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$109.09 5.09 (4.89%)
8/21/2008 4:01 PM

Hess Corp. (HES)

CAPS Rating:
****

The Company and its subsidiaries is a global integrated energy company that operates in two segments, Exploration and Production and Marketing and Refining.

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Recs

3

Avatar JDSancho (99.45) Submitted: 6/17/08 7:16 PM : Underperform Start Price: $125.23 HES Score: 19.74

Hess is a third tier refiner. It's stock price will decrease lock step with a decline in oil prices (and on the contrary, it will increase with a rise in oil, but that's not what this pitch is about). Hess has a market cap of over $40B, putting it in the same category as Target and Home Depot.

I believe in the long term need for energy, but I think the market has gotten out of balance i.e. oil up 100% in one year. I don't think we are in a "bubble", but it is about time for a correction.

Will I put real money on this bet? No. Absolutely not. But I believe in it enough to make a HES underperform call here!

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Avatar BADROCKER (< 20) Submitted: 6/20/08 2:38 PM

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I tried shorting this stock, but the stock keeps killing me. The company is sound, they have convenience stores that are owned by the company, and they refine and sell oil.

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