Seeking Alpha

Hess (HES +3.2%) has started the sales process for its oil terminal network and is seeking $1B,...

Hess (HES +3.2%) has started the sales process for its oil terminal network and is seeking $1B, Bloomberg reports. HES is said to have asked suitors to submit expressions of interest by July 2 for the 19 terminals. Mentioned as potentially interested buyers are P-E firms ArcLight Capital and Alinda Capital, plus Sunoco Logistics Partners (SXL), Buckeye Partners (BPL) and Marathon Petroleum (MPC).
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Comments (2)
  • eplangworthy
    , contributor
    Comments (2) | Send Message
     
    We hope BPL Buckeye steps up to the plate.
    26 Jun 2013, 09:04 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (869) | Send Message
     
    BPL needs to do something.
    30 Jun 2013, 09:40 AM Reply Like
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