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DewDiligence

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DewDiligence

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Re: DewDiligence post# 5959

Monday, 11/12/2012 10:42:10 PM

Monday, November 12, 2012 10:42:10 PM

Post# of 30493
HES hires GS to shop Russian subsidiary:

http://finance.yahoo.com/news/hess-explores-sale-interests-russia-130000231.html

Hess Corporation announced today that as part of the company’s strategic reshaping of its portfolio it will pursue the sale of its Russian subsidiary Samara-Nafta, which produces approximately 50,000 barrels of oil equivalent per day in the Volga-Urals region.

This is consistent with HES’ planned divestitures of non-core assets to support its new business model described in #msg-78327528.

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

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