4 Merger and Acquisitions Stock Stories Making Friday Headlines

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Hess Corporation (NYSE:HES): Current price $63.93

Hess Corp and Newfield Exploration Co. have initiated two separate auctions to divest portions of their Asian oil and gas field interests having a combined value of roughly $3 billion, according to inside sources. As with several American energy firms, Hess and Newfield have been selling off aging and less productive oil and gas fields, while investing back into more strategic and profitable projects, especially in and close to their home markets, impelled in part by activist shareholders. Their retreat has drawn interest from Asian state oil firms and others eager to reinforce their portfolios in the region.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

HES

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business