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 (77) | 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 (814) | Send Message
    ever seen a sheetz?
    8 Jan 2014, 08:15 AM Reply Like
  • racchole
    , contributor
    Comments (363) | 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 (77) | 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 (77) | 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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