Descriptive Essay Examples

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Descriptive Essay Examples Descriptive Essay Examples
 Gulf Oil Corp
Gulf Oil Corp. Takeover
Summary of Facts o George Keller of the Standard Oil Company of California (Socal)
is trying to determine how much he wants to bid on Gulf Oil Corporation. Gulf will
not consider bids below $70 per share even though their last closing price per share
was valued at $43. o Between 1978 and 1982, Gulf doubled its exploration and
development expenses to increase their oil reserves. In 1983, Gulf began reducing
exploration expenditures considerably due to declining oil prices as Gulf management
repurchased 30 million of their 195 million shares outstanding. o The Gulf Oil takeover
was due to a recent takeover attempt by Boone Pickens, Jr. of Mesa Petroleum
Company. He and a group of investors had spent $638 million ... Show more content on
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Production in 1983 was 290 million composite barrels, and this was assumed to be
constant until 1991 when the remaining 283 million barrels are produced. o
Production costs were held constant relative to the production amount, including
depreciation due to the unit of production method currently used by Gulf (Production
will be the same, so depreciation amount will be the same) o Because Gulf uses the
LIFO method to account for inventory, it is assumed that new reserves are expensed
the same year that they are discovered and all other exploratory costs, including
geological and geophysical costs are charged against income as incurred. o Since there
will be no more exploration going forward, the only expenses that will be considered
are the costs involved with production to deplete the reserves. o The price of oil was
not expected to rise in the next ten years, and since inflation affects both the selling
price of oil and the cost of production, it cancels itself out and was negated in the cash
flow analysis. o Revenues minus expenses determined the cash flows for years 1984
1991. The cash flows cease in 1991 after all oil and gas reserves are liquidated. The
cash flows derived account for the liquidation of the oil and gas assets only, and do not
account for liquidating other assets such as current assets or net properties. The cash
flows were then discounted by net present value using Gulf s cost of capital as the
discount rate. Total cash flows until
 The Psychological Effects Of Night Terrors
Within a week of my birth, my parents sent me to a myopically conservative ship
community to prevent exposure of liberalism to me. Unfortunately, I felt nothing but
alienation due to my inability to relate with my peers, but relocation was unattainable.
My deep desperation to escape my world of torture caused the onset of night terrors.
Because of the potential violent qualities of night terrors, I decided to keep a journal to
provide future references and to monitor my psychological changes.
At age twelve, each community member is delegated a daily job by the ship s captain. I
never understood how the other children stayed on task so easily, for I constantly found
myself entranced with the whirling clouds and soaring birds in the sky ... Show more
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Time passed differently in the empty bunkers, making it impossible to anticipate the cold,
numbing winter nights. In time, a mandatory work check in forced me to leave my
haven, revealing an immense change in the community s atmosphere. Everything on the
ship had been tinted grey, an ominous mist hung in the air, and every noise seemed to be
muffled.
Perhaps the most unsettling deviation I saw was the sky s morphed composition.
Where the abundance of beautiful life and whimsical clouds once used to be, now was
flooded with grotesque cloud forms and hideous birds that screeched distorted notes
from lullabies that once calmed me. The sense of impending doom presented by the
sky had urged me to ask the captain if a pejorative forecast was expected. The captain
asked me how detrimental weather was a concern of mine, because he claimed to see
nothing but a clear sky and serene sunrays. Quit seeking attention so avidly and carry on
just like the rest of your buddies, he spat.
It was the most peculiar thing, for I did not feel so much as a twinge of sorrow after the
captain spoke to me in such an overtly condescending manner. Suddenly, it occurred to
me that I had been void of any emotion since the onset of winter s frigid weather. I had
become a human shell my senses and emotions both frozen.
One sole thing remained in which my energy was invested an intense longing for a
lighthouse to illuminate my face once