Hess (HES -3.8%) reaches deals with Malaysian national oil company Petronas to develop the North...

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Legaldoc42 Comment (1)
 
I believe it is time for the Board and Hess Family to rethink its "poison pill" policy the company has regarding selling all or part. The company seems to be going nowhere under the management team in place...while the Majors seems to hold up, despite the severe drop in price today.

HES has become a minor player in the big field. Definitely there would be a huge demand for the acreage the company holds, along with its current production and refinery assets. There are so many parts which could be bundled or sold off individually; although a single buyer might be the best suitor.

I would hope this thought would be strongly considered by all the stockholders, as well as the Board itself.
21 Jun 2012, 10:36 PM Reply Like

invest in shale? Comments (5)
 
is part of the issue for the current price the holding of Libya reserves?

With the country in the state it is, and majors moving out?
22 Jun 2012, 03:07 AM Reply Like

Alvingolub Comments (51)
 
with the price of oil at 78 the quick buck and highly margined must get out of HES quess there are a lot less of them in Exxon.
26 Jun 2012, 12:41 PM Reply Like