CVX is HES’ partner on Tubular Bells in GoM. CVX is weak in shale oil. Most important, CVX has the balance sheet to absorb HES without a severe credit-rating downgrade.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.