Hess Heads For The E&P Hills…

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“Hess Corp will offload its energy trading arm, Hetco, and exit its retail gasoline and marketing businesses by 2015” Reuters reports, “after pressure from investors accelerated plans to break up the company’s sprawling energy empire.” This move puts the company as a sole exploration and production company, meanwhile shares jumped 3.5% on the news.

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Matt Insley

The Managing Editor of the Daily Resource Hunter, Matt is the Agora Financial in-house specialist on commodities and natural resources.  He holds a degree from the University of Maryland with a double major in Business and Environmental Economics.  Although always familiar with the financial markets, his main area of expertise stems from his background in the Agricultural and Natural Resources (AGNR) department.  Over the past years he’s stayed well ahead of the curve with forward thinking ideas in both resource stocks and hard commodities. Insley's commentary has been featured by MarketWatch.

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