Profiteering from Disaster

Profiteering from disaster RIG Christopher Kellermeyer University of Redlands Figure [ 1 ]: http://www.mcclatchydc.com/2010/05/21/94649/remembering- duncical irrigate-horizons.html Profiteering from Disaster RIG close to 10:00 PM on Tuesday, April 20, 2010, almost 52 miles rack up of Louisianas tip, Transocean Atlantics Deep piddle horizon had an explosion. The accident 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 gum elastic conditions of deep water bore 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 in that location is volatility; and, this speedy chap creates opportunity for advantageeering. Deep water drilling companies experienced speedy stock declines everyplace the adjoining two months. Transocean (RIG) shares bombed from over $90 per share to slightly over $40 per share (see graphical record below).

Figure [ 2 ]: finance.yahoo.com The chart shows us the decline in the stock legal injury former the Deep Water whim disaster. At the bottom of the chart, the unsloped lines indicate trade volume. In months prior to the disaster, the stock price and trade volume were principally stagnant; however, volume change magnitude dramatically as those invested in the community relinquished their positions to campaign to bailout before the crash. For anyone with a modicum to invest, in that respect is money to be do during such disasters and during the recovery take aim (now); still, before looking into the profit side of this particular situation, it is trounce to familiarize oneself with a companys history,...If you want to throw up a upright essay, order it on our website: Ordercustompaper.com

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