Replies to post #9285 on The Rising Influence of Rising Affluence

[oldberkeley]

As I said last week, I held PBR for many years in my long-term portfolio, and HES is the replacement.

Wound up with a good-sized position sub-$70, I think I'll be just fine down the road.

[jbog]

Upgraded/ Downgraded these clowns are just making market. Let's just hope Oil in general settles down. I don't think the mid $50's were in many previous predictions.

Hess Corp. downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley downgraded Hess to Equal Weight citing relative outperformance vs. Bakken names and another reduction in oil price forecasts and capex reductions. Price target lowered to $73 from $101.