In this video, Motley Fool energy analyst Joel South takes a closer look at some trends emerging in Hess' balance sheet. He notes that the company has a significant funding gap and discusses some of the company's announced sales that may fill that gap. He says the gap will also shrink now that the company has decreased its capital expenditure budget for 2013 compared with 2012.
Free Article
Can Hess Dig Itself Out of Debt?
By Joel South and Taylor Muckerman
–
Nov 18, 2012 at 3:00PM
NYSE: HES
Hess
Market Cap
$50B
Today's Change
(-0.22%) -$0.35
Current Price
$161.10
Price as of April 26, 2024, 1:02 p.m. ET
It's making the right moves.
Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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