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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:44 EDTHESHess Corp. valuation range raised to $61-$67 from $52-$58 at Wells Fargo
Wells Fargo increased its valuation range on Hess after the company announced that it would pursue sales of its terminal network and exit its refining business. The firm thinks the moves will leave the company's focus clearer and its balance sheet a little cleaner. Wells maintains a Market Perform rating on the stock.
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April 23, 2014
08:00 EDTHESHess Corp. announces sale of Thailand assets for $1B to PTTEP
Hess Corporation announced it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1B, effective July 1, 2013. Together, the two assets produced an average of 17,000 barrels of oil equivalent per day net to Hess in 2013. Hess will use the proceeds from this sale to continue repurchasing shares under its existing $4B authorization.
06:21 EDTHESPTTEP to buy Hess Corp.'s Thailand assets for $1B
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