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To: Spekulatius who wrote (48048)5/19/2012 7:06:44 PM
From: Paul Senior  Read Replies (1) | Respond to of 78715
 
All of these large oilers seem to have some plusses and minuses to consider. As others here seem to be doing, I hold a basket of several integrateds, rather than trying to pick "the best" one. If I had to choose a favorite, as of today and subject to my changing whims, I'm for Charlie Maxwell's (refer to earlier posts) Suncor. I hold some SU shares and am waiting to add more if stock will continue to fall closer to its 12-mo lows.

Reiterating, SU's plus is that it already has 35 years of oil to be pulled up and out from its oil sands,i.e. it has no exploration risk (and presumably no geopolitical risk with Canada). Otoh, the minus is that SU is oil sands, so there may be cost per barrel issues (as I believe you may have suggested), and there may be as-yet unknown or significant environmental issues that may come to the forefront.

suncor.com



To: Spekulatius who wrote (48048)5/20/2012 7:28:12 AM
From: Bocor  Respond to of 78715
 
new insider buying in HES:

On Thursday, Director Ernst Von Metzsch filed SEC Form 4 indicating that he purchased 20,000 shares for $916,760.



To: Spekulatius who wrote (48048)5/31/2012 10:21:27 AM
From: Spekulatius  Read Replies (5) | Respond to of 78715
 
Small adds allover the place - CLF @48$, HES at 44.4$, AVP at 16.1$, RIO at 43.1$. Ugly day!



To: Spekulatius who wrote (48048)9/7/2012 4:51:31 PM
From: E_K_S  Read Replies (2) | Respond to of 78715
 
Re: Hess Corporation (HES) -NYSE

Hess Corp. sells interest in fields for $1 billion
Hess Corp. sells stake in ACG fields and pipeline for $1 billion to ONGC Videsh Ltd.

Hess Corp. said Friday that it is selling its stake in the Azeri, Chirag and Guneshli Fields in Azerbaijan and an associated pipeline to Indian petroleum company ONGC Videsh Ltd. for $1 billion.Hess has a 2.72 percent interest in the fields located in the Caspian Sea and operated by BP. The fields have been producing since 1997. Hess has a 2.36 percent interest in the pipeline associated with the fields.The deal is expected to close in the first quarter of next year.

That's worth almost $3.00/share. Stock +4.09% to $52.90/share (+$2.09/share). Seems like the stock should move higher as the close date gets closer.

EKS