Bank of America Merrill Lynch named the independent oil and gas producer as a top pick. Analysts noted that Hess has fallen to within 10% of its 2008 low. "Regardless of the European concerns this is unwarranted in our view," analyst Doug Leggate said in a note to clients.
No kidding, LOL.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”