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Stock Market & Financial Investment News

News Breaks
January 10, 2014
08:32 EDTHESHess completes sale of Pangkah asset in Indonesia
Hess completed the previously announced sale of its Pangkah asset to a subsidiary of PT Saka Energi Indonesia, which exercised its pre-emption rights, for a total after tax consideration of $650M comprising the sale of equity interests in certain holding entities and certain inter-company debts. The asset, located off the coast of Indonesia, produced an average of 9K barrels of oil equivalent per day net to Hess in the first three quarters of 2013.
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April 2, 2014
08:06 EDTHESHess Corp. at an inflection point, says BofA/Merrill
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