Hess (HES) +5.4% premarket after announcing plans to sell its U.S. terminal network, which has...

|About: Hess Corporation (HES)|By:, SA News Editor

Hess (HES) +5.4% premarket after announcing plans to sell its U.S. terminal network, which has 28M barrels of storage capacity; Goldman Sachs to assist in the divestiture. HES also will complete its exit from the refining business by closing its Port Reading, N.J., refinery. HES says the moves will allow it to "redeploy substantial additional capital to fund... future growth opportunities."