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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4910

Friday, 11/09/2012 1:33:24 PM

Friday, November 09, 2012 1:33:24 PM

Post# of 30493
Why is HES down today? Maybe because HES’ EVP of operations, Greg Hill, sold about $110K of stock on 11/6/12 at $55 and change in a Form-4 filing that hi the wires today:

http://www.sec.gov/Archives/edgar/data/4447/000120919112052309/xslF345X03/doc4.xml

Although Hill’s sale is relatively small and comprises only 2% of Hills’ HES holding, it reverses an impressive string of insider buys by CEO, John Hess and other insiders (#msg-75235512, #msg-75705739).

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

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