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DewDiligence

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DewDiligence

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Re: DewDiligence post# 7388

Thursday, 10/10/2013 4:30:28 PM

Thursday, October 10, 2013 4:30:28 PM

Post# of 29346
HES continues asset divestitures with $850M sale of oil-storage terminals:

http://finance.yahoo.com/news/hess-announces-sale-terminal-network-200100986.html

Cumulative asset divestitures by HES in 2013 now come to $5.4B and this figure doesn’t even include the biggie: the chain of company-owned service stations and convenience stores known as Hess Express.

Meanwhile, HES has increased its dividend (#msg-91698213), declassified the BoD (#msg-90975647), and authorized a $4B share buyback. Moreover, insiders have been buying shares (#msg-91217060).

What’s not to like?

p.s. HES reports 3Q13 results on Oct 30.

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

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