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Hess Corporation Message Board

fastball.98mph 5 posts  |  Last Activity: 17 hours ago Member since: Dec 26, 2011
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  • Reply to

    Back In

    by elkster08 Nov 19, 2014 12:37 PM
    fastball.98mph fastball.98mph 17 hours ago Flag

    The company is swimming in capital. First the IPO in Jan then a large bond issue in late summer. Production growth shouldn't be a problem. Not a substantial amount of acreage so they might have to spend a lot on additional leases and or acquiring a smaller E&P. Seems to trade at a higher valuation than most in the sector. However, that usually is the case with tightly held companies with relatively low floats...Just my take after quick glance.

  • I unfortunately got siked out with the pension obligation after interest rates tumbled. The underlying business is sound and throwing off a lot of cash.

  • fastball.98mph by fastball.98mph Nov 16, 2014 11:04 AM Flag

    In the BoA/Merrill presentation the CEO said most valuation models suggest that Utica is being valued at only $1/per share ($165m). Compare that to the valuations of RICE and ECR. Both combined have less Utica acreage than RRC but both together have a $6bil EV. Since Utica is virtually not priced in at all you can see what the impact would be if they can prove it up in short time...$6bil/165mil is $36/pershare.

  • fastball.98mph fastball.98mph Nov 6, 2014 9:33 AM Flag

    Owned this for a couple years now. So far it's not the operations or investing that has held this up. It's the Cayman tax structure.

  • Reply to

    It's Launch Time Baby

    by hoopervisor2 Oct 31, 2014 9:22 AM
    fastball.98mph fastball.98mph Nov 1, 2014 12:20 PM Flag

    1. Top line growth is very strong and margins are intact!

    2. Net PP&E over nine months is up close to 40%, and still not a dent in the pristine balance sheet!

    3. 2015 CAPEX looks to be cut in half, which will free up a lot of cash to either pile up or knock down the share count...Cheers!

    Sentiment: Strong Buy

HES
85.21+1.62(+1.94%)Nov 21 4:01 PMEST

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