Replies to post #7388 on The Rising Influence of Rising Affluence

[DewDiligence]

HES ($75.47)—new 12-month high on 2Q13 results.

[DewDiligence]

HES continues asset divestitures with $850M sale of oil-storage terminals:

http://finance.yahoo.com/news/hess-announces-sale-terminal-network-200100986.html

Cumulative asset divestitures by HES in 2013 now come to $5.4B and this figure doesn’t even include the biggie: the chain of company-owned service stations and convenience stores known as Hess Express.

Meanwhile, HES has increased its dividend (#msg-91698213), declassified the BoD (#msg-90975647), and authorized a $4B share buyback. Moreover, insiders have been buying shares (#msg-91217060).

What’s not to like?

p.s. HES reports 3Q13 results on Oct 30.