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dewophile

05/31/12 2:33 PM

#5134 RE: DewDiligence #5122

HES
if the street is under the impression that terms were not great because hess is under pressure to raise money to fund an escalating cap ex budget then i guess can spin this as a negative

i dont agree and just bought my first shares of hess now. i think their hedge - which looked stupid when brent was at 128 - now seems precient (and one woudl think should offer some small measure of downside protection)