Was the fall of the company’s stock related to the movement of Global Oil prices?

Please read Case 11(C-147) part 4, case studies “Pacific Drilling: The Preferred Offshore Driller” and write a paper with a minimum of five APA formatted pages.Please provide at least six (6) peer-reviewed resources in support of your arguments.After your learnt about the case study of “Pacific Drilling: The Preferred Offshore Driller,” provide written CLA1 by answering the followings:● Write a summary of the case as introduction of your paper● Why offshore drilling?● Offshore drilling typically used three types, what are the three types of offshore drilling?● What was the reason for the fall of the company’s stock in 2014? Was the fall of the company’s stock related to the movement of Global Oil prices?● Was collaboration with Chevron a wise move for the company?● What were the challenges:○ Competition in the market including the supply of shale oil,○ Technological challenges, and○ Dealing with fluctuations in the international oil prices