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DewDiligence

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DewDiligence

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Re: DewDiligence post# 5683

Friday, 09/07/2012 10:40:52 AM

Friday, September 07, 2012 10:40:52 AM

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HES—I’d like to reiterate the value of the Barclays webcast yesterday (see #msg-79305806 for link). In less than 30 minutes, you can learn almost everything you need to know about HES’ new business model including some factoids about the Bakken. The presenter is Greg Hill, head of worldwide E&P.

One new disclosure from the webcast is that HES is pulling out of the Eagle Ford and will monetize its acreage there.

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

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