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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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October 15, 2014
07:44 EDTHESHess volatility at five-year highs as oil trends below $81
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October 10, 2014
10:05 EDTHESHess calls active on renewed takeover chatter
Hess October 84 and 85 calls area active on total call volume of 2,700 contracts (300 puts) on renewed takeover chatter. October call option implied volatility is at 37, November is at 32, December is at 30, January is at 27; compared to its 26-week average of 20 according to Track Data. Active call volume suggests traders taking positions for large price movement.
09:55 EDTHESRumor: Hess Corp. moves up on renewed takeover chatter
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