Falkland Oil ‘Big Bets’ Make Desire Most Volatile
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Investors seeking volatility should look to the South Atlantic Ocean.
Desire Petroleum Plc and Rockhopper Exploration Plc have the largest average daily price moves among U.K.-traded companies valued at more than 100 million pounds ($159 million). They explore for oil in the waters around the Falkland Islands, the sheep-farming outpost 8,000 miles from London that Margaret Thatcher fought a war to keep British 28 years ago.