Bigness matters in the oil business. Companies want to get bigger and stronger. With Triton, Hess moves up another peg so they now have more entrée into a variety of areas. |
It's about time. This was supposed to be a quick and easily executed merger. In other industries, these mergers do take years, but not in the oil industry. |
The big kicker here is the potential for oil and gas in Equatorial Guinea. This will give Hess potential significant upside if they have additional discoveries there. |
The current valuation largely reflects the company's strong fundamental outlook. |