North Sea Oil Spill: The Dangers of Headline Risk
By: 
From: James Cramer
Sent: Tuesday, March 27, 2012 6:34 PM
To: Nicole Urken
Subject: RE: Tmrw (Wed)
I think TOT would make an interesting piece. Total, like that other great French tragedy, the Dreyfus Affair, wrongly imprisoned!
From: James Cramer
Sent: Thursday, March 29, 2012 04:45 AM
To: Nicole Urken
Subject: Audible--They can't stop the Total leak -so we can't do it
Swap for big data piece
From: Nicole Urken
Sent: Thursday, March 29, 2012 7:02 AM
To: James Cramer
Subject: Re: Audible--They can't stop the Total leak -so we can't do it
Fyi- working on big data memo
From: James Cramer
Sent: Thursday, March 29, 2012 07:02 AM
To: Nicole Urken
Subject: RE: Audible--They can't stop the Total leak -so we can't do it
Thanks—amazing how bad the TOT thing is
From: Nicole Urken
Sent: Thursday, March 29, 2012 7:06 AM
To: James Cramer
Subject: Re: Audible--They can't stop the Total leak -so we can't do it
It was interesting -- going thru the notes last nite, the analysts all acknowledged that "right after bp spill, analysts were making the valuation case."
With TOT the 7bn loss market cap from first day implies 16bn cost for the spill (given their ownership just under 50 percent). This could be factoring in all or more of the bad news. BUT as we have seen time and again, when it comes to these broader disaster effects, it's not about valuation, it's abt headlines ... Cld pick up a cpl pts but downside is significant
