Breakingviews on Twitter
Search League Tables

Sunday, 26 June 2016

Hess needs more than standard activist fare

Hessian fight

The $21 bln U.S. oil group is selling terminals and closing its last refinery just as activist hedge fund Elliott Associates is showing interest. Hess is already becoming a purer explorer. Closing the valuation gap with peers requires more than spinoffs or financial engineering.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)