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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4805

Friday, 05/04/2012 6:33:20 PM

Friday, May 04, 2012 6:33:20 PM

Post# of 30493
HES CEO, John Hess, bought $2.5M worth of stock on 4/30/12 at $52/sh:

http://www.sec.gov/Archives/edgar/data/4447/000120919112025003/xslF345X03/doc4.xml

The latest purchase increased the number of Hess’ directly-held HES shares by 17%. (Hess owns a much larger stake through various trusts.)

The 4/30/12 transaction was Hess’ second large purchase of HES shares during 2012: on 1/30/12, Hess bought $5M worth of stock at approximately $55/sh (http://www.sec.gov/Archives/edgar/data/4447/000120919112006247/xslF345X03/doc4.xml ).

All told, therefore, Hess has bought $7.5M worth of HES stock this year on the open market.

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

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