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DewDiligence

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Re: ilpapa post# 7894

Wednesday, 01/08/2014 1:13:52 PM

Wednesday, January 08, 2014 1:13:52 PM

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HES hasn’t yet committed to a spinoff of the retail business rather than a sale; from the 3Q13 CC:

http://seekingalpha.com/article/1787842-hess-management-discusses-q3-2013-results-earnings-call-transcript

Edward Westlake (Crédit Suisse): …Can you give us any updates on where you are in terms of the mechanics of the retail?

John Rielly (CFO): …we're doing a parallel process. We're going to go down the process of looking at a potential public market option, like you had mentioned, as well as go through an M&A process.

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

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