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Stock Market & Financial Investment News

News Breaks
January 29, 2014
09:40 EDTHESHess Corp. announces sale of Utica dry gas acreage
Hess Corporation announced that it has entered into an agreement to sell approximately 74,000 acres of its dry gas acreage in the Utica Shale to an undisclosed third party for a consideration of $924M. Approximately two-thirds of these proceeds are expected at the end of the first quarter of this year, with the balance to be received in the third quarter. Proceeds from these sales will be used for additional share repurchases as they are in excess of those associated with the divestiture program announced by the company on March 4 of last year. The company will determine whether or not to seek an increase to its existing $4B share repurchase authorization, approved as part of its March 4 announcement, after a final decision is made either to spin or sell Hess Retail.
News For HES From The Last 14 Days
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December 16, 2014
12:22 EDTHESAnadarko, BG Group 'widely seen' as targets amid oil slump, FT says
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09:59 EDTHESOn The Fly: Analyst Downgrade Summary
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07:30 EDTHESHess Corp. downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Hess to Equal Weight citing relative outperformance vs. Bakken names and another reduction in oil price forecasts and capex reductions. Price target lowered to $73 from $101.
December 15, 2014
08:56 EDTHESHess Corp. coverage resumed with a Buy at Goldman
Target $92.
December 12, 2014
09:35 EDTHESActive equity options trading
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December 11, 2014
07:28 EDTHESHess volatility elevated as oil trades near 65-month low
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