The Rising Influence of Rising Affluence

[DewDiligence]

I’ve long thought HES (and APC) would make a nice midsized acquisition for one of the oil super-majors. The question with HES, which had been run as a family business until Elliott intervened two years ago, was whether John Hess was ready to sell. Now, a sufficiently lucrative offer would probably carry the day, regardless of what John Hess wants.

Buyout vig is one of the main reasons to be invested in HES even during a period of low oil prices, IMO.