Hess Corp (NYSE:HES)

CAPS Rating: 4 out of 5

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

Recs

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Player Avatar seekinggotham (37.46) Submitted: 8/1/2013 12:59:54 AM : Outperform Start Price: $69.86 HES Score: +10.93

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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