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DewDiligence

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DewDiligence

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Re: wow_happens28 post# 9769

Thursday, 03/05/2015 5:53:54 PM

Thursday, March 05, 2015 5:53:54 PM

Post# of 29307
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.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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