Hess (HES) +1% premarket after talk of Sale

Hess has recently sold their Eagleford assets, pipelines and refinery.  The last two brought their stock price and general outlook up.  The Eaglford had lost considerable value at the time of sale to Sanchez leaving other companies wondering what their Eaglford is worth.  Could Consol step up and buy their partner?

 

Monday, March 25, 7:59 AM ET
Hess (HES) +1%
premarket after Heard On The Street suggests it could be sold outright rather than broken up into pieces.
No one has stepped up to buy Hess despite its valuation gap, Liam Denning writes,
most likely because it wasn't perceived as being for sale. Norway's Statoil (STO) is an
intriguing potential acquirer; for one thing, it has among the lowest
proved-reserves life of the major oil companies.

http://seekingalpha.com/currents/post/906781?source=email_rt_mc_rea...

 

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Permalink Reply by farmgas on March 27, 2013 at 9:17am

Any news about Hess, and question whether Consol would be interested in buying them?

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