Hess Corporation Makes Gains

Filed under: Stocks to Buy

Hess Corp. (HES), which I first wrote about on April 22, 2009 at a price of $50.41, has registered more progress since the last look. Look for integrated oil giant Hess to post a solid revenue/earnings performance in 2010, propelled higher by increases in upstream (oil and gas production) operations, which will benefit from high oil prices.



Downstream, Hess' refining sector, like other refiners, will be hurt by continued, low margins, due to relatively low gasoline demand in the U.S. It's possible that margins could begin to recover in early 2011, if 2010 U.S. job growth exceeds 2 million positions.

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Hess Corporation Makes Gains originally appeared on BloggingStocks on Fri, 23 Apr 2010 17:20:00 EST. Please see our terms for use of feeds.

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