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Jim Cramer thinks asset sales could unlock big value for Hess (HES +2.4%); the company's assets...
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Tuesday, September 11, 2012, 10:45 AM ETJim Cramer thinks asset sales could unlock big value for Hess (HES +2.4%); the company's assets in the Bakken shale alone are worth $25/share, he says, while its Utica shale assets aren't valued at all. Internationally, its west Africa assets are worth $11, Europe $8 and Asia $17. Its New Jersey refining operation and 1,300 east coast filling stations could fetch another $2B, or $6/share.
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