InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,446.68
(
-1.37%
)
US TECH 100
18,254.00
(
-3.12%
)
Dow Jones
40,347.97
(
-1.21%
)
Brent Oil
79.97
(
-1.89%
)
Bitcoin
65,201.83
(
0.93%
)
Post# of 29496
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 834
Posts 120190
Boards Moderated 17
Alias Born 09/05/2002

DewDiligence

Member Level

Re: Democritus_of_Abdera post# 15208

Monday, 10/23/2017 8:38:31 PM

Monday, October 23, 2017 8:38:31 PM

Post# of 29496
HES sells Equatorial Guinea assets for $650—settles tax dispute with Equatorial Guinea for $187M:

https://finance.yahoo.com/news/hess-announces-sale-interests-equatorial-210400395.html

https://finance.yahoo.com/news/hess-corporation-reaches-amicable-tax-180143840.html

The $187M figure is 85% (HES’ Equatorial Guinea equity stake) of the $220M tax settlement with the government. Thus, HES’ (pre-tax) proceeds from the settlement and asset sale are $463M.

HES’ net production in Equatorial Guinea averaged 28K boe/d during 1H17.

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

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

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.

Sign Up