Seeking Alpha

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

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."
From other sites
Comments (1)
  • User 353732
    , contributor
    Comments (4987) | Send Message
     
    The opportunities in North American E&P are now so great and growing that corporate and financial focus on these opportunities is essential for delivering expected value for shareholders and comparing favorably with the peer.
    Integration of upstream, midstream and downstream businesses is now a model that suits only the largest global oil and gas companies.
    29 Jan 2013, 05:21 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs