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CEO John Hess bought $4M worth of HES on 2/2/15 @$69.52:
http://www.sec.gov/Archives/edgar/data/4447/000120919115008544/xslF345X03/doc4.xml
HES projects 2015 production of 350-360K* boe/d: #msg-110329893.
HES reduces planned 2015 cap-ex by 16%: #msg-110269783.
HES favored by Brian Rogers of T Rowe Price: #msg-110232280.
HES declares regular quarterly dividend of $0.25/sh:
http://finance.yahoo.com/news/hess-announces-regular-quarterly-dividend-213000795.html
With the recent swoon in oil prices, the dividend will probably remain flat for the next few quarters.
HES reports first oil production from Tubular Bells: #msg-108247156.
HES raised the guidance for 2020 Bakken production from 150K boe/d to 175K boe/d.
Best chart from today’s Investor Day presentation: #msg-108029306.
Slide deck from HES’ Investor Day today (100 pages):
http://phx.corporate-ir.net/External.File?t=1&item=VHlwZT0yfFBhcmVudElEPTUxNzAxMjN8Q2hpbGRJRD01NjA2OTE
HES +2% on strong 3Q14 results: #msg-107647560.
HES files S-1 for spinoff of Bakken midstream MLP, to be called Hess Midstream Partners with the ticker symbol ‘HESM’:
http://finance.yahoo.com/news/hess-midstream-partners-lp-files-120400459.html
HES sets 6-year high on 2Q14 results and midstream MLP spin-off/IPO; musings on the planned MLP:
#msg-104806663
Bakken consolidation—WLL acquires KOG: #msg-104276849.
I prefer the outright sale, rather than a spin-off, for tax reasons.
Well, I was kinda' hoping for a spinoff and "free" shares in a new public company BUT this will work fine. Looks like they are going to use the proceeds to do more share buybacks. We should be over $100 before end of year IMO.
HES +2% on sale of retail business for better-than-expected price:
#msg-102338306
#msg-102341575
#msg-102341906
HES’ buyout vig just went up to some degree: #msg-101918549.
HES beats 1Q14 consensus EPS; 2Q14 Bakken forecast is 80-90K boe/d:
#msg-101803563
Looking strong today. Still holding mine and starting to get excited about the spinoff or sale of the retail assets. Should be interesting.
HES sells Thailand assets for $1B after taxes, continuing previously announced divestiture program:
#msg-101080252
Bought some more here today. Can't wait to see what happens with the spin off.
Libyan production may be back online soon: #msg-100569120.
Few companies split their stock these days.
Nice close. Time for this bad boy to make a run, double then split 2:1. I'd be happy with that.
Just bought a nice pile of shares today. Liking the looks of this one too.
HES almost ready to restart expanded Tioga-NG plant: #msg-98848306.
HES adds (retiring) Federal Reserve official to BoD: #msg-98642537.
Informative video on Big Oil poses questions for HES business model:
#msg-97715680
HES announces 2014 cap-ex budget of $5.8B, half for Bakken/Utica shales:
#msg-96330377
HES files SEC Information Statement on possible spinoff of retail business:
#msg-95700952
HES off 2.3% on this story about oil trains: #msg-95508265.
HES lowers 4Q13 guidance: #msg-95026759.
HES is considering spinning off the service-station/convenience-store business, rather than selling it, to avoid capital-gains taxes:
#msg-94660158
HES sells Indonesian assets for $1.3B: #msg-94598496.
Notes from HES 3Q13 CC: #msg-93797387.
Credit Suisse raises rating on HES: #msg-93599069.
HES continues asset divestitures with $850M sale of oil-storage terminals:
#msg-92887744
What’s not to like?
Sounds good, thanks.
The buyback could start at any time (and may already have started); however, HES said on the most recent CC that the paydown of debt would occur first.
True. Just thought they mentioned what quarter the buy back would be starting in their last conference call.
It may have started, but we don't know for sure. HES doesn't telegraph when buybacks are executed (for obvious reasons).
Anyone know if that 4 million share buy back has started yet? When was it slated to start? Did they say on that last cc?
HES breaks $80 for fist time since 2011. Dividend increase, share buybacks, insider buying, asset monetizations, and new business model are working, evidently.
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