The Standard Oil Company of California(Socal) is trying to determine how much to bid on the Gulf Oil Corporation. George Keller‚ the CEO of Socal‚ would need to borrow 14 billion dollars in order to make a substantial bid. While banks are willing to lend the money because of Socal’s low to debt ratio‚ the loan would put the company in a highly leveraged position. In order to alleviate that debt‚ some of Gulf’s assets could be sold. Keller has to consider the value of Gulf’s exploration and development
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January 21‚ 1991. This is the day the Persian Gulf suffered from possibly the largest oil spill to date. However‚ the oil spill did not only affect the gulf. Animals‚ humans‚ ecosystems‚ and biodiversity were all impacted as a result. This act‚ inflicted as a war strategy by the Iraqi’s‚ is the cause of mass deterrence to the environment in the area. Although tremendous progress has been made in an effort to clean the Gulf War oil spill‚ there are still several efforts that must be made in order
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Gulf Oil Spill ENV/100 February 27‚ 2012 Norma Turner Gulf Oil Spill The Deepwater Horizon oil spill is considered to be the largest accidental marine oil spill in the history of the petroleum industry. The spill occurred in the Gulf of Mexico on April 20‚ 2010. The spill was the result of the explosion of the Deepwater Horizon offshore drilling rig. When the rig exploded‚ it created a sea-floor gusher of oil that flowed freely for three months. It resulted in 11 people killed and
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Gulf Oil- suggested approach. Value the economic benefits associated with a decision to eliminate the exploration and development activities of the Gulf Oil Corporation. A key question is how Socal can justify a huge premium over market value to acquire Gulf. A key objective is to understand the shareholder value implications of a corporate strategy built around investing huge amounts of capital in activities that promise largely negative net present values. Place a specific value on Gulf’s
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The Gulf of Mexico Oil Spill commenced on April 20‚ 2010 and continued for next 86 days. It was devastating to the extent that it killed eleven men and seventeen people severely wounded. The total estimate of the crude oil spilled is about 4.9 million barrels. It was controlled later on but the devastating effects that last for a longtime‚ is was the contribution of the deterioration of air and water through pollutions. When the oil evaporation happens it creates very small particles called carcinogens
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A case study On Gulf Oil Corp. Course no. F-403 Course Title: Investment Banking & Lease Financing Submitted To Gazi Hasan Jamil Assistant Professor Department of Finance University of Dhaka Date of Submission - Group Profile----08 No Name Roll no. 01 Kutub Uddin Tanvir 14-025 02 Md. Biplob Tarafder
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The Gulf of Mexico oil spill began on April 20‚ 2010 in the deep waters and continued for 87 days. Oil was found from the Macondo site in the Florida panhandle and Tampa Bay. The oil and dispersed mixture embedded in the sand continued to kill dolphins and other marine life. (Pallardy‚ 2016) Oil spills can cause long-term environmental damage and can affect marine mammals‚ such as dolphins. Additional research is needed to understand the impact of oil spills on marine mammals in the Gulf of Mexico
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Theodore Levitt’s “Marketing Myopia‚ ” published using the Harvard Company Review inside of 1960‚ provides excellent perspective throughout the mind of your respective customer. Over forty a very long time later‚ the essay may be relevant along with insightful‚ ready with suggestions about revenue‚ marketing‚ along with reinvention. People who focus on marketing strategy‚ various predictive techniques‚ and the customer’s value can go beyond myopia. This may entail the use of long-term benefit objectives
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Reflection Paper on Gulf Oil Spill This presentation had a deep impact on me because I had been living in Gulf Breeze‚ Florida at the time of the spill. Gulf Breeze is located 15 miles West of Pensacola and the reefs and beaches were severely impacted by it. Not only did the spill impact the environment but also the tourism which that city needed to thrive; in turn businesses closed and restaurants plundered. When I looked outside my bedroom window at the ocean‚ instead of seeing the bright blue
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1. Evaluate the economics of Gulf’s exploration and development program in net present value terms. How do Gulf’s outlay for exploration and development compare to cash returns Gulf generates from these activities. If we evaluate the performance of Gulf’s management for the period from 1976 to 1983‚ we will find out that the management basically did not run the company properly. Many indicators prove the fact the management’s efforts in spending huge amount of money in exploration and development
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