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Hess (HES +0.5%) is one of the few energy stocks in the black today, as Deutsche Bank upgrades...

Hess (HES +0.5%) is one of the few energy stocks in the black today, as Deutsche Bank upgrades the stock to Buy from Hold and lifts its target price to $70 from $52. The firm thinks the near-term market relative outlook for oil equities vs. nat gas equities is strong, based on an expected relative rally in WTI prices that's already underway.
Comments (2)
  • rjj1960
    , contributor
    Comments (1371) | Send Message
     
    CLR, a fine company has a market cap of 14 billion . Hes with all the refining, overseas assets and 900k acres in the bakken has a market cap of 18 billion. I think HES is undervalued. Seaway pipeline reversal to 400k barrels a day looks like it will be over 2 months early. I think this will help domestic pricing for wti vs brent, you think?
    7 Jan 2013, 12:51 PM Reply Like
  • Petrarch
    , contributor
    Comments (972) | Send Message
     
    Yes. This one and MRO are my favorites in this area.
    P
    7 Jan 2013, 02:08 PM Reply Like
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