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Fly News Breaks for April 11, 2017
HES
Apr 11, 2017 | 06:46 EDT
BofA/Merrill analyst Doug Leggate added Hess Corp. to the US 1 List telling investors he expects a rebound in oil and gas production starting in 2H 2017, resulting in an inflection in cash flow that will provide flexibility to re-up Bakken investment. The analyst expects Hess to have the biggest sequential change in oil and gas production by Q4 of any company in the sector, which should drive an extended period of growth in 2018/19, and Guyana contribution driving growth through 2025. Leggate rates Hess a Buy with an $80 price target.
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