real-time news and commentary for investors
Saturday, Jul 20
"By almost any metric, Hess (HES) sells at a discount to many peers, and to its historic...
"By almost any metric, Hess (HES) sells at a discount to many peers, and to its historic valuation," Christopher Williams notes, in a Barron's piece applauding the company's shift towards becoming a pure E&P play. Asset sales could eventually bring as much as $7B which could find its way to shareholders in the form of buybacks, Williams adds. With Elliot Management keeping a close eye on things, HES could be poised for a nice run over the next two years.