InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
85.88
(
-0.72%
)
Bitcoin
55,892.43
(
0.08%
)
Post# of 29432
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 832
Posts 119984
Boards Moderated 17
Alias Born 09/05/2002

DewDiligence

Member Level

Re: OakesCS post# 2142

Wednesday, 02/23/2011 5:08:31 PM

Wednesday, February 23, 2011 5:08:31 PM

Post# of 29432
HES (84.95, +5.2%)—Belatedly, investors seem to have figured out that HES does not have much to lose from instability in Libya. HES’s share of production in Libya is not only tiny (#msg-60203027), but also is subject to one of the highest tax rates on hydrocarbons anywhere in the world, which means that very little of this revenues reaches the bottom line.

Even if all onshore activity in Libya were to shut down, it would not make much difference to HES in the overall scheme of things.

“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 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