New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 29, 2013
09:52 EDTHESHess rallies after Elliott says value could be $126 per share
Shares of Hess Corp. (HES) are moving higher after Elliott Management Corporation sent a letter to the company's shareholders urging them to elect its slate of five independent directors to the board. In the letter, Elliott said that if managed appropriately, the equity value of Hess could be up to $126 per share. Elliott estimates that a spin-off of Hess Resource Co. could create over $28 per share of additional value for shareholders, while divesting the company's downstream assets and tax efficiently monetizing its midstream assets could create $11 per share of additional value. Shares of Hess Corp. are up 10%, or $6.15, to $68.62 in early trading.
News For HES From The Last 14 Days
Check below for free stories on HES the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 14, 2014
17:41 EDTHESPoint72 Asset Management gives quarterly update on stakes
Subscribe for More Information
17:16 EDTHESPaulson & Co gives quarterly update on stakes
Subscribe for More Information
06:24 EDTHESLibya to restart exports from Es Sider oil port, WSJ reports
Libya will resume exports from Es Sider, its largest oil port, next week following a one-year disruption, sources tell the Wall Street Journal. Es Sider's preliminary loading plans involve six 60,000 barrel tankers drawing on oil stored at the terminal, split between state-owned National Oil Co, Hess (HES), ConocoPhillips (COP) and Marathon Oil (MRO). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use