The Undercovered Dozen highlights 12 lesser-covered stocks from the past week on Seeking Alpha. This curated series aims to spark investment ideas and community discussion around overlooked equities. Articles span a range of companies, encouraging investors to explore fresh opportunities beyond mainstream coverage.
Hess Midstream's deal with Chevron means lower earnings but also longer contracts, fewer shares outstanding, and expansion into a second region.
Hess Midstream Partners NYSE: HESM said it has entered a definitive agreement with Chevron to become an independent, publicly owned multi-basin midstream company, expanding beyond its Bakken operations through the acquisition of Chevron's DJ Basin midstream assets.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MSS Michael S. Sheehy CoreCommodity Management LLC | 4,118 | $501,065.3 | $613,458.46 | $112,393.16 | 22.43% |
| LW Landry Watson AVANTAX ADVISORY SERVICES Inc. | 6,023 | $876,361.97 | $897,246.31 | $20,884.34 | 2.38% |
| MC Mike Clark Cassady Schiller Wealth Management LLC | 958 | $135,837.13 | $142,713.26 | $6,876.13 | 5.06% |
Alex Nunnamaker Schechter Investment Advisors LLC | 2,508 | $293,075.68 | $373,616.76 | $80,541.08 | 27.48% |
Carmen McClennon WR Wealth Planners, LLC | 78 | $11,575.2 | $11,619.66 | $44.46 | 0.38% |
| Oil, Gas & Consumable Fuels Industry | Energy Sector | John B. Hess CEO | NYSE Exchange | 42809H107 CUSIP |
| US Country | 1,797 Employees | - Last Dividend | 11 Jun 1979 Last Split | 6 Apr 1983 IPO Date |
Hess Corporation stands as a prominent exploration and production company, with a focus on discovering, developing, producing, purchasing, transporting, and selling crude oil, natural gas liquids (NGLs), and natural gas. With its operations segmented into Exploration and Production, and Midstream, Hess Corporation strategically manages its production primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. Additionally, its exploration efforts are notably active offshore in regions such as Guyana, the U.S. Gulf of Mexico, Suriname, and Canada. Headquartered in New York, New York, since its incorporation in 1920, Hess Corporation has continually evolved to meet the energy sector's demands through innovation and strategic planning, positioning itself as a key player in the global energy market.
Hess Corporation specializes in the exploration and production of vital resources, including crude oil and natural gas. By employing advanced technologies and methodologies, the company ensures the efficient extraction and production of these energy commodities, catering to the global demand.
The company also plays a significant role in the production and sale of NGLs. These hydrocarbons are crucial for a variety of industrial processes and energy production methods, highlighting Hess Corporation’s contribution to the broader energy and chemicals market.
Hess Corporation offers comprehensive transportation and logistics services to facilitate the movement of crude oil, NGLs, and natural gas. This includes gathering, compressing, and processing natural gas; fractionating NGLs; and providing efficient transport solutions, such as rail car loading and transporting, ensuring that these commodities reach their respective markets securely and efficiently.
In addition to upstream activities, Hess Corporation is actively involved in midstream operations, encompassing the gathering, terminaling, loading, and transporting of crude oil and NGLs. The company’s midstream segment also includes activities such as propane storage and terminaling, demonstrating a versatile approach towards handling a broad spectrum of hydrocarbon products.
Hess Corporation extends its services to include water handling, particularly aimed at supporting operations in the Bakken Shale plays in the Williston Basin area of North Dakota. These services underline the company’s commitment to environmental stewardship and the sustainable management of natural resources.