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Hess Midstream LP (HESM)

NYSE - NYSE Delayed Price. Currency in USD
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26.57-0.02 (-0.08%)
At close: 4:00PM EDT
26.57 0.00 (0.00%)
After hours: 04:41PM EDT
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  • S
    Steven
    I bought 376 shares this morning @ $26.40. I also bought positions in OMP, SBR, XOM and MO. Sold SBUX to pay for it (with no tax hit). My annual divvy on this money went up from $950 to $3900. I think I did pretty well.
  • k
    kalle
    Why did they water down shareholder value, whats the money for? co's benefit pkg?
  • G
    Gene
    I suspect as more people realize the market has topped and will either
    A) Crash or
    B) Trade Sideways

    they will start looking at these high dividend value stock types. Oil Midstream is in a good place imo. The stock valuations are low and yields are high and the companies throughout the industry seem to be lowering their debt levels. It is will become more clear that they don't need to be priced as high risk plays.
  • C
    Claire
    Why the 3 % drop today?
  • A
    Anonymous
    Maybe not typical dilution but a change of ownership from partnership units to A shares. They also issued A shares in March but what happened was the percent of income given to non-controlling interests dropped from 95% when they had only 18.1 mil A shares outstanding to 93.2% with the new 25.1 mil A shares. That 1.8% decrease then gave $2.916 mil in net income for the A shares . Divide that by the new ^ A shares last march (6.9m shrs if brker took total allotment) and u get a similar amount to the .44/share A shares got last qtr. Be nice if Investor relations would explain this not me. You can check my math on page 4 of the qtrly https://hessmidstream.gcs-web.com/static-files/6376b793-e354-40cc-8037-525c1d05a1f7
  • S
    Scott
    Why are they selling 7.5 million shares if they receive nothing from the sale (per the press release)?
    Neutral
  • T
    Terry
    EXPLANATION: When a large entity or group wants to sell a large position it goes through Co. to maintain an orderly market. That's all that happened and they used a Co. to distribute to other large entities. showing there are other investors that want a huge posn. Also note, this only resulted in a 3 pt or so drop in price...open market selling of this large amount would of driven price down 10-15 pts. and cause unusual market conditions.
  • R
    Roger
    EXPLAIN THIS: per a SEC Form 4 at both Global & HESS sold 4,312,500 ClassA units at $25.12 for over $108 million each.
  • j
    jon
    That pullback was an excellent buying opportunity
  • R
    Roger
    Was that a dip? I just doubled up.
  • k
    kenneth
    Any idea why it’s POPPING so?
  • R
    Roger
    Nice yield and dividend history. I'm in.
  • R
    Roger
    So what's going on today? I'm in four midstream companies. The other three are going up but HESM is down 2% or so.
  • H
    Helene
    Did HESM issue a k.1 for 2020?
  • T
    Thomas H
    HESS will fall
    HESM will cut its dividend
    only care by how much?
    Watching the NAV for a turn in price action 0 so far
    Bearish
  • J
    JD#1
    this one will bust out from the HES dropdowns to $25-$30, and potential restructuring or asset sales from HES with Paul Singer putting pressure on them. HES was up 5.3% today.
  • k
    kalle
    What is going on here? , Where is all this money going??
  • J
    JD#1
    a good place to get in on this one with all of the growth projects, potential dropdowns and clean balance sheet this is the quintessential stock to own, post MLP recovery.
    It has plenty of capacity in its revolver for any immediate growth projects so no need to issue equity.
    The Bakken is back and in need of pipes & infrastructure.
    the only issue is one they will grow out of: the small cap nature leaves minimal liquidity and the big boys, institutional firms can't buy it until it has an increased float.
  • S
    Stephen
    As long as you want to be in the sector (O&G midstream), HESM looks like a fairly nice investment for those chasing yield. As I see it, benefits are: 1) C-corp; 2) reasonable growth potential; 3) nice yield; 4) SOLID DCR (1.40+); 5) VERY solid Debt:EBITDA (~2.0). Downside (again, as I see it): 1) effectively (though not entirely) reliant on single operator (HES), and; 2) Small-Cap (can create a lot of price volatility - though some may like that if you want to "trade" it)
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