Hess Clears Deck With Loss and Asset Sales To Fund Liza in Guyana

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  • 25 Oct '17 at 4:29 pm #12940
    ThePitBoss
    Participant

    [article]320[/article]

    26 Oct '17 at 2:04 am #12941
    ClemSnide
    Participant

    Massive discovery Liza – $XOM the major partner so will be well funded. Debt has been their problem for a long term. Let’s see how we go moving forward. Production down also but storm the blame.

    26 Oct '17 at 6:25 pm #12967
    ThePitBoss
    Participant

    Hess Corp hit hard again today NYSE: $HES · October 26, 10:22 AM EDT
    $40.95 ▼ 1.28 (3.03%)

    29 Nov '17 at 5:01 am #13687
    ThePitBoss
    Participant

    $HES completed the sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for $650MM.

    These proceeds, along with cash on balance sheet, will enable to prefund $HES’ investment opportunity in Guyana, increase its rig count in the Bakken in 2018, return capital to shareholders and reduce debt.

    08 Mar '18 at 6:40 pm #15438
    TradersCom
    Keymaster

    Hess $HES To Buy Back $1B Shares

    Hess Corp will buy back $1 billion worth of shares by the end of 2018 – will be the largest U.S. oil and gas producer to do be buying back since the oil price recovery

    26 Apr '18 at 8:21 pm #16361
    ThePitBoss
    Participant

    Hess Corp. $HES downgraded to Hold from Buy at KLR Group

    52-week trading range for the oil giant is $37.25 to $59.56.
    Shares closed Wednesday at $59.34

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