Hess (HES +5.1%) has "turned a corner" and is executing the right strategy, Oppenheimer's Fadel...

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

Hess (HES +5.1%) has "turned a corner" and is executing the right strategy, Oppenheimer's Fadel Gheit says on its move to sell its fuel storage terminal network and exit the refining business, adding the terminals business may sell for as much as $1B. While UBS expects Hess to keep its retail presence, Edward Jones thinks exiting the lower-margin business would unlock further value.