Bought HES - bluedog - SocialPicks

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Bought HES
May 30, 2008 04:27 PM UTC

bluedog

Return	Risk
-6.08%	MID

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Symbol	Sentiment	Start	Return	Closed
HES		05/30/08	-50.83%	--

Via Bluedog:

I bought HES at $120.75. HES is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R). It's sitting on SMA 20 support. RSI(2) shows oversold. I like the technicals. Fundamentals aren't bad either. .89 PEG. 15.49% 5-year growth rate. $902m cash vs. $3.96b debt (not the greatest but not too bad). If oil reloads this coming week HES should rebound. If it breaks $118 I'll exit. H/t to Stewie for the name.

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