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Fly News Breaks for May 5, 2017
HES
May 5, 2017 | 07:46 EDT
As noted earlier, Wells Fargo upgraded Hess to Outperform from Market Perform. The firm upgraded the stock based on what it sees as Hess' "growth potential, (strong) operating cost performance, balance sheet strength, exploration upside and current discounted valuation." Wells expects the company to grow at a compound annual rate of 4.9% through 2019. Target $57-$59.
News For HES From the Last 2 Days
HES
Mar 19, 2024 | 06:22 EDT
Exxon Mobil (XOM) CEO Darren Woods said the tense dispute with Chevron (CVX) over a Guyana oilfield will not damage the relationship between the two companies, Myles McCormick and Jamie Smyth of The Financial Times says. Exxon has begun an arbitration process against Chevron over its $53B deal for Hess (HES), arguing it has a right of refusal over Hess' stake in Stabroek Block off the coast of Guyana. The standoff between the two companies threatens to complicate their joint ventures. Reference Link