Yesterday, Chevron officially admitted that it was responsible for a massive spill that loosed as many as 3,700 barrels of oil a day into the Atlantic Ocean. Though the rupture that caused the release has since been plugged, oil is continuing to leak into the sea at a rate of 420-4,200 barrels a day. That's Chevron's estimate, anyway. The Brazilian government says that thus far, at least 110,000 gallons of oil have been released into the deep blue.Morals? Who needs them!
So, what's the response from Forbes? Buy Chevron!
Bearing advice that is sure to win Wall Street countless new fans, Nigam Arora, a stock trader and investment officer, penned an article for Forbes entitled "Why I'm Buying Chevron And Transocean Because Of The Brazilian Spill."
Monday, November 21, 2011
Crazy buys
In Wake of Chevron's Major Oil Spill, Forbes Says: Buy Stock in Chevron
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