Agreed about HES’ hedge, which some investors thought was unduly defensive when it was announced. This company has an experienced management team that deserves the benefit of the doubt, especially when they are buying shares on the open market (#msg-75705739, #msg-75235512).
I think your entry point today will serve you well in due course.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”