Replies to post #4910 on The Rising Influence of Rising Affluence

[DewDiligence]

A HES director bought about $900K worth of stock yesterday on the open market at $45 and change:

http://www.sec.gov/Archives/edgar/data/4447/000120919112028868/xslF345X03/doc4.xml

In conjunction with the very large recent buys by CEO John Hess (#msg- 75235512), insiders are making a strong statement that the stock is undervalued.

[DewDiligence]

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).