Replies to post #6793 on The Rising Influence of Rising Affluence

[DewDiligence]

HES (74.09, +3.4%) bags $2.05B ($1.8B after taxes) on sale of Russian assets to Lukoil:

http://finance.yahoo.com/news/hess-announces-sale-interest-russia-142500413.html

The sale, which will lower HES’ production by about 45K boe/d, is consistent with the previously announced plan to divest non-core assets.

The stock is up today because most investors probably didn’t realize HES’ Russian assets were worth north of $2B.