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Re: acgood post# 5280

Monday, 06/25/2012 2:30:37 PM

Monday, June 25, 2012 2:30:37 PM

Post# of 30493

HES—Do they talk much about growing the dividend?

Not a lot. Despite obtaining a lot of cash flow from downstream operations (including the convenience stores), HES has always been viewed by investors as more of an E&P company than a smaller version of one of the integrated oil majors.

HES certainly has the financial flexibility to hike the dividend, but I don’t think that’s a high priority for management.

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