BP stock prices again fell. By January 2007, the explosion, coupled with a pipeline spill in Alaska and production delays in the Gulf of Mexico, left BP's stock down 4.5% from its position prior to the Texas City explosion. However, by April 2007, stocks had rebounded 13% erasing the 8.3% loss from 2006. Declining oil prices and concerns over oil sustainability also caused shares to fall in value in late 2008. The Deepwater Horizon oil spill in April 2010 initiated a sharp decline in share prices, and BP's shares lost roughly 50% of their value in 50 days. BP's shares reached
2009 Lüderitz oil spill 2009 Lüderitz oil spill The 2009 Lüderitz oil spill began in April 2009 off the coast of Lüderitz, Namibia. The oil spill directly affected 171 African penguins, with many more possibly threatened. The oil spill is in the area where the fishing trawler "Meob Bay" sank in June 2002, killing 19 seamen. The boat sank after a rope got caught in the propeller, which then detached causing water to flood into the engine room. However, an inspection of the site where the vessel had sunk showed that the wreck was not the source of the oil; the source of the