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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (39817)	11/24/2010 1:08:52 AM
From: Paul Senior	of 78742

OT: HES: Upped my few shares a little. Decided I like HESS's dollar commitment to oil exploration, and the places where they're going to try to find oil. North Dakota Bakken France (oil shale) West Africa (Offshore Gabon) North Africa (Offshore Libya) Offshore Brazil (Santos Basin) Gulf of Thailand Norway/Denmark/U.K. North Sea I'm not much of a fan of their downstream stuff -- refining and retail sales. And at current price, the stock won't fit into a value box in the way I view it. Still, given their recent emphasis on paying up for shale lands and moving more upstream, I've raised my HES cost basis with a buy of a few more shares. finance.yahoo.com

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