Asche, Frank; Dahl, Roy Endre; Oglend, Atle - Handelshøgskolen, Universitetet i Stavanger - 2013
financial risk for companies in the oil industry, in common with most other sectors. However, VaR has been criticized after the … crisis hit companies extracting natural resources hard, and the oil and gas industry experienced a severe fall in prices …, with Brent oil dropping from 40 to below 0 in just 6 months. During events like the financial crisis, companies need to …