Hot Logistics Stocks For 2015: Hess Corporation (HES)
Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). The E&P segment explores for, develops, produces, purchases, transports, and sells crude oil and natural gas. This segment conducts exploration and production activities principally in Algeria, Australia, Azerbaijan, Brunei, China, Denmark, Egypt, Equatorial Guinea, France, Ghana, Indonesia, the Kurdistan region of Iraq, Libya, Malaysia, Norway, Peru, the Russian Federation, Thailand, the United Kingdom, and the United States. The M&R segment purchases, markets, and trades in refined petroleum products, natural gas, and electricity. This segment serves motoring public, wholesale distributors, industrial and commercial users, other petroleum companies, governmental agencies, and public utilities. It also operates terminals and retail gasoline stations, which include convenience stores located on the East Coast of the United States. As of December 31, 2012, the company operated 1,361 HESS gasoline stations in New York, New Jersey, Pennsylvania, Florida, Massachusetts, North Carolina, and South Carolina. Hess Corporation was founded in 1920 and is headquartered in New York, New York.Advisors' Opinion:
- [By Ben Levisohn]
The Danny Adkins day rate went from $474k in May 2011 to $498k working for Shell through Sept-14. Now the rig is slated to work for DGE at $317k for 200 days in the US GOM. Also, the Jim Thompson is expected to complete its contract on Dec-14 at $376k for Shell. Afterwards, the rig will enter the shipyard for 135 days, followed by a one year contract for Hess (HES) at $300k/day…
- [By Robert Rapier]
Bakken oil production is a small part of the overall portfolio of Hess (NYSE: HES), but ! that's good enough for third place among Bakken producers. Hess reported 80,000 boe/d of Bakken production in Q2 2014, up 25% over Q2 2013.
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-logistics-stocks-for-2015-2.html