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Hess Corporation Message Board

  • imaginejml@sbcglobal.net imaginejml Jun 6, 2013 3:35 PM Flag

    Is the increase in HES today because of the dollar or an oversold situation or something else?

    Do not no where this will be going. It's been a tough position so far.

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    • IMHO some of both, but more due to a bounce from an oversold situation. A weaker dollar means sales and profits overseas are worth more dollars, so that would help HES. But early in the day the dollar was quite weak already, and HES was still down almost 1%. So I think the late-day rise (on low volume) is more a part of running out of selling pressure by those who were disappointed over the way the proxy fight ended.

 
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40.11+1.18(+3.03%)Feb 12 4:03 PMEST