Hess, however, seems to be far from seeing eye to eye with Elliot Management which may worry investors moving forward. As Hess aims to offer more concessions to investors, be sure to keep a look out for the future announcements that could influence its share price.
Activist Hedge Funds & Energy Firms
Hedge funds have given more focus to acquiring activist positions in energy firms; Chesapeake Energy Corp, SandRidge Energy, Nabors Industries NBR are among the handful of firms facing pressure by these hedge funds to deliver more value to investors. Be sure to keep a look for developments with these firms as well.
Written by Sherif Ahmad, Kapitall