Hess Corp. (NYSE: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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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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I remember when I had my shares of this tiny little (in terms of industry) exploratory drilling company AEZ.. Sure it was an oil stock, but it was like diet oil. Sin lite if you will. Anyway.. AEZ was putting up a good fight against the 800 lb gorillas and making me proud, and then all of a sudden.... NOM! Eaten by HES.. An appetizer of sorts. Now I own shares in a big, giant, nasty, demonic oil corporation. I couldn't be any happier! This thing may shimmy and shake a tiny bit with the market, but even with the price of oil being astronomical, it never goes to this stock's head.
In short, if you're avoiding HES because of it's evil oil nature, don't. Come to the dark side... We have stability..and cookies!