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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (49336)	10/25/2012 1:55:03 PM
From: E_K_S	Respond to of 78744

Shell buying North Sea fields from Hess for $525M Shell, a big operator in the North Sea, is buying oil fields there from Hess for $525 million Stock is still undervalued at current price. I figure it is worth north of $87.00/share ------------------------------------------------------------------------------ Wonder what they plan to do w/ all that cash? EKS

To: E_K_S who wrote (49336)	11/29/2012 10:36:53 AM
From: E_K_S	Respond to of 78744

Hess Corporation (HES) -NYSE - Closed position for small gain With OIL (WTI) +2.22% @ $88.41, I decided to take profits on HES even though it is undervalued. For me, a better dividend payer is a better hold, so I plan to move the proceeds into COP on any sell off below $55.00/share. I may revisit HES if I can pick up shares below $48.00/share. The portfolio is heavy in oil stocks so I want to clean out the marginal dividend payers and accumulate cash to deploy into better risk/reward candidate stocks. EKS