Seeking Alpha

Hess to spin off retail unit

Hess (HES) files to spin off its retail unit in a tax-free transaction in which the energy company would distribute all the shares of the subsidiary to its stockholders.

Hess Retail would trade on the NYSE under the ticker HRE. (SEC filings)

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Comments (5)
  • zeikette1
    , contributor
    Comments (79) | Send Message
    good news , i see , everytime i do some research, how Hess, is indeed growing this way. IF not too pricy in the beginning stage's into this IPO ,I shall buy a small trial lot. Spin off's in my view , especially from these type of larger, well established companies, have mostly fared well.
    8 Jan 2014, 07:44 AM Reply Like
  • Daniel Radakovich
    , contributor
    Comments (1016) | Send Message
    ever seen a sheetz?
    8 Jan 2014, 08:15 AM Reply Like
  • racchole
    , contributor
    Comments (375) | Send Message
    Daniel, I used to frequest Sheetz in PA, I was friends with the owner's son. What point were you trying to make about the Sheetz vs. Hess?
    8 Jan 2014, 04:32 PM Reply Like
  • zeikette1
    , contributor
    Comments (79) | Send Message
    yes , exactly my point , Hess will be one like that in my view, starting with their toy trucks and small clothing line.I,m not saying it will be blazing success , but i hope it will . But just because they have been around so long and a classic american employer , I think this will be supported by many americans and other "oil company) investors.
    12 Jan 2014, 08:04 AM Reply Like
  • zeikette1
    , contributor
    Comments (79) | Send Message
    I believe she was trying to tell me that "Sheetz" , also a spin off from an oil company) has done and is doing very well at this time mostly into the restaurant biz. Not sure what exactly Hess will be doing , but they stated "retail" so I,m thinking a small retail "in store" much like cracker barrel.?
    12 Jan 2014, 08:07 AM Reply Like
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