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Hess (HES) +1% premarket after Heard On The Street suggests it could be sold outright rather...

Hess (HES) +1% premarket after Heard On The Street suggests it could be sold outright rather than broken up into pieces. No one has stepped up to buy Hess despite its valuation gap, Liam Denning writes, most likely because it wasn't perceived as being for sale. Norway's Statoil (STO) is an intriguing potential acquirer; for one thing, it has among the lowest proved-reserves life of the major oil companies.
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Comments (2)
  • zorro2828
    , contributor
    Comments (650) | Send Message
     
    Not sure what Mike Fitzsimmons will think, and he is our resident oil expert, but if COP is in a good place with a solid balance sheet and looking for North American assets, this could do the trick! The gas stations are an issue but I am sure the details could be worked out.. Interesting idea though!
    25 Mar 2013, 08:40 AM Reply Like
  • User 8657511
    , contributor
    Comment (1) | Send Message
     
    Jim Cramer was right on his call about HES....BUY BUY BUY!!!
    25 Mar 2013, 08:50 AM Reply Like
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