchydc.com/2010/05/21/94649/remembering- occult irrigate-horizons.html Profiteering from Disaster RIG or so 10:00 PM on Tues twenty-four hours, April 20, 2010, almost 52 miles finish up of Louisianas tip, Transocean Atlantics Deep piss horizon had an explosion. The sequent left seventeen ocean workers injured and gasified eleven. In addition to the casualties, 42,000 gallons of oil per day began spilling into the Gulf of Mexico. Humanitarians and environmentalists became outraged, lawyers began to salivate, and the Obama judiciary issued a six month moratorium on oil bore in the Gulf as guard duty conditions of deep water oil production companies were investigated. Profits for Transocean and competitors immediately sank as fleets were sidelined and relocated. With inevitable lawsuits, fines, and sidelined fleets, Transocean went from universe in deep water to deep crap. However, history tells us when on that point is disaster thither is volatility; and, this speedy spreading creates opportunity for shekelseering. Deep water drilling companies experienced fast stock declines everywhere the close two months. Transocean (RIG) shares bombed from over $90 per share to slightly over $40 per share (see graph below).

Figure [ 2 ]: finance.yahoo.com The map shows us the decline in the stock toll predate the Deep Water trust disaster. At the bottom of the chart, the good lines indicate trade volume. In months prior to the disaster, the stock price and trade volume were chiefly stagnant; however, volume increase dramatically as those invested in the participation relinquished their positions to enterprise to bailout before the crash. For anyone with a modicum to invest, thither is money to be make during such disasters and during the recovery take aim (now); still, before looking into the profit side of this particular situation, it is outflank to familiarize oneself with a companys history,...If you want to touch up a rich essay, order it on our website: Ordercustompaper.com

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