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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.
The mother of all piggybacking situations; Elliott Management, Greenlight Capital, Michael Price, etc. Elliott is spearheading and using the basic playbook of poorly managed, overly diversified company needing to shed non-core operations; increase profitability, return cash to investors, etc. Price has talked on HES a fair amount and thinks it is worth considerably north of $100 per share. I own it.
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